In the modern era, it’s easier for you to relocate and start a business virtually anywhere. Sure, it’s easier to just stay at home and don’t have to think about issues like repatriation of profits or dealing with an unfamiliar market, yet, sometimes the benefits of this market are too great to ignore. Local incentives, entrepreneur-friendly laws and regulations and, overall, the climate of a market in the expansion is something that a lot of people just can’t overlook. This would mean that even with all the commotion revolving around it, this move would be worth your while. With that in mind and without further ado, here are the top five best cities to start your new business in.
Even though it’s one of the most iconic cities in mainland Europe, Berlin is, nowadays, a massive megalopolis and a cosmopolitan city. This means that it gathers a massive international talent pool that a cunning entrepreneur can use. Due to BREXIT, a lot of investors and entrepreneurs are quickly leaving London or are at least considering leaving it, and Berlin might just be their next destination. The infrastructure is quite formidable and the city itself is a family-friendly environment. This means that it’s easy to see how a lot of entrepreneurs might consider permanently relocating to Germany, given the opportunity.
One of the best things about starting a business in Helsinki lies in the fact that it’s incredibly startup friendly, even though it’s not a major European city (most would classify it as medium in size). The local population has some of the greatest experts in various fields, which means that you have an outstanding talent pool to work with. The location of the city is also quite amazing, due to its proximity to Russia, the Nordic region and mainland Europe. Helsinki airport is also quite formidable, making it into an even more important business hub. Quality of life in Helsinki is amazing, which means that it’s a great option for a complete family relocation.
There are many reasons why starting a business in Dubai is such a good idea. First of all, it has three jurisdictions (free zone, mainland and offshore), which is something that you’ll have to get accustomed to, especially when choosing where and how to start your business. Second, it’s fairly easy for you to speed up this process by finding an agency that specializes in a company setup in Dubai. Availability of manpower and immensely powerful physical infrastructure of the metropolitan area are another great reason for this decision. The fact that it’s an open trading hub also makes a huge difference in your favor.
Singapore has a long history as one of the world’s most important ports in the Far East. This means that you can already check the strategic location box on your list. Nowadays, however, entrepreneurs favor it for business-friendly taxes, ease of access to capital (a lot of venture capital companies and angel investors are looking this way) and much more. The government itself is quite supportive of businesses, which can be seen through numerous labor laws and policies. On top of it all, it’s a place where you can easily gain access to top talent.
A lot of people see Melbourne as the technological capital of Australia. Needless to say, this is due to the incredible number of tech startups that are sprouting all over the city. The number of co-working spaces in Melbourne has also drastically increased, which has led to a proper revolution in terms of the perception of the Australian workplace. The cost of doing business is fairly low, which allows you to remain profitable even with a smaller income. Due to the fact that Australia is a major global trade power, by working from Melbourne, you get access to all the other world markets with ease. All of this combined makes this city a place worth considering.
Conclusion
As you can see, this list sprawls across countries, continents and even hemispheres, meaning that the options you have in front of you are quite numerous. You also need to bear in mind the fact that different industries may find different regions and cities more favorable. This, on the other hand, is a situational factor that depends only on your aspirations and ambitions.
