Expanding your business overseas can unlock new markets, lower taxes, and better access to funding and talent. But choosing the right country to start your company depends on more than just ease of setup. You’ll want to consider how tax rules, residency options, banking access, and language will affect your operations.
Some countries, like Hong Kong and Singapore, offer fast digital registration and low taxes on international income. Others, such as Canada and the UK, combine strong legal systems with deep startup support. If you’re looking for a zero-tax environment and long-term visa options, the UAE stands out. For global founders focused on reputation and legal protection, Switzerland offers a trusted base in Europe. New Zealand appeals to those who prefer a stable, low-cost setup with support for innovation and R&D.
Here are a few key highlights:
- You can incorporate fully online in Hong Kong, Singapore, Canada, and the UK.
- No local director is required in Hong Kong, most of Canada, and the UAE.
- Favourable tax regimes are available in Hong Kong, Singapore, the UAE, and Switzerland.
- Startup visas and incubator support are widely available in Singapore, the UK, and Canada.
- English is widely used in business across all seven countries.
How to Choose the Right Country to Start Your Business
Choosing where to start your business isn’t just about tax rates or fast registration. It’s about how well the country fits your goals, whether that’s launching from abroad, raising capital, or entering new markets.
Here are five key questions to help you narrow down the best option:
1
Can I run the company completely remotely?
- Full remote control: Hong Kong, the UAE, and the UK allow full foreign ownership without requiring you to move or appoint a local director. In Hong Kong, you can use services like Statrys to handle the setup and filings entirely online.
- Local-director workarounds: Singapore and New Zealand require at least one resident director. However, nominee services make it possible to comply without relocating. For example, providers like Statrys also provide this service in Singapore as part of the package.
- Hybrid approach: Canada and Switzerland support remote ownership but may require a local director, manager, or notary visit during setup. These steps can usually be arranged through licensed intermediaries or local agents.
Tip: Before committing, check if your chosen provider includes a registered address, company secretary, and post-incorporation filings in their fee. Some services charge these separately.
2
Will I need a visa to operate the business?
Most countries let you incorporate a business without a visa. But if you want to actively manage the company from within the country, visa rules matter.
- If you're not planning to relocate, Hong Kong, Canada, and the UK allow you to own and run your business from abroad. You can do this without a local work visa, as long as you are not actively joining operations on-site.
- If you're moving in, check startup-specific visas like the Innovator Founder Visa (UK), EntrePass (Singapore), or Start-up Visa (Canada). These are usually tied to innovation, funding, or business endorsements.
Visitor visas won’t allow you to work in or manage the business locally, even if you own it.
3
What tax treatment will I face as a foreign founder?
Tax policies can make or break your long-term plans. You’ll want to consider not just corporate tax rates, but also whether the country taxes global income or offers relief for early-stage businesses.
- Territorial tax systems like those in Hong Kong, Singapore, and (in some cases) the UAE mean you’re taxed only on local income. That’s helpful if most of your revenue is international.
- Low headline tax rates are available in the UAE (9%), Singapore (17%), and the UK (19–25%), with perks for startups in the early years.
- R&D tax refunds are generous in Canada, Switzerland, and New Zealand, especially if you're building innovative products or IP.
Tip: Always consult a tax advisor in both your home country and your target country to understand your full obligations, including double tax treaties.
4
Is there enough support for startups and small businesses?
Founders who are launching solo or in small teams often benefit from government support, local funding, or workspace incentives.
- Supportive ecosystems exist in Singapore, Hong Kong, Canada, and the UAE. These countries offer government grants, startup hubs, subsidised licences, and in some cases, visa support.
- Specialised R&D incentives are available in places like Switzerland and New Zealand. Agencies such as Innosuisse or Callaghan Innovation help founders with funding and market access.
If you are not looking for public support, you may prefer countries with a simpler setup process and fewer regulatory layers. The UK and UAE are strong options in this case.
5
Will I face language or legal barriers?
You need to be able to understand legal filings, contracts, and compliance procedures. For that reason, language and legal systems matter.
- English is widely used in business across Hong Kong, Singapore, Canada, the UK, and the UAE. These countries make it easier for foreign founders to handle company matters directly.
- In Switzerland, German, French, and Italian are official languages. However, English is commonly used in business and in startup support organisations.
