The logistics performance index of Albania is 2.65. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Customs performance is rated at 2.71. It indicates a satisfactory performance - the customs clearance procedure is effective in general, although long time can occasionally be a problem; the customs system certainly does not discourage international business activity; documents and fees needed are usually publicly available.
Infrastructure quality in Albania is rated to be at 2.54. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.
International shipment quality is 2.54. It indicates a satisfactory performance - the services are adequate and the prices are not too high and usually accurately match the quality, although there is still room for improvement.
The competence of logistics service providers is valued at 2.54. The providers are competent - they ensure a good quality in their services, maintaining this level at almost all times; flaws, while still possible, are usually minor and don't discourage the further employment of the providers.
Tracking possibilities for shipments are rated at 2.54. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
Tracking possibilities for shipments are rated at 3.04. It indicates a satisfactory performance - most of the shipments arrive timely and within the scheduled time brackets; late arrivals are still possible, although uncommon.
In Albania, 100% of the population has access to electricity. Albania has 4 airports nationwide. There are 15,528 internet hosts in Albania. The number of road motor vehicles per 1000 inhabitants in Albania is 114.
Road network The total road length in Albania is 18,000 km (11,187 miles). Out of them 0 km (0 miles) of roads are classified as motorways, freeways, or autobahns.
Gas price On average, you would pay 1.76 USD for one liter of gasoline in Albania. One liter of diesel would cost 1.33 USD.
The logistics performance index of Brazil is 2.94. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Customs performance is rated at 2.48. It indicates a mediocre performance - although somewhat ineffective, clearence porcesses do not overly discourage international business activity, occasionally fees and/or documents needed may be unpredictable, long clearance time can also be a problem.
Infrastructure quality in Brazil is rated to be at 2.93. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.
International shipment quality is 2.8. It indicates a satisfactory performance - the services are adequate and the prices are not too high and usually accurately match the quality, although there is still room for improvement.
The competence of logistics service providers is valued at 3.05. The providers are competent - they ensure a good quality in their services, maintaining this level at almost all times; flaws, while still possible, are usually minor and don't discourage the further employment of the providers.
Tracking possibilities for shipments are rated at 3.03. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
Tracking possibilities for shipments are rated at 3.39. It indicates a satisfactory performance - most of the shipments arrive timely and within the scheduled time brackets; late arrivals are still possible, although uncommon.
In Brazil, 99.5% of the population has access to electricity. Brazil has 4093 airports nationwide. There are 26,577,000 internet hosts in Brazil. The number of road motor vehicles per 1000 inhabitants in Brazil is 81.
Road network The total road length in Brazil is 1,751,868 km (1,088,793 miles). Out of them 11,000 km (6,837 miles) of roads are classified as motorways, freeways, or autobahns.
Gas price On average, you would pay 1.27 USD for one liter of gasoline in Brazil. One liter of diesel would cost 0.77 USD.
The logistics performance index of Macedonia is 2.5. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Customs performance is rated at 2.35. It indicates a mediocre performance - although somewhat ineffective, clearence porcesses do not overly discourage international business activity, occasionally fees and/or documents needed may be unpredictable, long clearance time can also be a problem.
Infrastructure quality in Macedonia is rated to be at 2.5. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.
International shipment quality is 2.38. It indicates a mediocre performance - the services provided are somewhat attractive to foreign customers and the price accurately matches the quality, which is still not very competitive.
The competence of logistics service providers is valued at 2.51. The providers are competent - they ensure a good quality in their services, maintaining this level at almost all times; flaws, while still possible, are usually minor and don't discourage the further employment of the providers.
Tracking possibilities for shipments are rated at 2.46. It indicates a mediocre performance - the tracking systems provide some degree of information which usually includes the most necessary topics, such as the current location of a shipment, the dates of arrival and departure and the status of a shipment; still, more detailed information about the status and multi-language accessibility options are usually lacking.
Tracking possibilities for shipments are rated at 2.81. It indicates a satisfactory performance - most of the shipments arrive timely and within the scheduled time brackets; late arrivals are still possible, although uncommon.
