If you are planning to start up a business this year, one of the first factors that you should think about is where you’re going to base your business, especially if you’re not intending to base your business within your home country. With this in mind, here are some of the best places in the world in which you can base your company in 2023.
One of the best places that you should consider basing your business is London. London has great connections with places across the globe, making it a top international business hub, with people able to get to London by train, plane, or by sea. Not only this, but London has wide and welcoming business communities and a range of companies based within it from all sectors, including tech and science. This means that London can instantly feel like home for many entrepreneurs. London is also often the place where people look when they’re looking for specialist and niche products, and you may be able to grab the attention of both the millions of Londoners living in the capital, as well as people across the country, who you can cater to with an online store.
Then, if you’re thinking of starting up a company in London, you should consider looking at the various office spaces that are available to rent. You should first think carefully about where you want this office space to be though, whether you’re determined to have office space in Central London or Bank. By doing this, you’ll be able to run an exciting office space that’s easily accessible to both your clients and your employees. To find great office space, you should consider looking at the options that are on offer from The Workplace Company.
2. Hong Kong
If you’re thinking of taking your business global, Hong Kong can be a great place to base your business because it’s already home to a vast number of entrepreneurs who are happily making use of its great infrastructure and the fact that it’s years ahead when it comes to technology. Not only this, but it’s also home to skilled and dedicated potential employees who’ll be able to improve your business and adapt it to the global market. Another benefit of basing your business in Hong Kong is the low tax rates and there are fewer trade restrictions than in other countries, which makes imports and exports simple and can ensure that you’re able to widen your business to an international audience. The low taxes can also reduce the costs of your business and heighten your profits, all while you’re able to make connections with the many other entrepreneurs that are in the region.
3. New York
When you think of business cities, you often think about New York first, and this is because, out of all the cities in the United States, this is where a lot of large and famous businesses are based, from famous toy stores to finance companies. If you want to make a large profit and get as many customers as possible to pay an interest in your business, why not join these businesses in basing your startup in New York? Not only do people travel exclusively to New York to shop, but there are also many famous districts that can suit the needs of your business, whether you need office space or a bricks-and-mortar store to sell your goods from.
You’ll also be able to make international connections in New York and it’s the hub for many different industries, including theater, fashion, and accountancy. Then, you shouldn’t discount New York. Even though it can be expensive to base your business there, it will pay off and you’ll likely get a good return on your investment.
You should also consider setting your business up in Dubai, as this city has a lot of connections to other parts of the world due to its bustling airport. Not only is the infrastructure in Dubai constantly developing, but the technology is also great quality, and it’s a city of great innovation in many sectors, especially in finance and tech.
You’ll be able to make connections in Dubai with many other businesspeople who may provide you with opportunities for business growth, such as marketing partnerships and funding, and you’ll also not have to pay tax here, meaning that you can make the most of your profits. Then, you should consider whether basing your business in Dubai could be a great way to get started, especially if you want to live in a location with a high standard of living.
For those who want to base their business on the main European continent, Paris is a great option. Known for its style, Paris is a great base for companies in the fashion, hospitality, retail, and car industries. You may also thrive in Paris if you own a creative business. You’ll often be able to find better investment opportunities in Paris, and a great, spacious business headquarters that can give your business room to grow.
You’ll be able to stay on top of the trends and innovation within your sector and meet potential employees and businesspeople from all over the world. Paris is also pro-business and provides a great environment for businesses to thrive in, especially due to recent business reforms, with many tourists passing through every year who might be interested in what your company has to offer.
In conclusion, you shouldn’t dismiss the idea of starting up a business in one of the major business hubs in the world rather than where you’re currently based. By choosing the right business location, you’ll be giving your company a better chance of survival. Not only might you be able to cut the costs of running a business, but you might also be able to increase your customer base and profits, as well as the satisfaction that you get out of running your own business.