Top 3 Countries in Asia to Start a Startup

Which Asian countries are open to tourists and which are not

Traveling to Asian countries allows you to immerse yourself in another culture and experience many new emotions, supplement the baggage of memory with vivid experiences. Traveling in Asia can also significantly affect your budget, but here you can use simple tips that will allow you to easily save money.

Shopping for groceries

The basic needs in travel, and indeed everywhere, includes the need for food. The rule here is the same as in many other countries - it is best to buy in the markets and cook it yourself, or just eat fresh food. In addition, in some Asian markets there are food stalls and a lot of delicious and simple dishes.

Please note. Market stalls should not be confused with street food on carts and kiosks. Street food is more expensive.

Water will also need to be taken care of, as water is most often bought in Asia. In order not to spend too much, you need to look for vending machines far from tourist areas (where a bottle of water is much cheaper) or boil water, for example, in a rice cooker and bottle it.

Originals and Forgeries

There are a lot of fakes in Asia. Of course, there are large retail chains and supermarkets and, in general, they sell only licensed and original goods everywhere. But if you talk a little with the merchant or do some research, you will realize that there is an opportunity to buy cheaper locally produced goods everywhere.

This fact applies to everyday goods (for example, cigarettes or hygiene products) and to something more substantial. Knowing this can also come in handy on a trip.

Take your medicine with you

A pack of activated carbon in Asia is an integral part of a tourist's kit. Specific food, as well as not always clean water, can cause diarrhea. In addition, you need to carry with you a standard set of medicines, both for colds and pain relievers, and the rest.

Available flights

Airasia is now one of the best and most affordable low-cost airlines in the world. That is why it is convenient to travel around different Asian countries by plane.

5 life hacks for budget travel in Asia

Why is launching a startup in Asia so popular? Quite simply, Asia is becoming home to some of the world's most daring, innovative and technologically valuable projects. Business owners are fascinated by Asian cities, and the reason for this trend is simple. A strong economy, relatively low cost of doing business, a highly educated population and a developed business environment help to attract the attention of investors and venture capitalists.

Why launch a startup in Asia?

According to research company Aranca, in 2014 alone, USD 39 billion was invested in Asia. The workforce in Asia is growing rapidly, and talented professionals have long acquired all the necessary knowledge of business processes that are important for launching startups. Universities in Asia have also received international recognition for their high quality education system. For example, the University of Hong Kong and the Indian Institute of Science in Bangalore produce competent engineers and entrepreneurs. Another important point is the availability of modern technologies and e-commerce. So in 2014, these technologies took 27% of investments. The Asian market is growing rapidly thanks to its large population and innovation. It's no secret that China is close to becoming the world's largest economy by 2020. And according to analysts, India is likely to rank fourth globally by 2025. After examining the Asian market, we want to highlight several countries for starting a business, ranked according to business environment, taxation and general benefits for foreign entrepreneurs.

Dubai

Dubai is one of the seven emirates that make up the United Arab Emirates and is conveniently located at the crossroads between Asia, Africa and Europe. Incredible investor opportunities can be found at the Dubai International Financial Center - a special economic zone that offers an international and business ecosystem, with strong government backing. Business registration in Dubai is straightforward and the United Arab Emirates does not tax commercial income for most types of businesses (exceptions include oil and gas companies and branches of foreign banks). Investing in housing, professional services, banking or wealth management are just a few examples of business opportunities in Dubai.

Singapore

The Asian city of Singapore is one of the best options for entrepreneurs and startup owners, offering a very attractive business environment with low taxes for companies and an easy company formation procedure. The city-state has a strong economy based on innovation and a high level of infrastructure, where English is widely spoken, which is undoubtedly another advantage for foreign entrepreneurs. The standard corporate income tax rate in Singapore is 17%, although there is no tax on 75% of the first SGD 10,000 of normal taxable income and 50% of the next SGD 290,000. Singapore can be a suitable choice for investors looking for a good start-up ecosystem in the Asia Pacific region. Singapore ranks second in the international ranking for ease of doing business, so opening a company in Singapore is not difficult for foreign investors.

Hong Kong

Hong Kong is often a competitor to Singapore in terms of business advantages and ease of doing business. Foreign investors have access to a low tax regime, simplified company registration and many types of legal entities suitable for both small, medium and large businesses. The standard corporate income tax in Hong Kong is 16.5% and for unincorporated businesses it is 15%. Foreign companies can expand their activities in Asia by opening a branch in Hong Kong. Hong Kong is often a city of choice for investors who can benefit from starting a company in an international business environment while being close to mainland China.

