Being an entrepreneur, you have the opportunity to move anywhere in the world, but moving to a foreign country can be difficult. Adjusting to a new culture, climate, and maybe even language can be a daunting task, but one that can prove to be the best thing that’s happened to you.
Anyone starting up a company will tell you, you need all the help you can get. The incentives to head to any of these emerging regions are especially rewarding for business owners.
In search of funding? No problem. If you are lucky enough to live in a financial hub city, there is unlimited access to venture capitalists to receive private funding. For the no-strings attached approach, governments in these regions want you and your business in their country so grants are readily available for new or existing foreign businesses. Many of these countries also offer low tax rates for both business and personal taxes.
Hiring employees for your company in the Middle East, Asia, and South America is extremely affordable. Take for example, the annual income of a graphic designer in India versus one in the UK. The average annual income of an experienced designer in India is approximately US$4,500. The average annual income of that same designer in the UK will cost you about US$32,000.
Maintaining a good work-life balance is the key to any successful business person. While you have started your own business in Chengdu, it is easy enough to escape your work duties by enjoying local fare and pastimes or even travelling to more exotic destinations. The same can be said for someone living and working in Rio De Janeiro, where you can surf at 9am and make it to a board meeting by 1pm. The perks of living overseas give you the opportunity to explore because the cost of living in Asia or South America is far lower than that of North America or many countries in Europe.