Also consider legal systems. Common-law jurisdictions such as the UK, Singapore, and Hong Kong are familiar to many international founders. These often offer more predictable legal procedures than civil-law systems.
Top 7 Countries for Foreign Entrepreneurs to Start a Business in 2025
1
Hong Kong
|
Best for: Founders who want fast overseas setup, with tax-free international income and strategic access to Mainland China and broader Asian markets. |
Hong Kong is one of the world’s most business-friendly locations. You can incorporate fully online in under an hour, with no local director required. Its simple tax system only applies to income sourced in Hong Kong, making it ideal for international founders. The city also offers strong legal protections, reliable infrastructure, and close ties to Mainland China, Southeast Asia, and beyond. These strengths make it a popular choice for digital entrepreneurs, consultants, and regional headquarters.
Tip: Want to take the next step? Check out our full guide on how to set up a company in Hong Kong.
Here’s a closer look at what to expect:
| Factor | Details |
|---|---|
| Company registration | ✅ Fully online via Companies Registry e-Services ⚡ Certificate typically issued within 1 hour In-person filing also available (typically 4 working days) |
| Ownership and residency | ✅ 100% foreign ownership allowed • No local director required • Must appoint a Hong Kong company secretary and registered address |
| Corporate taxation | • 8.25% on first HKD 2 million of profits, 16.5% thereafter • Only Hong Kong–sourced income is taxed (territorial system) |
| Incorporation and ongoing costs | • Registration fee: HKD 1,720 • Company setup (including secretary + address): HKD 6,000–12,000/year • Annual audit required for all companies |
| Business banking access | Banks: Most require in-person or video KYC Fintechs (e.g. Statrys): Some support remote onboarding for non-residents Approval depends on business profile, sector, nationality, and ownership structure |
| Visa and relocation options | No visa needed to incorporate or visit short-term ✅ Investment as Entrepreneur visa typically approved in 4–6 weeks if relocating ❌ Visitor visa doesn’t allow managing or joining business full-time |
| Additional considerations | • Government incubators (Cyberport, HKSTP) offer grants, mentorship, and subsidised office space • Annual audit is mandatory for all Hong Kong companies, even if small or inactive • Key sectors: Finance, ecommerce, logistics, professional services • English widely used in legal and business settings • Skilled workforce available; salaries are mid to high by regional standards • Cost of living is relatively high, especially for rent and office space |
Need help with choosing a service provider? We’ve compared the best company incorporation services in Hong Kong to help you get started with confidence.
2
Singapore
|
Best for: Entrepreneurs looking for a simple, fully online setup with strong startup support and tax perks in Southeast Asia, especially in innovation-driven industries. |
Singapore offers a smooth and well-regulated environment for new businesses. You can register a company online in 1–2 days, with full foreign ownership allowed. Taxes are low, and government schemes help reduce your tax bill in the first few years. The city is known for its skilled talent, strong legal system, and support for innovation-driven sectors such as fintech, biotech, and logistics.
Tip: See our top picks for company incorporation services in Singapore to get started smoothly.
Here’s a closer look at what to expect:
| Factor | Details |
|---|---|
| Company registration | ✅ Fully online via ACRA’s BizFile portal ⚡ Typically completed in 1–2 days (name approval + registration) In-person filing available via local agents if preferred |
| Ownership and residency | ✅ 100% foreign ownership allowed • Must appoint at least one local resident director (Singapore Citizen, PR, or valid work pass holder) • Foreign directors must hold a work visa (e.g. EntrePass) to be officially appointed • Registered local address and company secretary required |
| Corporate taxation | • Flat 17% corporate tax rate • Foreign income generally taxed only if remitted (territorial system) 📌 Start-Up Tax Exemption: 75% off first SGD 100,000 profit + 50% off next SGD 100,000 (first 3 years) |
| Incorporation and ongoing costs | • Registration fee: SGD 315 • Compliance package (incl. secretary + address): SGD 2,000–5,000/year • Audit exemption for small companies |
| Business banking access | Banks: Most require in-person KYC Fintechs (e.g. Wise, Aspire): Some support remote onboarding for non-residents Approval can vary based on your business model, passport, and perceived risk profile |
| Visa and relocation options | No visa needed to incorporate ✅ EntrePass typically approved in ~8 weeks for startup founders ❌ Visitor visa doesn’t allow managing or working in the business |
| Additional considerations | • Strong government support for startups: grants, incubators, and tax perks • Key sectors: Fintech, biotech, advanced manufacturing, logistics • English used in all official business matters • Highly skilled workforce; salaries and cost of living are high by regional standards |
Still choosing between Hong Kong and Singapore? Read our detailed breakdown to see which one fits your business better.
