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Top 5 Countries For Nigerians, Other Foreigners Looking To Start A Business Abroad
Published
4 months agoon
By
Editor
Starting a business in foreign countries can be a game-changer, but choosing the right destination is crucial.
This guide highlights the best countries for international entrepreneurs based on business-friendly policies, low taxes, and market access.
Top Countries for Foreign Entrepreneurs
1. Singapore
Singapore is one of the top choices for international entrepreneurs due to its strategic location, strong economy, and business-friendly environment. The country offers a stable political climate, world-class infrastructure, and a highly skilled workforce, making it an attractive destination for startups and multinational companies alike.
One of Singapore’s biggest advantages is its low corporate tax rate of 17%, with multiple exemptions for startups, including the Start-Up Tax Exemption (SUTE) scheme. In addition to its favorable tax policies, Singapore provides a highly efficient business registration process, allowing companies to be incorporated within a day.
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Singapore also boasts extensive trade agreements, making it easier for businesses to access global markets. These agreements simplify import/export processes and reduce trade barriers, helping businesses scale faster. The government further supports innovation through grants and incentives, making it an ideal location for startups and tech firms.
2. Hong Kong
Hong Kong is another top destination for entrepreneurs due to its strategic location and business-friendly regulations. As a major financial hub, Hong Kong offers a low and simple tax system, with a corporate tax rate capped at 16.5%. There is no VAT, capital gains tax, or withholding tax, making it highly attractive for business owners looking to maximize profits.
Hong Kong’s proximity to Mainland China provides businesses with direct access to one of the largest consumer markets in the world. The city also has a transparent and well-established legal system based on British common law, offering strong protections for businesses and intellectual property.
Setting up a business in Hong Kong is a seamless process, with minimal bureaucracy and a fast incorporation process. Entrepreneurs can establish a company within days, and there are numerous government initiatives supporting business growth, particularly in finance, technology, and trade.
READ ALSO: Top 10 Safest Cities In The World
3. United Kingdom
The UK is an excellent choice for foreign entrepreneurs due to its strong economy, well-developed infrastructure, and business-friendly policies. It has one of the most competitive corporate tax rates among G20 countries, making it attractive for startups and established businesses alike.
The UK is committed to fostering innovation and research, offering numerous incentives for businesses in technology, healthcare, and finance. The government provides tax relief for R&D investments, and various startup accelerators and funding programs are available to help businesses grow.
Another key advantage of doing business in the UK is its skilled workforce. The country has introduced new visa routes, such as the High Potential Individual and Scale-up visas, to attract global talent. Operating in an English-speaking environment simplifies communication and global expansion, making it more attractive to a wider foreign audience.
4. New Zealand
New Zealand consistently ranks high in the Ease of Doing Business Index, thanks to its straightforward company registration process, stable economy, and supportive business environment. Foreign entrepreneurs can set up a business in as little as a day, with minimal regulatory hurdles.
The country offers a high quality of life, government-funded universal healthcare, and a favorable work-life balance, making it an attractive location for business owners and their families. Additionally, New Zealand provides access to key markets in the Asia-Pacific region, allowing businesses to expand easily.
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Government support for businesses is strong, with initiatives aimed at helping startups succeed. New Zealand also has a strong focus on sustainability, making it an excellent choice for entrepreneurs in green technology, agriculture, and renewable energy industries.
5. United Arab Emirates
The UAE is a major business hub with numerous advantages for entrepreneurs. One of the biggest attractions is its zero corporate tax policy in many free zones, allowing business owners to retain more of their profits.
Located at the crossroads of Europe, Asia, and Africa, the UAE offers unparalleled strategic access to international markets. Dubai and Abu Dhabi serve as global trade centers, making them ideal locations for logistics, finance, and technology companies.
Setting up a business in the UAE is quick and efficient, with various free zones providing incentives such as full foreign ownership, repatriation of profits, and streamlined visa processes. The country’s world-class infrastructure and business-friendly laws further enhance its appeal.
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Headline
Former NBA Player Ben McLemore Convicted Of Raping Incapacitated Woman
Published
10 hours agoon
July 4, 2025By
Editor
An Oregon jury found former Houston Rockets guard Ben McLemore guilty on Thursday of raping a woman in while playing for the Portland Trail Blazers in 2021.
Deliberations lasting around 10 hours after an 11-day trial concluded with the jury in Clackamas County finding McLemore, 32, guilty on one charge of first-degree rape, one charge of first-degree unlawful sexual penetration and one count of second-degree sexual abuse. He was found not guilty on an additional count of second-degree sexual abuse.
McLemore pleaded not guilty to all four counts before the verdict. His sentencing is scheduled for 10:30 a.m. Wednesday, July 9.
READ ALSO:UK Police Charge Ex-Arsenal Midfielder Thomas Partey With Rape
The charges stem from a report of sexual assault in Lake Oswego, Oregon, on Oct. 3, 2021. McLemore was identified as a suspect during a police investigation.
A Clackamas County grand jury heard evidence in the case in February 2024, which included testimony from the woman who said McLemore assaulted her. He was indicted and an arrest warrant was issued, according to Lake Oswego police. McLemore was arrested by U.S. Marshalls two months later.
Clackamas County prosecutor Scott Healy reportedly told jurors the victim found herself being sexually assaulted by McLemore while partially conscious the morning after a party.
