Starting a business abroad can be one of the most exciting and rewarding steps in your professional journey. Many expats are discovering that launching a company in a new country offers not only professional growth but also personal freedom, better tax conditions, and exposure to international markets.
But where should you go? This guide explores the best countries to start a business as an expat. From tax incentives to skilled workforces and visa options, these destinations stand out as the top choices for foreign entrepreneurs in 2025.
What Makes a Country Business-Friendly?
Before diving into the list, it is important to define what makes a country attractive for starting a business. Key factors include:
- Low corporate tax rates or appealing tax incentives
- Simple and fast company registration processes
- Access to bank loans or venture capital
- A stable legal and political environment
- Skilled workforce and strong business environment
- Reasonable cost of living and high quality of life
- Availability of long-term visa or citizenship investment programs
The countries featured below are ideal for both small-scale startups and growing international businesses.
Singapore: A leading financial and tech hub
Singapore is often ranked as one of the best countries to start a business. The city-state is known for its efficient infrastructure, high corporate transparency, and international business culture.
Why entrepreneurs choose Singapore:
- Corporate income tax capped at 17 percent, with further incentives for new businesses
- No capital gains tax
- Access to Southeast Asian and global markets through extensive free trade agreements
- Easy to register a company, often within one to two days
Singapore also offers strong legal protections, political stability, and visa options such as the Employment Pass and Entrepreneur Pass. The high quality of life and strategic location make it one of the best cities to start a business in Asia.
United Arab Emirates: Tax-free zones and global access
The United Arab Emirates, especially cities like Dubai and Abu Dhabi, offers an attractive business environment with various tax benefits and modern infrastructure.
Key benefits:
- Zero percent corporate tax in many free trade zones
- No personal income tax or capital gains tax
- Strategic access to Africa, Europe, and Asia
- Golden visa options available for investors and professionals
Although the cost of living in major cities can be high, the UAE’s strong economy, expat-friendly culture, and quality medical care make it a top country to start a business. To ensure comprehensive healthcare coverage while living in Dubai, explore our international health insurance options for expatriates in Dubai.
Estonia: A digital nation for modern startups
Estonia has gained international attention for its digital-first approach. It offers a fully remote solution for foreign entrepreneurs through its e-Residency program.
Highlights include:
- Zero corporate tax on reinvested profits
- Full online company registration and management
- Startup visa for tech entrepreneurs
- Access to the European Union market
With a growing ecosystem for digital nomads and remote businesses, Estonia is a popular choice for those looking to start a business abroad without the need for physical relocation.
Hong Kong: Asia’s gateway for international business
Hong Kong continues to be a preferred destination for international trade, logistics, and finance. It offers one of the most efficient systems for company registration and low tax rates.
Why Hong Kong remains competitive:
- Corporate tax rates from 8.25 to 16.5 percent
- No capital gains tax
- Fast company setup and strong rule of law
- Easy access to mainland China and Asia-Pacific markets
Entrepreneurs can apply for an investment visa and benefit from the city’s skilled workforce and business-friendly environment. Despite high cost of living in some districts, the overall appeal remains strong.
Portugal: A rising star for european entrepreneurs
Portugal is becoming a favorite for entrepreneurs who want to combine professional opportunity with a relaxed lifestyle. Lisbon and Porto, in particular, have thriving tech and startup communities.
Advantages of starting a business in Portugal:
- Corporate tax rate of 21 percent, with reductions for small businesses
- Golden visa programs through real estate or investment
- Access to the European Union market
- High quality of life and lower cost compared to other Western European countries
Portugal is also known for its strong work-life balance and pleasant climate, making it one of the best countries to set up a business while enjoying personal well-being. For a comprehensive guide on settling in Portugal, explore our article on living as an expat in Portugal.
Canada: Innovation and economic security
Canada provides a secure and well-regulated environment for entrepreneurs. The Start-Up Visa Program is tailored for foreign founders seeking to launch innovative businesses.
Reasons to consider Canada:
- Access to bank loans, grants, and venture capital
- Transparent legal system with strong IP protection
- Corporate tax rates ranging from 15 to 27 percent depending on the province
- High quality life and access to international markets
English-speaking and culturally diverse, Canada is an ideal country to start a business and build international partnerships.
British Virgin Islands: A tax-friendly destination for global business
The British Virgin Islands attract international businesses for their simplicity, tax neutrality, and confidentiality.
Key features:
- No corporate income tax, capital gains tax, or inheritance tax
- Quick and cost-effective company formation
- Ideal for holding companies and international operations
While not suitable for brick-and-mortar startups, the BVI is one of the best countries to start a business focused on international investments or online services.
Ireland: Europe’s tech and finance hotspot
Ireland is a favorite for multinational corporations and tech startups due to its low taxes and English-speaking workforce.
What makes Ireland stand out:
- Corporate tax rate of 12.5 percent
- Critical Skills Employment Permit for skilled workers
- High availability of venture capital and tech talent
- Gateway to European Union markets
Dublin is a particularly attractive city for entrepreneurs seeking fast growth and international exposure.
Panama: Gateway between the Americas
Panama is an emerging destination for entrepreneurs looking for business opportunities in Latin America. Its strategic location, dollarized economy, and business-friendly climate make it attractive for expats.
Key reasons to choose Panama:
- Territorial tax system (foreign income is not taxed)
- Easy company registration and flexible corporate structures
- Favorable visa options for investors and professionals
- Competitive living cost and modern infrastructure
Whether you’re drawn by the tropical lifestyle or the access to both North and South American markets, Panama is becoming a popular choice for expat entrepreneurs. Learn more about living in Panama as an expat.
Important considerations before you launch
Before deciding which country to start a business in, take time to assess key aspects:
- Cost of living, real estate prices, and expected business expenses
- Residency and visa requirements for entrepreneurs
- Time and process to register your company
- Tax obligations in both your new country and your home country
- Access to financial resources, such as bank loans or grants
Choosing the right destination depends not only on business potential but also on lifestyle, family needs, and long-term residency goals.
Summary table of the best countries to start a business as an expat
| Country | Corporate Tax Rate | Visa Options | Key Strengths |
|---|---|---|---|
| Singapore | Up to 17% | Entrepreneur Pass, EP | Trade hub, strong legal system |
| UAE | 0% in free zones | Investor Visa, Golden Visa | Tax-free, strategic location |
| Estonia | 0% on reinvested | e-Residency, Startup Visa | Digital-first, remote friendly |
| Hong Kong | 8.25–16.5% | Investment Visa | Asia gateway, low taxes |
| Portugal | 21% | Golden Visa, D7 | EU access, work-life balance |
| Canada | 15–27% | Start-Up Visa | Stability, innovation, skilled workforce |
| British Virgin Islands | 0% | Business residency | Tax haven, privacy |
| Ireland | 12.5% | Critical Skills, Start-Up | EU access, tech and finance sector |
| Panama | Varies (Territorial) | Friendly Nations Visa, Investor Visa | Strategic location, low living costs |
Conclusion
Finding the best country to start a business as an expat depends on your goals, industry, and preferred lifestyle. Some countries offer low tax rates and quick company registration, while others provide access to large markets and strong support systems for startups.
Whether you’re interested in digital innovation in Estonia, global trade in Singapore, or startup life in Portugal, the right destination is out there.
And wherever you decide to build your business, securing international health coverage is essential. Foyer Global Health is here to help expats protect their health while pursuing new opportunities abroad.