3
New Zealand
|
Best for: Founders who want a simple, low-cost setup with no local shareholding requirements and strong R&D support, especially in agritech, biotech, and green tech. |
New Zealand offers a clear, low-bureaucracy setup process. You can register your company fully online, and 100% foreign ownership is allowed. If you’re based abroad, you’ll need a local director, which is often arranged via nominee services. The country has a flat corporate tax rate, no general capital gains tax, and generous R&D funding through agencies like Callaghan Innovation. It's a practical launch pad for testing products or serving nearby markets like Australia and Asia.
Note: Nominee Director ≠ Day-to-Day Control
If you appoint a nominee to meet residency rules, they typically won’t manage your business operations. However, you should have clear agreements in place to define their responsibilities and protect your ownership rights.
Here’s a closer look at what to expect:
| Factor | Details |
|---|---|
| Company registration | ✅ Fully online via the Companies Office portal (RealMe) ⚡ Incorporation usually completed in 1–2 days In-person filing available through local agents if preferred |
| Ownership and residency | ✅ 100% foreign ownership allowed • Must appoint at least one NZ- or Australia-resident director (nominee services available) • Foreign directors need a valid work visa to serve officially • Local registered office + service address required |
| Corporate taxation | • Flat 28% corporate tax rate • No general capital-gains tax 📌 R&D Tax Credit: 15% refundable on eligible spend |
| Incorporation and ongoing costs | • Name + registration: NZD 129 (including GST) • Compliance services: NZD 2,000–4,000/year • Audit exemption for most small companies |
| Business banking access | Banks: Require in-person KYC (a local intermediary can assist) Fintech: Some support remote onboarding for non-residents Approval depends on business model, nationality, and risk profile |
| Visa and relocation options | No visa needed to incorporate ✅ Entrepreneur Work Visa (capital ~NZD 100k+) processed in ~12 weeks, can lead to residency ✅ Investor visas available (from NZD 3m over 4 years) ❌ Visitor visa does not permit running the business |
| Additional considerations | • Government incubators and R&D grants via Callaghan Innovation and NZTE • Key sectors: Agritech, biotech, sustainability, education, tourism • English is the working language; legal system is common-law • Skilled workforce; salaries and cost of living are high by regional standards • Geographic distance means longer shipping times and less real-time overlap with Europe/US |
4
The United Arab Emirates (UAE)
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Best for: Entrepreneurs seeking a low-tax setup with no local ownership restrictions and a strategic base to reach the Middle East, Africa, and South Asia. |
The UAE supports fast, flexible business setup through over 40 free zones and an online-first registration process. Most founders can get a trade licence in 1–3 days, with zero personal income tax and no local partner needed. Free zones allow 100% foreign ownership, and government-backed incubators offer discounted packages for startups. Combined with long-term visa options and world-class logistics, the UAE is a strong option for international founders expanding into emerging markets.
Tip: Looking for a low-cost setup? Government incubators like Area 2071 (Dubai) and Hub71 (Abu Dhabi) offer discounted licences, workspace, and visa assistance for startups.
Here’s a closer look at what to expect:
| Factor | Details |
|---|---|
| Company registration | ✅ Fully online via Basher (mainland) and most free zones ⚡ Registration typically completed in 1–3 days |
| Ownership and residency | ✅ 100% foreign ownership allowed (mainland + free zones) • No local partner required • Registered UAE address required |
| Corporate taxation | • 0% on first AED 375,000 of profit • 9% flat rate above that • Free-zone companies may qualify for 0% if substance rules are met |
| Incorporation and ongoing costs | • Licence fee: AED 1,000–5,000 depending on zone or package • Office and visa costs add ~AED 10,000–20,000/year • Audit required by some free zones or banks |
| Business banking access | Banks: Often require UAE residency and office lease for in-person KYC Fintechs: Limited remote options for SMEs; onboarding depends on nationality and activity type |
| Visa and relocation options | No visa needed to incorporate ✅ Investor and Green Visas available (5–10 years) ❌ Without a visa, you can’t reside in the UAE long-term (even if you own a company) |
| Additional considerations | • Strong digital infrastructure (UAE Pass, e-signatures) • Incubators like Area 2071 and Hub71 offer grants and visa support • Key sectors: logistics, tourism, fintech, energy • English widely used in business |
Tip: See how Dubai compares with Singapore, explore the full UAE company setup guide, or check our Hong Kong-Singapore-Dubai report for a side-by-side breakdown.
