10 Worst Places In The World To Start A Startup


 

Bangalore: It must not be difficult for an entrepreneur to predict if a location is best suited for his business or if it would help him to build profits and at least get his investment back. The first priority for a business after an idea and investment would be its physical location. A place to work is very important as it would be the office location for a startup. The best place or location must be skillfully opted as it helps the business to continue the workflow, save tax and increase revenue.

Not every government supports a business, rather, the policies and rules set by each government differs and some governments give more subsidies to the businesses born inside, whereas few other government promotes foreign businesses as it brings more name, fame, employment and other such opportunities. Physical locations also include the political interference, climatic conditions, availability of resources, competitors for better improvement and such other things. Although Bangalore decorated the 9th place in the World’s best place for business, India as a country finds its place in the sixth spot of World’s worst place to begin a startup. The worst economies in the world to set up a business location as reported by cnbc are – 

 

10. Argentina

FDI 2010- $6.3 billion

GDP 2010- $388 billion

Out of all factors in Argentina, to get a construction permit is the most difficult in this country. It had missed to make its debt payment in 2002, since then the country has not seen any foreign company starting up a business and being successful. Though this country is rich in its culture and tradition it lacks proper government support and assistance. It had also banned the purchase of any farmland. It has rigid and strict guidelines which make foreign direct investment less and the UN had also reported a 30% fall in the first half of this year.