The Best Countries to Start a Business in 2025

(And How to Get Residency)

I always saw myself doing international business after launching my first LLC in 2010. I even pursued my Master’s Degree in International Business during that time. I always knew that at some point, I’d expand beyond doing business domestically in the U.S.

However, as the years passed, I got comfortable doing business domestically. I've built several sustainable and successful businesses that has allowed me to provide an excellent quality of life for my daughter and me.

But as the tide has turned, especially in the wake of the 2024 US elections, this vision is no longer just a distant goal. It’s a current reality. And honestly, it makes more sense than ever, especially when you run the numbers. 

Why keep all your income tied to one country when the world is open for business?

Many entrepreneurs are waking up to the fact that diversifying their income, assets, and even residency is one of the smartest moves they can make for building wealth and long-term financial stability.

If you've been considering expanding your business internationally, here are 4 of the best countries to do it in 2025, and how you can make it happen.

1. Singapore 🇸🇬 – Best for Startups & Business Growth

Photo: Marina Bay Sands in Singapore

Ranked as one of the best places to start a business, Singapore offers a low corporate tax rate, political stability, and strong startup ecosystem.

✅ Business-Friendly Policies – Ranked among the easiest places to start a business in the world.

✅ Low Corporate Tax – Only 17%, with further tax incentives for startups.

✅ Strong Financial Hub – Home to Asia’s top fintech and investment firms.

The $1 trillion industry that is shifting Asia’s economy

Helpful Resources:

• Singapore Economic Development Board – Business incentives and grants for startups.
• Accounting and Corporate Regulatory Authority (ACRA) – Business registration portal.
• Singapore Startup Grants & Funding – Government-backed startup support programs.

💰 Best for: Entrepreneurs in finance, e-commerce, and tech startups.

2. Panama 🇵🇦 – Banking & Residency Perks

Photo: View from Ancon Hill - Panama City, Panamá 

Panama is a rising star for international entrepreneurs, offering territorial tax benefits, strong banking, and easy residency options.

✅ No Tax on Foreign Earned Income – Panama only taxes local income, making it an ideal base for global entrepreneurs.

✅ Strong Banking System – Secure, private banking with access to USD accounts.

✅ Affordable Business Setup – Fast incorporation process and low-cost registration.

✅ Residency & Citizenship Perks – Programs like the Friendly Nations Visa make it easy to get residency and eventually a Panamanian passport.

Helpful Resources:

• Panama Immigration & Friendly Nations Visa – Residency and visa programs.
• Panama Business & Corporation Registry – Company registration details.
• Panama Banking Information – Guide to opening bank accounts in Panama.

💰 Best for: Entrepreneurs in finance, e-commerce, and international consulting.

3. Lagos 🇳🇬 – Africa’s Booming Tech & Finance Hub

Photo: Lagos Island's Commercial District

Lagos is Africa’s fastest-growing business city, home to billion-dollar startups in fintech, e-commerce, and logistics.

✅ Huge Market Potential – Nigeria has over 200 million people, making it a prime consumer and tech market.

✅ Startup & Tech Boom – Home to leading fintech companies like Flutterwave & Paystack.

✅ International Investment – More funding is pouring into Lagos than any other African city.

Helpful Resources:

• Lagos State Government Business Portal – Business registration and tax information.
• Nigeria Startup Act – Laws and incentives for tech entrepreneurs.
• Tony Elumelu Foundation – Grants and funding for African entrepreneurs.

💰 Best for: Tech startups, fintech, and businesses targeting Africa’s massive consumer market.

4. Dubai 🇦🇪 – Tax-Free, Global Hub

Photo: Dubai Skyline at the Dubai Creek

Dubai is a hotspot for entrepreneurs due to its zero income tax, world-class infrastructure, and access to global markets.

✅ Tax-Free Income – No personal income tax, and many businesses qualify for corporate tax exemptions in free zones.

✅ Business-Friendly Regulations – Fast company registration and 100% foreign ownership allowed in many sectors.

✅ Strategic Location – Ideal for international trade, positioned between Europe, Asia, and Africa.

🔗 Helpful Resources: 

• Dubai Department of Economy & Tourism – Business setup guides and regulatory information.
• Dubai Free Zones – List of tax-free zones for company formation.
• UAE Golden Visa Program – Long-term residency options for entrepreneurs and investors.

💰 Best for: Entrepreneurs in finance, logistics, tech, and luxury industries.

Final Thoughts: Which Country Is Best for You?

Each of these locations offers unique advantages depending on your business goals:

✅ Want a tax-free business environment? → Dubai or Panama might be your best bet.

✅ Looking for a booming startup scene? → Singapore or Lagos are ideal.

✅ Need strong banking & residency options? → Panama offers great financial flexibility.

No matter where you decide to expand, having a second passport or residency can give you even more freedom in business and travel.

Need More Inspiration?

If none of these options stand out for you, and you want more ideas on other great places to do Business in 2025? Watch the following video!

5 Best Countries Offering Easy Permanent Residency & Citizenship in 2025!

✈️ Get Your Passport & Start Your Business Journey!

If you’re serious about building a global business and lifestyle, make sure your passport & visa game is on point.

Whether you need a new passport, second residency, or international business consulting, here are some helpful resources to get started:

🔗 How to Apply for a Passport – U.S. passport application & renewal.

🔗 Golden Visas & Residency by Investment – Best countries offering residency & citizenship for entrepreneurs.

🔗 Nomad Capitalist – Tax, banking, and passport solutions for global entrepreneurs.

Which country would YOU choose to start your business? Vote in the YouTube poll and let me know in the comments! 👇🏽

🔗 VOTE & JOIN THE DISCUSSION HERE