5
Switzerland
|
Best for: Founders seeking a high-trust, legally robust European base with strong IP protection, tax benefits, and long-term business credibility. |
Switzerland offers a high-quality business environment with stable regulations and a multilingual workforce. You can begin your company registration online, then complete it with a notary, usually within 2 to 4 weeks. Some cantons offer competitive corporate tax rates as low as 12% and additional R&D incentives. While living costs are high, Switzerland remains a top choice for high-tech, finance, and precision industries seeking legal certainty and international prestige.
Did You Know?
The canton of Zug, home to Crypto Valley, offers one of Switzerland’s lowest combined corporate tax rates (around 11.9%) and lets companies pay share capital in approved cryptocurrencies. That blend of low tax and crypto-friendly policy is unique in Europe and has attracted over 1,000 blockchain and fintech start-ups.
Here’s a closer look at what to expect:
| Factor | Details |
|---|---|
| Company registration | ✅ Online submission via EasyGov Finalised with notary signing (typically completed within 2–4 weeks) |
| Ownership and residency | ✅ 100% foreign ownership allowed • Must appoint at least one Swiss-resident director or manager • Local registered office address required • Mandatory share capital: CHF 20,000 (GmbH) |
| Corporate taxation | • Federal tax: 8.5% on profit after tax • Combined federal + cantonal rate: approx. 12–22%, depending on location • R&D perks available in select cantons (e.g. patent box, additional deductions) |
| Incorporation and ongoing costs | • Notary and registration: ~CHF 420 • Bookkeeping and compliance: costs vary • Annual audit required for large companies only |
| Business banking access | Banks: In-person KYC required to open account and deposit share capital Fintechs: Some require local identity verification |
| Visa and relocation options | • EU/EFTA nationals may live and work freely • Non-EU founders need a cantonal permit, approved case-by-case based on business impact • Remote ownership is allowed, but operating the business may require travel or local presence |
| Additional considerations | • Multilingual environment: German, French, and Italian are official languages • English widely used in business • Startup support available via Innosuisse, Venturelab, and cantonal agencies • Key sectors: biotech, medtech, manufacturing, finance, blockchain • High living and talent costs, balanced by infrastructure and legal certainty |
6
Canada
|
Best for: Founders who want straightforward online incorporation, generous R&D tax refunds, and tariff-free access to the United States and Mexico. |
Canada offers a strong legal and business environment, with English-language support available nationwide. You can register a company online in just a few days. Several provinces don’t require a local director, which gives foreign owners more flexibility. Canada’s membership in USMCA allows businesses to enjoy streamlined access to US and Mexican markets. While costs in major cities like Toronto can be high, especially for office space and talent, the combination of market access, regulatory clarity, and one of the world’s most generous R&D refund schemes makes Canada a compelling base for global founders.
Tip: Pick a Province That Suits Your Plans
If you're not relocating, provinces like British Columbia and Alberta offer a smoother path. They don’t require a local director and support fully online registration. This makes them ideal for founders setting up from overseas.
