REPOST: The 9 best countries in the world to start a business

Planning to establish a business outside your country? Here are nine excellent choices for you, according to Business Insider:

 

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Countries in central and northern Europe dominate a global ranking of the best places to start a business — although a central American state tops the list.

 

The index, compiled by Wharton University and market research firm Y&R, evaluates a total of 80 countries which collectively account for 95% of global gross domestic product.

 

The overall ranking considers a wide range of factors to create an overall “best countries” index, including entrepreneurship, heritage, quality of life, and openness for business.

 

Business Insider took a look at the “openness for business” subindex, which considers a range of factors including the price of manufacturing costs, levels of bureaucracy, tax environment, transparency of government practices, and the extent of corruption.

 

View the complete list HERE.