10 Countries to Watch Out for a Profitable Business
#4 Singapore, overall score: 80.1: Singapore is the easiest place to do business as it provides a balanced economy structure and corruption free environment. It is a capitalized mixed economy.
With excellent infrastructure, highly skilled labor power, and strong judicial system, Singapore possesses one of the most open economies for International trade and investments. The low cost for business set up attracts traders from across and Singapore's ties with international economies are relevantly powerful and provide a perfect platform for a fruitful business. Exports of electronics, chemicals are contributors of wealth, and while India too is a part of this export and import ties.
#5 Australia, overall score: 79.9: With growing consumers, and improving wealth, Australia is growing as a market and potential business hub. Australia's flourishing economy, with awesome presence of natural resources, and the marking of globalization and industrialization is a beneficial factor for the businesses based there. Australia's economy is prosperous with low inflation and attractive interest rates. The startup cost is affordable, attractive and the workforce in Australia is highly skilled and cost-effective.
#6 Germany, overall score: 79.9: Scoring a tie with Australia, Germany is the largest National economy in Europe and is the second largest exporter in the world and its exports account for more than one-third of National output. Germany boasts of flexible policies molded in respect of need, and is considered as business-friendly especially for new ventures. With availability of highly skilled man-power and strong consumer base, the business is set to flourish.
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