READ ALSO:UK ‘Was Informed Of US Strikes’ On Iran, Plans Evacuating Briton Out of Israel
Healy said that the victim had been drinking heavily at the party and had passed out on a living room couch at the party around 2 a.m.
McLemore’s attorneys reportedly disputed the victim’s account, claiming she had initiated sexual contact with McLemore and had consented to it. They also claimed that despite the victim and McLemore both being intoxicated, the victim was sober enough to consent.
McLemore played parts of two seasons with the Rockets from 2019-2021. He was the seventh pick in the 2013 draft out of Kansas and played for five teams across nine NBA seasons. After playing the 2021-2022 season with the Trail Blazers, McLemore went overseas to continue his playing career. He has played for teams in China, Greece, Spain and Turkey over the last three years.

The Kremlin said on Friday that it sees no immediate diplomatic way out of the war in Ukraine, hours after launching its largest ever drone and missile barrage of the invasion.
The hours-long bombardments across Ukraine came just after a telephone call between the US and Russian presidents ended without any breakthrough.
AFP journalists in Kyiv heard drones buzzing over the capital and explosions ringing out throughout the night as Ukrainian air defence systems fended off the attack.
“We are interested in achieving our goals in the course of the special military operation and it is preferable to do it by political and diplomatic means,” Kremlin spokesman Dmitry Peskov told reporters, referring to its invasion, launched in February 2022.
“But as long as that is not possible, we are continuing the special operation,” he said in a briefing, including with AFP.
READ ALSO:Russian Strikes Kill Five In Ukraine
US President Donald Trump had said he made no progress in discussions one day earlier with President Vladimir Putin on ending the war, while the Kremlin vowed to pursue its war aims.
A senior Ukrainian official told AFP that Trump and Ukrainian leader Volodymyr Zelensky were planning to speak later on Friday.
Tymur, a Kyiv resident who said he had experienced previous Russian attacks, told AFP that the assault in the early hours of Friday was different.
“Nothing like this attack had ever happened before. There have never been so many explosions,” he said.
– ‘War and terror’ –
Zelensky said air alerts had begun echoing out across the country as the Trump-Putin call was getting underway.
“Yet again, Russia is showing it has no intention of ending the war and terror,” Zelensky said on social media.
READ ALSO:Children Killed As Russia Launches Largest Air Attack On Ukraine
“All of this is clear evidence that without truly large-scale pressure, Russia will not change its dumb, destructive behaviour.”
He urged the United States in particular to increase pressure on Moscow, which on Friday announced fresh territorial gains on the front line with the capture of a village in the Donetsk region.
Poland said its embassy building in Kyiv had been damaged in the attack but that staff were unharmed.
Germany’s foreign ministry meanwhile said that the timing of the attack — just after the leaders’ call — showed that Moscow “continues to rely on brute force”.
“Ukraine needs more to defend itself, not less,” the ministry said on social media.
A government spokesman said Germany was exploring the possibility of purchasing more Patriot air defence systems from the United States for Ukraine.
READ ALSO:Ukraine Worries Iran-Israel War Will Boost Russia’s Aggression
Zelensky said 23 people were wounded in the barrage, which the air force said comprised 539 drones and 11 missiles.
A representative of Ukraine’s air force told Ukrainian media that the attack was the largest of the Russian invasion, launched in February 2022.
– ‘Complete disregard’ –
Overnight Russia attacks have escalated over recent weeks.
An AFP tally found Moscow launched a record number of drones and missiles at Ukraine in June when direct peace talks between Kyiv and Moscow appeared to stall.
In Kyiv, AFP journalists saw dozens of residents of the capital taking shelter in a metro station.
Yuliia Golovnina, who said she shelters at the metro regularly, described to AFP the worry that comes with hearing an explosion during an attack.
“Will there be another one? Will something collapse on you?” the 47-year-old said.
READ ALSO:Ukraine Worries Iran-Israel War Will Boost Russia’s Aggression
“So in those seconds, you just hold your breath and wait to see what happens next,” she added.
In Kyiv, concerns mount over whether the US will continue delivering military aid, which is key to Ukraine’s ability to fend off the drone and missile barrages.
The US announced this week it was reducing some of its aid deliveries.
European Commission President Ursula von der Leyen said this was a clear signal that the 27-nation European Union needed to “step up”.
Ukraine has also ramped up its retaliatory strikes in Russia, where a woman was killed when a Ukrainian drone crashed into an apartment building, the acting regional governor in Rostov said.
Talks, spearheaded by the United States to secure a ceasefire, have stalled but Ukraine and Russia announced a fresh swap of prisoners of war with Ukraine.
The two sides said it was part of agreements reached during talks in Istanbul last month.
AFP
Headline
We’re Ready To Start Gaza Ceasefire Talks ‘Immediately’ – Hamas
Published
11 hours agoon
July 4, 2025By
Editor
Hamas said Friday it was ready to start talks “immediately” on a proposal for a ceasefire with Israel in Gaza, after holding consultations with other Palestinian factions.
“The movement is ready to engage immediately and seriously in a cycle of negotiations on the mechanism to put in place” the terms of a draft truce proposal received from mediators, the militant group said in a statement.
READ ALSO: Hamas Attacks Aid Workers In Gaza, Kills Five
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