In Macedonia, 100% of the population has access to electricity. Macedonia has 10 airports nationwide. There are 62,826 internet hosts in Macedonia. The number of road motor vehicles per 1000 inhabitants in Macedonia is 28.
Road network The total road length in Macedonia is 14,038 km (8,725 miles). Out of them 259 km (161 miles) of roads are classified as motorways, freeways, or autobahns.
Gas price On average, you would pay 1.49 USD for one liter of gasoline in Macedonia. One liter of diesel would cost 0.86 USD.
As more and more jurisdictions open to foreign trade, companies can gain access to large pool of resources abroad. They can establish relationships with foreign partners and move their production to foreign locations or simply export their products to new markets. IT and software development businesses also seek to benefit from moving the production to foreign jurisdictions.
Generally, the main benefit for moving the software development abroad is lower costs in comparison to the home-country. For example, the cost of developing exactly the same software is 50% less in India if compared to the US. The savings generally come from lower labour costs, but moving the IT and software production abroad can also broaden company’s access to a wider pool of labour with higher skills and expertise. This might explain why 50% of American Fortune 500 businesses are using offshore IT and software development. Let us look at some of the jurisdictions where opening a software development business might be more beneficial in comparison to others and discuss the reasons why.
India India has long been one of the preferred outsourcing software development destinations for leading multinational companies around the world. This means that one of the biggest benefits of choosing India for your IT and software development business would be a multinational demand for outsourced software development services. Meanwhile, the company would enjoy relatively lower labour costs, wide pool of skilled labour and business-friendly environment with the government that promotes start-ups and small businesses. Additionally, due to favourable policy and economic initiatives by the Indian government, IT industry is expected to grow in early to mid-teens for the next few years.
United Kingdom London was recently described as the city that offers the most opportunities to businesses and ranked first for technology readiness. While low labour costs will not be one of the benefits of setting up a software development company in London, there are several other benefits that might compensate for relatively higher wages. Numerous hubs and incubators offer an environment for new start-ups and small businesses with all the necessary functions and support for less than 300 GBP per month. Also the government is committed to support software development and technology sector with such organizations as Tech City UK and Innovate UK with an aim to accelerate the growth of IT businesses. Meanwhile, various tax benefits are available to IT and software development companies in London. Other benefits to consider are skilled workforce and high-speed internet access.
Poland Eastern Europe is becoming increasingly attractive for IT and software development companies with Poland ranking as the number one Eastern European country. While Poland cannot offer as low labour costs as those in India, it can offer other benefits such as proximity to Western Europe and ability to find common working hours with the rest of the world. Poland also shares a cultural affinity with the Western world as well as other Eastern countries. It is also believed to provide better product quality and business environment in comparison to lower-cost destinations for software development businesses.
More jurisdictions to consider for registering an IT business can be found on each continent – each with their own benefits and peculiarities:
Americas: Brazil, Argentina and Chile; Asia/Pacific: China; Europe: Romania, Belarus and Ukraine. Above countries have large enough populations to have wide labour pool and good education systems to produce skilled software developers. Business risks in these countries are manageable and costs are reasonable in comparison to US, Canada and Western Europe.
It is important to remember, that while a particular jurisdiction can be considered to be the best place for incorporating an IT company for one entrepreneur, it may be unsuitable for another one. Consider the necessities that your business is most interested in. It can be a language, geographical location, regulation of particular activities, skilled workforce or costs.
Germany is a social market economy with a large capital stock, highly skilled labor force, high level of innovation and low level of corruption. It is the largest economy in Europe and the fourth largest nation in the world in terms of nominal GDP. In addition to the intelligent economy and productive market structure, Germany also offers investment opportunities in its real estate segment.
