Very few business executives have predicted that a virus would lead to worldwide devastation in 2020. Just about four months after the first official reports of the COVID-19 outbreak in Wuhan, China, more than three million cases have been confirmed globally, and it comes with exponential economic unrest. A lot of economic challenges came up along with the virus.
Although we are facing stock market uncertainty and businesses facing unprecedented challenges, this makes for a suitable time to look at the best places to invest. The world’s best countries to invest in or do business in Post-Covid have been revealed by CEOWORLD.
Top 5 Countries for Investors
Singapore’s tax laws have largely remained unchanged for many years. The country has been trying to keep tax rates competitive, and the rebates are attractive for corporations looking to incorporate in Singapore. It’s a given that low taxes are very pleasing to any businessman.
The majority of the politicians are also keen on keeping taxes as low as humanly possible. This means that regardless of election results, the tax segment of their local laws are almost always left unchanged.
SG is a mix between the Western world and the Asian world. Singapore’s citizens and permanent residents usually speak either English or Mandarin or both. This means that people from Western places like the USA and Europe, as well as Asian places like China, will be comfortable living and working in their city-state. From another perspective, here is why business execs and investors like Singapore; aside from having a great tax system for corporations and individuals, Singapore also has pretty stable property prices. This makes it an attractive country for investment in many wealthy individuals and also a place to live at the same time.
While there may be a low probability that property prices appreciate that in the late 1990s and early to mid-2000s, it is stable in value. If you are looking for stability, this is a great thing in times of economic uncertainty. In fact, so many foreigners constantly ask if they can buy property in Singapore to invest in or live in. SG is also largely seen as a neutral country when it comes to international politics by the world. Being politically neutral when it comes to international issues has led to relative stability, and this is a good thing if one wants to avoid unnecessary fluctuations in their businesses’ headquarters.
Business leaders looking for expansion try tapping European markets which have shown signs of accelerated growth. Investing in Europe allows companies to access EU markets without any trade barriers and the necessary workforce and resources that are needed to achieve long-term success are readily available. The UK is the leader of foreign investment in Europe. Investors are attracted to invest in the UK because it only takes 13 days to establish a business in the UK, according to the World Bank study. The World Bank has ranked the UK first in Europe and sixth in the world to operate a business.
The UK is also known internationally as a competitive tax environment for foreign investors: the UK has the lowest corporate tax at 28 percent, which is the lowest in the G7. The highest personal tax bond at 40 percent is also the lowest in the EU.
Business-wise, the UK has the least barriers to entrepreneurship. OECD has identified the UK as second in the world for Product Market Regulation. It also ranks second for the least barriers to entrepreneurship and third for the least barriers to trade investment in the world.
Tagged as the world leader in innovation, the UK is known for its quality research base and ranks second on the list of most productive places for innovation.
When it comes to politics, The UK is the least corrupt country in the world. It achieves a higher rating in comparison to the US, Japan, Germany, and France.
Perhaps an unexpected entry for many, the Eastern European nation was found to be one of the top-tier places for investment, ranking highly for market potential and institutional framework. Being central: Poland’s ideal location, in the very center of Europe, makes the country a perfect investment destination for enterprises targeting both Western and Eastern markets. The international routes crossing Poland have been constantly developed and modernized thanks to substantial help by funds and subsidies from the EU.
The country is the only member of the European Union that avoided a decline in GDP during the late 2000s recession now is ranked 20th worldwide in terms of the GDP. According to a Credit Suisse report, Poles are the second wealthiest nation in Central Europe, after the Czechs.
The world’s largest archipelago is known for its incredible natural resources, tremendous economic potential, and for being one of the leading ASEAN markets. One of the reasons to invest in Indonesia is the fact that it is one of the world’s fastest-growing middle class. The middle class in Indonesia is growing fast, making it a valuable target group for investors.
Indonesia has by far the biggest population in Southeast Asia. It’s also a regional economic powerhouse – it has the biggest total GDP and a rapidly growing GDP per capita that is ahead of most of the frontier and emerging markets in the region.
According to McKinsey, around 90 million Indonesians will join the consumer class by 2030. These are people with an annual net income of $US 3.600 or above in terms of purchasing-power parity. That will mean an additional $1 trillion in annual spending by the nation’s optimistic and increasingly sophisticated consumers.
Indonesians are also quickly becoming an urban nation. This means that more people are entering the consumer class and looking to consume products and services. It’s also both a massive challenge and an opportunity for infrastructure and real estate projects to accommodate the rapidly growing cities.
The South Asian nation scored highly in an institutional framework followed by education and research. India will remain one of the fastest-growing economies in the world as IMF projects a growth of 8.8% for India in 2021.
India is also known for being the home to the world’s largest youth population. India has its largest adolescent and youth population. It will continue to have one of the youngest populations in the world until 2030. India has the third-largest group of scientists and technicians in the world
India is also making a name when it comes to infrastructure. Hon’ble Finance Minister Smt Nirmala Sitharaman announced the National Infrastructure Pipeline’s first-of-its-kind initiative to provide world-class infrastructure across the country. By 2030, it is estimated that around 42% of India’s population would be urbanized from 31% in 2011.