Starting a business or expanding your pre-existing business abroad can be daunting as there are many factors to consider when choosing the ideal location, from small business prices to the relevance of your brand. Not only do you want to ensure that your business has a place in the market of a particular country but you also need to consider the value of your competitors and potential employees.
Ireland
Although not very geographically far from the UK, Ireland has many beneficial aspects to offer businesses. Over the years Ireland has become more and more desirable to businesses due to measures put in place to encourage investments. Their efforts have not been unsuccessful and have resulted in big business giants such as Facebook, Twitter and Google locating headquarters in the Capital city.
In comparison to many other European countries, Ireland does not have as many businesses, but the 0.45 million businesses that it does have still equate to 6.1 every km² of land taken up by the city and this figure is not so dissimilar to those bigger countries.
In regards to employing a workforce, Ireland’s business per capita comes out at 11 which allows your business more options when it comes to recruitment.
Sweden
Classed as having one of the highest standards of living, Sweden has seen steady financial growth over the years and has become a more eye-catching location for businesses.
Much like Ireland, Sweden’s business per capita is lower than many other countries, allowing your business more possibilities when it comes to hiring local employees. But, Sweden does have its fair share of new businesses registering — 45,590 — raising the issue of competition and meaning that you need to ensure that there is a market for your business within the country and that you have a strong foundation to fight for the success of your enterprise.
Denmark
In recent years, Denmark has been at the top of the list for the best countries to conduct your business in and this is for many reasons, primarily its low corruption and strong market economy.
Denmark has 0.38 million business and low unemployment, which could be a difficulty when it comes to setting up a new business as there may be smaller appropriate candidates that apply for new positions. But, you may be able to offer desirable people better deals to encourage them to work for you, most likely including a higher wage and again requiring your business to have a strong financial foundation and high possibility of success to offer guarantees to these employees.
