10 Best Countries for Digital Nomads to
10 Best Countries for Digital Nomads to Register Their Company
In today’s COVID-struck world, the number of digital nomads has been rising by the day.
When people got confined to their house boundaries and couldn’t go out to conduct their business activities, many of them started earning online to meet their needs.
Turns out, earning online is a solid way to make money; it’s even better than office-based jobs in many cases. However, if you want to build a business online, you need to register the company somewhere. Luckily, the place of registration doesn’t have to be your own country as you will conduct your business activities online anyway.
That’s where the option to register your company in foreign countries comes into play.
You see, registering your company in a suitable country or state could be beneficial for you, even more so than doing it in your own area.
In this article, we enlist the top 10 countries that are suitable for digital nomads to register in.
Let’s dive in.
Hong Kong
Hong Kong is one of the best options for foreign company registration. When you set up your business in Hong Kong, you have to pay 0% yearly income tax.
Other perks include a relatively advanced operational process for modern companies, advanced technology, and the ease of setting up a new company.
Singapore
A newly registered Singapore-based business doesn’t have to pay taxes for the first three years of its lifetime. Furthermore, there are many other tax benefits and incentives that can benefit small businesses and startups.
Pakistan
Pakistan is the fastest-growing Asian country when it comes to freelancing. The number of talented, individual workers has risen dramatically over the last few years, making it one of the top freelancing countries in the world. That means when you set up a digital business in Pakistan, you will have easy access to a wide array of talented freelance services.
Other perks include affordable lands & labor, and the ease of registering a new company. Furthermore, you can land some of the best deals for wholesale products in the textile, sports, and surgical sectors in Pakistan.
United Kingdoms
eCommerce is one of the fastest-growing industries in the world. And the UK is Europe’s biggest eCommerce hub. Digital nomads from dozens of countries around the globe are setting up their eCommerce businesses in the UK.
United States
America is filled with opportunities for digital nomads. Being the biggest freelancing country in the world, as well as one of the most technically advanced to date, you can’t go wrong with starting a new business in the U.S.
However, the U.S. also has one of the toughest competitions you could ever face, so make sure you’re building something innovative and appealing.
India
India could be a great option as the labor costs are some of the cheapest you can find; plus, the land to set up physical offices is affordable.
Furthermore, the IT infrastructure of India has been growing tremendously over the years, so you will have no shortage of domestic talent.
Andorra
Andorra has given rise to a new digital nomad law that greatly boosts its appeal to digital nomads and innovative workers.
There are tons of opportunities to explore and set up digital businesses.
Denmark
If you’re looking for a Europe-based business that’s easy to register a business in, you might want to consider Denmark. Plus, changing your employment structure is as easy as it gets, so scaling and growing to outer markets is a breeze.
New Zealand
Another country where it’s incredibly easy to register a new business in. Registering a company takes only 1 day here, plus, lending property to set up an office is only a 2-day process.
Norway
If you want to completely eliminate the need to go to the country where you’re setting up the company, consider Norway. Here, you don’t need any physical reference or presence to open bank accounts and register companies — it all can be done remotely.
Final words
So, there you have it. These are the top 10 countries that are suitable for digital nomads to register companies, invest, and run a digital business in.
Each has its pros and cons; pick the one that fits right with your business idea and model.