What impacts the German real estate market? Real estate market’s volatility can be explained by numerous macroeconomic as well as social factors of the country. Due to the European Central Bank’s policy of zero interest rate, mortgage interest rates remain record low providing historically favorable financing conditions. Furthermore, quantitative easing (QE) pursued by the ECB leads to higher liquidity increasing the investment pressure as investors are looking for potential investment opportunities with an above-average return in relatively safe sectors. QE also weakens the Euro making the German real estate market even more attractive to investors coming from outside of the Eurozone.
New projects and construction activity notably lags behind the growing demand leading to growing real estate prices. The German Property Index (GPI) which follows the return of all real estate investments in Germany reached 14.7% in 2016 which is a record level since German reunification. The demand for high-quality properties is increasing due to the demographic and macroeconomic trends in Germany – still ongoing urbanization and growing conurbation. Germany is experiencing a positive reversal in birth rates and other demographic factors. For example, the birth rate increased from 1.39 to 1.50 per woman from 2011 to 2015. In addition, Germany is experiencing a continuing migration surplus which manages to partly compensate the demographic imbalance.
Similarly, also commercial property, especially office spaces, experience a great demand due to record employment levels and low unemployment rates in addition to benefiting from the growing purchasing power and high propensity to consume. Logistics and storage properties are crucial to growing businesses and therefore in high demand due to the increasing numbers of wholesale and retail trade. Below is an overview from the main sectors of the German real estate market.
Residential Properties The residential property market has managed to recover from the financial crisis and the market stagnation in the years after 2009. The construction projects of residential properties have increased steadily in the previous years leading to approximately 277,000 completed housing units in 2016. In 2015, residential property construction with a total investment of 170 billion EUR accounted for 60% of the total construction volume in Germany. Despite a meaningful increase in the granted construction permits (375,400 granted permits in 2016) and record high levels of completed projects, the demand still significantly surpasses the volume of completed residential projects.
Future outlook expects an increase in new construction permit requests and reaching 272,000 units per year till 2020 and further slowing down to 230,000 units per year until 2030. Meanwhile, in the short term, the residential property could surge to 380,000 units due to increased immigration.
However, the demand levels for residential properties significantly differ from region to region. In some regions, the gap between the demand and available properties could close soon, particularly in Eastern Germany. Meanwhile, in some regions, particularly in thriving urban areas, the available housing units will remain very scarce.
Along with the insufficient supply, quoted rents have increased accordingly. Especially in large cities, the trend of growing rents has been rather dynamic. For example, the annual growth rate of housing rents in Germany has been around 1.7% since 2004. Meanwhile, rent increased by 3.9% and 3.5% annually in Berlin and Munich accordingly. Both cities experienced a 6% yearly growth in purchase prices in this real estate sector.
Office Properties Similarly as residential properties, also office properties’ market is in a good and forward-looking shape mainly due to positive migration balance and historically low unemployment rates. In 2016, approximately 3.9 million square meters of office space was rented in the top 7 cities in Germany. This indicates a growth of 12% in comparison to the previous period. A particularly dynamic development was observed in Frankfurt, Cologne and Stuttgart with growth rates ranging between 25% and 48.4%. Meanwhile, Hamburg, Dusseldorf, Munich and Berlin have experienced a cool-down in floor-space turnover in comparison to previous years.
The overall vacancy rate of office properties has decreased due to several factors: a dynamic demand, a slow expansion of floor space and high pre-letting rates. Across the top 7 cities mentioned above, the vacancy rate decreased by 0.7% points to 4.9%. In the top 7 real estate locations in Germany, the prime office rents range between 21 EUR/m2 and 37.50 EUR/m2 giving an attractive potential for investment return. This especially applies to Berlin, where rents have increased by more than 17% in comparison to 2015 reaching 28.7 EUR/m2. Currently, the highest office rents are in Frankfurt and Munich (37.50 EUR/m2 and 35 EUR/m2 accordingly).
Local investors retain the dominant market position accounting for around 60% of the total transaction activity in office property market. Meanwhile, foreign investors account for approximately two fifths (or 20.9 billion EUR) of the transaction volume.