There is no doubt that the startup ecosystem in Asia will continue to thrive. Business infrastructure is improving in many Asian countries, and various programs at the state level are showing their support and interest in investment. Continuous improvement in Asia will certainly provide a robust ecosystem for startups in the future. Well, if you still do not know where to start launching a startup in Asia, write to us at info @ offshore-pro. nfo, our experts will help you find the perfect country to develop the best business ideas.

Read other interesting articles of the InternationalWealthinfo portal:

Tourism statistics includes a set of basic concepts, definitions, classifications, primary data and indicators and macroeconomic aggregates related to the physical, economic, social and other aspects of tourism.

Tourism means the travel of people from one locality to another for the purpose of recreation, visiting historical places, religious sites, sports, as well as all kinds of recreational activities without engaging in activities paid from local sources at this time.

A person taking a trip is called a tourist, and firms or other entities of various forms of business that provide him with a full range of services (transport, excursion and entertainment) are called tour operators. Travel services are a very important component of the economy of many countries.

Tourism statistics of the "third world" countries show that in monetary terms, this area is up to 50% or more of gross domestic income. The employment of the population in the service sector varies from 70 to 90%. However, in the context of countries, the situation on the tourist services market is ambiguous and rather dynamic. It is influenced not only by the standard of living in the regions from which the greatest influx of tourists comes, but also by the socio-economic, political and demographic situation in the world.

Types of tourism

Depending on the purposes of travel, tourism is of 2 types - recreational and business. The first type is travel for relaxation, health improvement or broadening one's horizons. Its subspecies:

  • Wellness and medical - this is rest in sanatoriums and health resorts for the purpose of treatment and improvement of health.
  • Cognitive - travel to various countries with a rich historical and cultural heritage.
  • Extreme - traveling in the wild using various means of transportation (boats, kayaks, off-road vehicles) or on foot, very often with the abandonment of many familiar things and electronic devices and using only a minimal set of means for survival and food ...
  • Ecological - a type of extreme tourism, in which travelers are aimed at visiting the least susceptible or not at all experiencing anthropogenic impacts territories (reserves, wildlife sanctuaries, national parks).

The second type of tourism is aimed at acquiring professional, experience in conducting negotiations with prospective business partners in an informal setting, participating in trainings, seminars, and charity events.

In addition to these species, which have a rather long history of development, recently there has been a gradual development of religious tourism (visiting holy places) and agritourism. During the rest, the traveler is surrounded by rural life, traditional for a particular place.

In addition to the purposes of arrival, there is also a division of tourism into three types, depending on the direction of departure and the location of tourists. According to this criterion, there are:

  • Entry - visiting the country by foreign tourists.
  • Outbound - departure of citizens of one country to another for the purpose of rest, health improvement.
  • Internal - movement of tourists within their own state.

Statistics

As in other sectors of the national economy of any country, a separate section of such science as statistics deals with the assessment of the effectiveness of this area. With the help of the data collected, analyzed and systematized by this discipline, anyone can select priority ones for visiting the country with the most positive indicators for themselves. Key indicators of tourism statistics:

Asian countries are especially popular with tourists in winter. And this is not surprising - it is warm, luxurious nature and relatively inexpensive. However, the pandemic has made its own changes, and at the beginning of 2021 it is not possible to fly to any country in Asia.

We provide you with complete, but brief information - open countries of Asia, and those where flights are still limited.

Asian Open Countries

Let's start with a pleasant one. Not all countries have decided to completely abandon tourists. Regions in which the situation with the coronavirus remains under control are open to tourists, but with some restrictions.

Thailand

The country is open to tourists with a mandatory 14-day quarantine. S7 already operates direct flights from Novosibirsk to Bangkok, Aeroflot resumed flights on January 7.

Wearing a mask is important in public places in Thailand. Photo: unsplash. om

By the way, be sure to read about the best islands in Thailand on our website.

Singapore

Those arriving in Singapore from New Zealand, Vietnam, Australia and Brunei do not need a 14-day quarantine, only a PCR test. The same applies to Russians. Singapore has also agreed with China, South Korea, Japan and other Asian countries to admit visitors for business and official purposes.

Cambodia

The country is open for tourists. A PCR test is required (no more than 72 hours before departure), on arrival they will do another test, on the 13th day a second test ($ 100 each). A security deposit of $ 2000 is required at the airport. 14 days of self-isolation.

Nepal

Popular posts
Russian tourists will be able to travel to Israel in 2021

Israel: for a trip up to 90 days, a visa is not required, work or a long visit requires registration Attention! Departure of Russians for tourist purposes on January 17, 2021 is possible only in Montenegro,

  • . 24 minutes
Business in India

Business in India India has long been famous among tourists as a resort country with the opportunity to relax very cheaply, and for a long time. And in view of all the natural and architectural beauties, many

  • . 16 minutes
We use cookies
We use cookies to ensure that we give you the best experience on our website. By using the website you agree to our use of cookies.
Allow cookies