7 Sure-Fire Reasons Nordic Entrepreneurs Should Consider South-East Asia for Running Their Start-Ups

Gone are those days when entrepreneurs used to launch their e-commerce business in their native countries. In contemporary times, people are heading towards the golden path with a belief to expand their business.

For example, a Nordic trader would prefer not to invest in his home nation. So what will be the next step of the businessman..??

Let us be very honest. Nordic states have some limitations when it comes to expansion of their e-commerce business. There are various reasons like the countries are too pricey, the nations are not seismologic stable, and much more. So for the entrepreneurs out there, migration to Southeast Asian countries would be the best and the smartest decision if they are trying to be among the top list of entrepreneurs.

Let us take a glance into reasons why Nordic entrepreneurs should think of running their start-ups in Southeast Asian countries such as Thailand, Malaysia, Indonesia or Singapore.

1. Cost-effective

Southeast Asian countries are comparatively cheaper than Scandinavian states. Everything is economical in these countries.

With just 500 or 1000 bucks, the capitalists find it very difficult to get anything in Finland or Norway, but with the same measure in the nations such as Singapore and Thailand, you’ll get much more. This greatly helps the entrepreneurs to get affordable task force, cheaper acreage with convenient equipments as well.

2. Exciting Location

Office location which is surrounded by a nifty environment with sandy beaches and lively atmosphere would be an amazing feeling. This would help to provide an aesthetic feeling which would definitely lead to the increase in the work productivity of the employees.

3. Demographic Stability

The seismologic condition of the Nordic Countries viz. Sweden and Norway are very unstable. Hence, it is considered as the vulnerable seismic zone region due to which there are great chances of an earthquake happening now and then.

Investing in office space would not be suitable in those regions. On the contrary, Southeast Asian countries are not prone to natural hazards as that of the Scandinavian regions.

4. Higher networking opportunities

Money is not the only aspect that matters to decide upon migrating to the Southeast Asian countries, but it is beyond it.

Functioning with various co-working spaces builds excellent opportunities which, in turn, increases your networks. This is because you’ll be surrounded by all other entrepreneurs. Some might be digital marketers, some would be web designers, some sales executive, some freelancers and so on. It would be helpful to you as you won’t have to outsource the manpower at higher cost from other areas.

Meeting people from around the country with varied occupation or cultures would definitely work for you to expand your reach in any field.

5. Territorial Tax policy

One of the most promising justifications for Nordic entrepreneurs to shift Southeast Asia is that countries like Singapore and Malaysia are tax-free while considering offshore business and overseas income. Not only this relieves your tax burden from your investment and its subsequent returns, but also less taxes on accommodation and other factors would lower your cost of living and other factors.

Tax policy in few countries of Southeast Asia is so pocket-friendly that it won’t even hurdle your lifestyle in any way.

6. Inspiring Story

There is one inspiring story of a successful entrepreneur who achieved victory by migrating to South East Asian countries are described as under:

7. The Sir Richard Branson of Asia

Tony Fernandes traveled a long journey from Finland to South East Asian countries such as Malaysia and Thailand. From a simple, basic person 12-year boy to a multi-millionaire, he succeeded in building a prominent airline company, a football club, and formula 1 team.

Sailing through this grant odyssey wasn’t smooth, but true determination held him to make efforts and achieve this success. It was his ingenuity which led him on the correct path. This is the reason, why he quotes ― “There is a very fine line between brilliance and stupidity.”

Sir Richard proved that toting a Utopian dream is not difficult. Instead, he achieved his dreams in the way without any skepticism.

“Believe the unbelievable, dream the impossible, and never take no for an answer.”

Closure

Actions speak louder than words, allow success to portray your efforts and dreams.

Now when you got to know each and everything about running your startup efficiently, the ball is in your court.

Take into consideration these points and recognize how beneficial is it to shift to the Southeast Asian countries!