Multinational companies and governments around the world are increasingly looking to Africa as a new business destination. Africa's economy has grown at a rate of around 5.3% per year over the last decade and six of the world's ten fastest growing economies are located here. These countries have a fast-growing middle class that contributes to rapid urbanization that is increasing faster than their cities' infrastructure can keep up. It is a common misconception that many economies in Africa are heavily dependent on energy production. In reality, the oil and gas sector accounted for only 11% of Nigeria's GDP in 2014, while the construction sector accounted for 20%.
When considering doing business in Africa, it is not a matter of choosing just one country or all 54; A regional approach makes more sense. Sub-Saharan Africa, for example, refers to sub-Saharan countries such as Angola, Kenya, South Africa and Nigeria. Many companies already doing business in Africa are separating their businesses in North Africa and Sub-Saharan Africa due to the stark economic, linguistic and cultural differences between the two regions. Here are our top 5 African countries for doing business:
Mauritius Mauritius is known for offering an extremely favorable business environment for investment and business growth. The process of incorporating a company and starting new business activities in Mauritius is believed to be straightforward and relatively easy. Mauritius' economy is mainly based on textiles, tourism, sugar and financial services, although recently other sectors such as renewable energy and information technology are expanding rapidly. The World Bank ranked Mauritius 49th in its Doing Business 2017 ranking, largely due to its pro-business approach to dealing with building permits, enforcing contracts and protecting minority investors. Another ranking of African countries places Mauritius first based on factors such as law and security, economy, human development and human rights.
Rwanda Despite nearly a decade of Rwanda's civil war, the country's leaders and citizens alike have worked to achieve a healthy business climate and a strong overall economy. According to the World Bank, Rwanda is the second easiest place to do business in Africa and ranks 56th in the Doing Business ranking. This is because the procedures for registering a property, obtaining credit and trading across borders have been greatly simplified. Tourism is currently the fastest growing sector in Rwanda. According to our research, businesses can be incorporated and operating in as little as three days.
Botswana Since gaining independence, Botswana has had one of the fastest per capita economic growth rates in the world. As the government works to diversify the country's profitable industries, the mining of diamonds and other precious metals is currently the main contributor to the country's economy. Recently, Botswana has managed to reduce the time it takes for various processes including import and export and business formation procedures. In addition, technological upgrades have reduced the average court length for commercial disputes to 625 days (from 987 days in 2008). Thanks to these improvements, Botswana ranks 71st in the World Bank's Doing Business 2017 ranking.
South Africa South Africa's key industries are automobile manufacturing, tourism, mining and information and communication technologies. South Africa has managed to simplify its import and export procedures, resulting in less time and fewer documents required. In addition, the South African authorities have simplified tax legislation, reducing the number of hours required to prepare tax reports. The World Bank ranked South Africa 74th for ease of doing business in 2017.
Kenya Another country to keep an eye on is Kenya, which is currently making huge investments in sectors such as telecom, transport and energy. With a tech-savvy workforce and high-speed internet, Kenya stands out as one of the top countries in Africa for tech startups, while its diversified economy, strong ownership rights, excellent tourism sector and improving infrastructure make it a great location for general start a new company. If you have further questions about company formation or banking in Africa. Please contact us now.
Warby Parker's Neil Blumenthal, who is the company's co-founder and co-CEO, commented that a startup is a company working to solve a problem where the solution is not obvious and success is not guaranteed, as in Forbes is mentioned. A more common description of a startup is a company or business that has recently started operations, as suggested in the American Heritage Dictionary.
Possible income, profits and employment figures play an important role when it comes to starting a business in the EU, especially when it comes to starting a business in the EU. Businesspeople can also delve into the 2015-year study showing progress made by each EU country to reduce the time and expense of paperwork required to start a business. There are also many different blogs and websites with reviews, numbers and opinions on the best business startup destinations that can be very helpful for business people looking for information.
There are also various rights and obligations for EU citizens willing to do business in the EU, which can relate to starting a business (even as a sole proprietor) in any EU country as well as Norway, Iceland or Liechtenstein.
