These are the best cities to start a startup

Are you planning to establish a startup, but Croatian bureaucracy and laws do not inspire confidence? The following research could greatly facilitate your choice.

Namely, Richard Madison from the Brighton School of Business and Management utilized various variables and analyses to initially select the countries most favorable for such a business model, and then went a step further to choose the top 10 cities for startups.

According to Madison’s research, the capital of China, Beijing, ranks first on this respectable list. As the financial, technological, and film center of the most populous country in the world, it is ‘friendly’ towards startup entrepreneurs, which is reflected in annual tax reliefs for those who were unemployed or had just graduated before establishing their companies. For foreigners, Beijing as a startup oasis is still an underexplored area; the laws are likely not as lenient as they are for Chinese nationals, but the top position on the list will certainly attract many business adventurers.

Immediately following Beijing on the list is Kuala Lumpur. Malaysia is a relatively inexpensive country and serves as an excellent platform for product testing, given that it is a large country with three different nationalities.

The best cities in Europe for establishing startups, according to this research, are located in Eastern Europe. Warsaw and Moscow rank very high – among the top five ‘friendliest’ startup cities.

Poland has a strongly developed domestic market and a tradition of this type of business, giving it an advantage over the Czech Republic and Slovakia, while Moscow holds a place in the top 5 despite the significant brain drain that remains a major issue for the Russian IT sector. Sofia has also found a place among the top ten locations for establishing startups, with its extremely low taxes, while the European representative here is the IT industry giant, London.