Here’s a closer look at what to expect:
| Factor | Details |
|---|---|
| Company registration | ✅ Fully online at the federal or provincial level Filed via Corporations Canada or relevant provincial registry Processing time: 2–5 business days (express options available) |
| Ownership & residency | ✅ 100% foreign ownership allowed • No director residency requirement in provinces like British Columbia, Alberta, Ontario, and Quebec • Federal rule: one Canadian-resident director only if there are four or more directors • Local registered office address required |
| Corporate taxation | • Federal rate: 15% • Small business rate: 9% on first CAD 500,000 for CCPCs • Provincial tax: adds 8–12% depending on location • Combined small business rate: usually between 12–19% |
| Incorporation and ongoing costs | • Registration fee: CAD 200–360 • Accounting & filings: CAD 1,500–3,000/year • Audit only if large or public company |
| Business banking | Banks: Most allow non-resident account opening with in-person ID verification (no large minimum deposit needed for basic SME accounts) Fintechs: Some options, like Wise or Payoneer, may require a Canadian ID or proof of local address |
| Visa & relocation | No visa needed to incorporate remotely ✅ Start-up Visa (SUV): Offers permanent residency for innovative businesses backed by a designated VC, angel group, or incubator. You’ll need a letter of support from an approved organisation. ✅ Provincial entrepreneur streams also available Remote ownership is allowed, but working in the business locally requires a valid visa |
| Other considerations | • Strong English and French support • SR&ED programme refunds up to 35% of eligible R&D spend • Key sectors: AI, cleantech, agri-food, aerospace, natural resources • High living costs in major cities; more affordable options available in secondary cities like Calgary or Halifax |
Important: If you plan to claim Canada’s R&D refund (SR&ED), make sure to keep detailed technical records and expense logs from day one. Even early-stage firms can get sizable refunds, but only if proper documentation is in place.
7
The United Kingdom
|
Best for: Entrepreneurs seeking a globally recognised jurisdiction with fast setup, legal clarity, and access to talent and capital in Europe. |
The United Kingdom allows full foreign ownership and offers one of the fastest incorporation processes worldwide. Most founders can incorporate a private limited company online in just one day via the government portal. There’s no minimum capital, and you don’t need to be a UK resident to start. The country provides access to a skilled workforce, strong IP protection, and deep funding networks, especially in fintech, healthtech, and creative sectors like gaming and design. Generous tax schemes can refund R&D costs or give investors up to 50% tax relief, helping attract early-stage capital. While London is expensive, more affordable startup hubs are emerging in cities like Manchester, Leeds, and Birmingham.
Planning to Start a UK Company? Get step-by-step guidance in our UK Business Setup Guide, or compare top UK company formation agents to help you register your business smoothly from overseas.
Here’s a closer look at what to expect:
| Factor | Details |
|---|---|
| Company registration | ✅ Fully online via Companies House ⚡ Most Ltd companies are approved within 1 business day Paper filings also accepted but take longer |
| Ownership & residency | ✅ 100% foreign ownership allowed • No UK resident director required • Must provide a UK registered office address (can use formation agent or virtual office) |
| Corporate taxation | • Flat 25% corporate tax (from April 2023) • Lower 19% rate applies to companies with profits ≤ £50,000 • R&D tax credits and SEIS/EIS incentives available for qualifying startups |
| Incorporation and ongoing costs | • Incorporation fee: £12 • Basic compliance: £1,500–3,000/year (including filings) • Audit required only for large companies |
| Business banking access | Banks: Usually need a UK address or in-person ID check Fintechs (e.g. Revolut, Tide): Many let you open remotely with passport and basic company proof |
| Visa & relocation options | No visa needed to incorporate ✅ Innovator Founder visa available for scalable businesses backed by approved endorsers ❌ Visitor visa doesn’t allow running the business Remote ownership is allowed, but working for or managing the business in the UK requires a valid visa |
| Other considerations | • Common-law legal system with strong IP protections • Key sectors: fintech, AI, gaming, design, healthtech • London is costly, but cities like Leeds or Birmingham offer cheaper alternatives |
Note: UK Tax Incentives Can Help You Raise Funds
Early investors in SEIS/EIS-approved companies can claim back up to 50% of their investment. This lowers the risk and makes your startup more attractive to angel backers and early-stage VCs.
Final Note
Choosing the right country to start your business is more than a checklist. It’s about finding a place that fits your goals, lifestyle, and how you want to operate.
Whether you’re looking for fast setup, low taxes, or long-term credibility, the key is to take the next step with clarity. Focus on what matters most to your business, and build from there.
FAQs
Which country is best to start a company as a foreigner?
Hong Kong, Singapore, and the UAE are top choices. They allow full foreign ownership, online setup, and no relocation required. Hong Kong is ideal for Asia, Singapore for startups, and the UAE for low-tax access to emerging markets.
