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10 Best Countries For Startup Entrepreneurs

By SiliconIndia  |   Thursday, 28 March 2013, 05:00 Hrs
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Bangalore: The best countries for entrepreneurs do not necessarily have the biggest economies. In fact, based on a new report by the Organization for Economic Co-operation and Development, four of the 10 best countries for entrepreneurship have among the smallest economies in the developed world. Here is a list of 10 countries which is perfect for startups, as reported by 24/7wallstreet.

#10 Chile
Procedures necessary to start a business - 7
Days required to start business – 7

Chile, the only South American nation in the OECD, has one of the least-restrictive systems for starting a new business. The entire process can be completed in as little as a week.73% of Chileans aged 18 to 64 believe entrepreneurship is a good career option. The notion that business ventures can be successful in the country appears to be taking root with foreign entrepreneurs as well.

Located within South America, Chile is officially known as the 'Republic of Chile'. Chile is one of South America's most stable and prosperous nations, leading Latin American nations in human development, competitiveness, income per capita, globalization, economic freedom, and low perception of corruption. High domestic savings and investment rates helped propel Chile's economy to average growth rates of 8 percent during the 1990s. The privatized national pension system (AFP) has encouraged domestic investment and contributed to an estimated total domestic savings rate of approximately 21 percent of GDP.

Read More: 5 Entrepreneurial Lessons From Lord Shiva - 'The Destroyer' / 7 Things That Keep Great Entrepreneurs Rolling

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