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Top 5 Countries For Nigerians, Other Foreigners Looking To Start A Business Abroad

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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

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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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READ ALSO: Top 10 African Countries With Shortest Work Schedules

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

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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.

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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.

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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

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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.

READ ALSO: Top 5 Countries With The Shortest People

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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.

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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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South African Ambassador Found Dead Outside Paris Hotel

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South Africa’s ambassador to France, formerly a long-serving cabinet minister, was found dead on Tuesday outside a Paris hotel after the window of his room in the high-rise building was forced open, prosecutors said.

Nkosinathi Emmanuel Nathi Mthethwa, 58, usually known as Nathi Mthethwa, had “reserved a room on the 22nd floor whose secured window had been forced open,” the office of the Paris prosecutor told AFP.

The body of Mthethwa, a close associate of former South African president Jacob Zuma, was found “directly by the hotel”, it added.

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A source close to the case, who asked not to be named, said the ambassador suffered from depression and his death could have been suicide.

READ ALSO:Men Can Take Wives’ Surnames —South Africa’s Top Court Rules

An investigation has been opened.

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Mthethwa had been ambassador since December 2023.

In a statement released in Pretoria, South African Foreign Minister Ronald Lamola said he had “no doubt that his passing is not only a national loss but is also felt within the international diplomatic community”.

The circumstances of “his untimely death” are under investigation by the French authorities, the statement confirmed.

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The ambassador’s disappearance was reported on Monday by his wife, who said she “received a worrying message from him in the evening,” the prosecutor’s office said.

READ ALSO:Egypt, South Africa Universities Beat Nigeria At Global QS Rankings

Mthethwa served as minister of arts and culture of South Africa from 2014 to 2019, and then of sports, arts and culture until 2023, according to his embassy website.

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He was also police minister from 2009 to 2014 and security minister from 2008 to 2009.

Mthethwa also served on the board of directors of the 2010 football World Cup local organising committee.

Between 2007 and 2022, he was a senior official in the African National Congress (ANC), the ruling party since the first post-apartheid democratic elections in 1994.

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He worked underground within the ANC’s military wing during apartheid and was notably arrested during the state of emergency in 1989.

 

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Afghanistan’s Taliban Release US Citizen

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Afghanistan’s Taliban government released an American citizen from detention on Sunday, a week after freeing an elderly British couple.

In a statement, the ministry identified the detainee as Amir Amiri and said he had been handed over to Adam Boehler, Washington’s special envoy on hostages.

Boehler made a rare visit to Kabul earlier this month to discuss the possibility of a prisoner exchange with the Taliban government.

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The Islamic Emirate of Afghanistan released an American citizen named Amir Amiri from prison today,” the Foreign Ministry on X, using the official name for the government.

“The Afghan government does not view the issues of citizens from a political angle and makes it clear that ways can be found to resolve issues through diplomacy.”

READ ALSO:Taliban Detains 14 For Playing Music, Singing At Afghanistan Private Gathering

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Little is known about Amiri’s case, as it has not been widely reported.

An official with knowledge of the release said Amiri, who is 36, “had been detained in Afghanistan since December 2024”.

The official added that Amiri would stop briefly in Doha, Qatar for medical checks before continuing back to the United States.

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US Secretary of State Marco Rubio welcomed the release of Amiri, said he had been “wrongfully detained” in Afghanistan, and thanked Qatar for helping to get him freed.

President Donald Trump “has made it clear we will not stop until every American unjustly detained abroad is back home,” Rubio wrote on X.

In January two Americans were freed in exchange for an Afghan fighter, Khan Mohammed, who was convicted of narco-terrorism in the United States.

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READ ALSO:Taliban Court Publicly Flogs Woman For Illicit Relationship, Running Away From Home

Another American, airline mechanic George Glezmann, was freed after more than two years in detention during a March visit to Kabul by Boehler.

At least one other US citizen, Mahmood Habibi, is being held in Afghanistan. The United States is offering a $5 million reward for information leading to his capture.

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The Taliban authorities deny any involvement in his 2022 disappearance.

Just a week ago, Britons Peter Reynolds, 80, and his wife Barbie, 76, were released from a Kabul prison after almost eight months in detention. The Taliban authorities did not say why they were detained.

The couple was arrested in February and first held in a maximum security facility, “then in underground cells, without daylight, before being transferred” to the intelligence services in Kabul, UN experts have said.

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READ ALSO:1.4 Million Girls Banned From Afghan Schools Since Taliban Return – UNESCO

The couple married in Kabul in 1970 and have spent almost two decades living in Afghanistan, running educational programmes for women and children. They also became Afghan citizens.

All the releases have been mediated by Qatar.

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Both the US and the UK, like many other Western nations, warn against all travel to Afghanistan.

Russia is the only country to have officially recognised the Taliban government, which has imposed a strict version of Islamic law and been accused of sweeping human rights violations.

Dozens of foreign nationals have been arrested since the group returned to power in August 2021, when most embassies withdrew their diplomatic presence.

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The Taliban government says it wants to have good relations with other countries, notably the United States, despite the 20-year war against US-led forces.

 

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One Dead, Several Injured After US Shooting, Fire At Mormon Church

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One person was killed and several others injured Sunday after a shooter targeted a Mormon church in the US state of Michigan, where the building was also set on fire, authorities said.

The suspect, a 40-year-old man from a nearby town, was shot dead by law enforcement after the attack, police said, without specifying any possible motive.

President Donald Trump called the shooting “horrendous” and said on his Truth Social platform it “appears to be yet another targeted attack on Christians in the United States of America.”

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Images from the scene showed emergency services escorting people on stretchers and a large plume of dark smoke at the Church of Jesus Christ of Latter-day Saints in Grand Blanc Township.

READ ALSO:Head Of Mormon Church Is Dead

Local police chief William Renye told reporters the suspect drove his vehicle through the front doors of the church and then began firing at people inside with an assault rifle.

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He said the service was active with “hundreds of people within the church.”

Authorities believe the gunman also deliberately set fire to the church before he was killed by responding police officers, Renye said.

Ten gunshot victims were transported to hospital, including one who has died, the official said.

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He added that the fire had been extinguished but that “we do believe that we will find additional victims once we have that scene secure.”

A woman who lives near the church told AFP: “My husband heard people screaming, one lady yelling for help.”

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FBI agents are on the scene to assist the investigation, chief Kash Patel said on X.

Violence in a place of worship is a cowardly and criminal act. Our prayers are with the victims and their families during this terrible tragedy,” he wrote.

Attorney General Pam Bondi also said she had been briefed on the incident.

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