Set up a company in the EU Startups usually require a lot of work to develop, test and market the business idea. This means that financing plays an important role in initiating business. It's possible to fund startups by getting small bank loans or credit unions, government-sponsored loans from the Small Business Administration, or grants from nonprofits and state governments. Therefore, there are several different funding programs that entrepreneurs can apply for depending on the type of their business, e.g. B. Direct support (grants and contracts) and indirect support (European Structural and Investment Funds).
1 in 5 EU founders have started a business abroad, some recent research shows. Access to capital plays an important role, but is also the strongest driver of startup migration in Europe. Another important factor is the starting location. The study "Startup Heatmap Europe 2017" names Munich and Berlin as some of the best places in Europe to found a company. Survey offered businesspeople a question Where would you start up if you could start over? and most participants (351) named Berlin, London (347), Amsterdam (241), Barcelona (162) and Lisbon (110) as the 5 most desirable locations. More than 1,000 founders took part in the study.
Berlin is valued for its pool of experts, well-functioning ecosystem, high standard of living and co-working culture, and low overheads. Berlin is also considered a good location for high-tech startups: hardware, fintech, biotech, big data, IoT, VR and internet startups: SaaS solutions, mobile apps and e-commerce. Another German city, Munich, also received a high rating, which was positively rated for its high-tech startups, Hamburg gained attention in the startup media.
London offers great business opportunities for capital-intensive startups. It has also long been recognized for its standard of living with a low cost of living, youthful population and international appeal. France and the Netherlands are also considered investment powerhouses. Munich (88%), TelAviv (82%) and Prague (82%) were named as the best places to look for talent. Tallinn (83%), Helsinki (71%) and Prague (64%) also stood out when it came to the ease and cost of doing business. The best access to capital can best be guaranteed in London (87%), TelAviv (82%) and Berlin (72%).
Taking into account all the given information, business people around the world decide which startup company destination suits them better or which country, city is more suitable for the implementation of their cherished business ideas.
The logistics performance index of Montenegro is 2.88. It indicates satisfactory performance - in general traffic is handled well, some shortcomings in certain areas are possible, but overall the logistics system is reliable and ready to handle predictable traffic volumes.
Inch performance is rated at 2.83. This indicates satisfactory performance - the customs clearance procedure is generally effective, although a long time can occasionally be a problem; the customs system certainly does not discourage international business activities; required documents and fees are generally publicly available.
Infrastructure quality in Montenegro is rated at 2.84. It indicates a satisfactory quality - roads, railways, ports and other facilities are capable of handling significant traffic at any time, and are also suitable for various types of transport vehicles and ships.
The international shipping quality is 3.15. It indicates satisfactory performance - the services are reasonable and the prices are not too high and usually correspond exactly to the quality, although there is still room for improvement.
The competence of logistics service providers is rated at 2.45. The providers are of mediocre competence - they can ensure a certain quality of their services, sometimes even outstanding, although their overall performance can still be deficient in many aspects.
Tracking options for shipments are rated at 2.76. It indicates satisfactory performance - the tracking systems provide all the basic information, as well as additional data about shipments; Mostly it also has a well-established cooperation with foreign and international tracking systems and usually offers information in several languages.
Tracking options are rated at 3.19. This indicates satisfactory performance - most shipments arrive on time and within scheduled time frames; late arrivals are still possible, albeit uncommon.
In Montenegro, 100% of the population has access to electricity. Montenegro has 5 airports nationwide. There are 10,088 internet hosts in Montenegro. The number of road motor vehicles per 1000 inhabitants in Montenegro is 26.
Road network The total road length in Montenegro is 7,763 km (4,825 miles). Of these, 0 km (0 miles) of roads are classified as freeways, dual carriageways, or freeways.
Gas price On average, one liter of petrol costs USD 1.6 in Montenegro. A liter of diesel would cost $1.06.
The logistics performance index of Jordan is 2.87. It indicates satisfactory performance - in general, traffic is handled well, some shortcomings in certain areas are possible, but overall the logistics system is reliable and ready to handle predictable traffic volumes.
Customs performance is rated at 2.6. This indicates satisfactory performance - the customs clearance procedure is generally effective, although a long time can occasionally be a problem; the customs system certainly does not discourage international business activities; required documents and fees are generally publicly available.
The infrastructure quality in Jordan is rated at 2.59. It indicates a satisfactory quality - roads, railways, ports and other facilities are capable of handling significant traffic at any time, and are also suitable for various types of transport vehicles and ships.
International shipping quality is 2.96. It indicates satisfactory performance - the services are reasonable and the prices are not too high and usually correspond exactly to the quality, although there is still room for improvement.
The competence of logistics service providers is rated at 2.94. The providers are competent - they ensure a good quality of their services and almost always maintain this level; Deficiencies, while still possible, are usually minor and do not discourage further use by providers.
Tracking options for shipments are rated at 2.67. It indicates satisfactory performance - the tracking systems provide all the basic information, as well as additional data about shipments; Mostly it also has a well-established cooperation with foreign and international tracking systems and usually offers information in several languages.
Tracking options for shipments are rated at 3.46. This indicates satisfactory performance - most shipments arrive on time and within scheduled time frames; late arrivals are still possible, albeit uncommon.
In Jordan, 99.5% of the population has access to electricity. Jordan has 18 airports nationwide. There are 69,473 internet hosts in Jordan. The number of road motor vehicles per 1000 population in Jordan is 188.
Road network The total road length in Jordan is 7,203 km (4,477 miles). Of these, 0 km (0 miles) of roads are classified as freeways, dual carriageways, or freeways.
Gas price On average, a liter of gasoline costs USD 1.27 in Jordan. A liter of diesel would cost $0.57.
Montenegro is considered a developing country. A nation's stage of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developing country, Montenegro may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Citizens of developing countries can have a lower life expectancy than citizens of developed countries. Montenegro exports about US$0.49 billion and imports about US$2.4 billion each year. 16% of the country's population is unemployed. The total number of unemployed in Montenegro is 100,675. In Montenegro, 8.6% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Montenegro is low, indicating that there is a stable economy. Investors should consider Montenegro as a safe location for investments and other financial ventures. The country's Gini index is 26.2. Montenegro experiences a high level of equality. The income differences between citizens are only slightly significant. Montenegro has a Human Development Index (HDI) of 0.789. Montenegro has a high HDI score. This suggests that the majority of citizens will be able to live a worthwhile life while providing significant help and support to citizens with lower living standards. The Global Peace Index (GPI) for Montenegro is 1.854. Due to the strong presence of the law enforcement authorities and the high level of social responsibility, Montenegro is very safe in international comparison. The strength of the rights index for Montenegro is 12. Overall, it is considered to be quite strong – bankruptcy and collateral laws can protect the rights of borrowers and lenders quite well; Credit information is plentiful and easily accessible.
Currency The currency of Montenegro is the euro. There are several plural forms of the name "euro". These are euros, euros. The symbol used for this currency is €, abbreviated to EUR. The euro is divided into cents; 1 euro is 100.
Credit rating The depth of credit information index for Montenegro is 5, which means that the information is usually sufficient and easily accessible, although occasionally some necessary details may be missing. According to the rating agency S&P, Montenegro has a credit rating of BB- and the prospects for this rating are negative. According to the rating agency Moody's, Montenegro has a credit rating of Ba3 and the prospects for this rating are stable.
Central bank In Montenegro, the institution that manages the state's currency, money supply and interest rates is called the Central Bank of Montenegro. Locally, the Central Bank of Montenegro is called Centralna Banka Crne Gore. The average interest rate on deposits offered by local banks in Montenegro is 2.1%.
National debt Montenegro has a public debt equivalent to 81% of the country's gross domestic product (GDP) as estimated in 2012.
Control information Corporate tax in Montenegro is 9%. Personal income tax ranges from 9% to 15% depending on your specific situation and income level. VAT in Montenegro is 19%.
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15.10.2024 12:27
