Craftation Overseas’ Post

Starting a Business in New Zealand – Minimal Bureaucracy, Maximum Growth Why New Zealand? New Zealand is renowned for its minimal bureaucracy and ease of doing business. Ranked as one of the best places to start a company, it's perfect for Indian entrepreneurs looking for straightforward regulations and a growing market. Steps to Set Up a Business in New Zealand: 1. Choose a Business Structure Most foreign entrepreneurs prefer a Limited Liability Company (LLC) for easy setup and limited liability. 2. Register Your Business Register your company online through the New Zealand Companies Office. The entire process takes about 24 hours. 3. Taxation New Zealand offers a 28% corporate tax rate, but with no capital gains tax and tax benefits for foreign income. 4. Government Support Take advantage of R&D tax incentives and grants from Callaghan Innovation, which support innovative projects and startups. 5. Visa Options For entrepreneurs, the Entrepreneur Work Visa is a great option if you plan to settle and grow your business in New Zealand. Want to explore New Zealand’s business-friendly environment? Stay tuned for our next post on Germany, Europe’s largest economy with strong support for startups! #NewZealandBusiness #Entrepreneurship #CraftationOverseas #BusinessExpansion #EasyBusinessSetup #GlobalOpportunities #BusinessTips

I’ve long said that government policies are instrumental in facilitating and encouraging small business growth. These two countries are proof of that. According to The World Bank Estonia has the highest rate of new business density on the planet. New business density is the number of limited liability companies per 1000 adults. It shot from 13.2 new LLCs in 2006 to 24.3 in 2022, nearly doubling. Cabo Verde has the most growth over time, exploding 10X from 1.8 new LLCs in 2008 to 18.5 in 2022. What they have in common is that their governments enacted laws that incentivized new businesses. Estonia made it easy for foreigners to access services, such as starting and operating an online business via an e-Residency program. About 20% of Estonian companies registered annually were owned by e-residents from 2019-2022. In Cabo Verde you can register an LLC in one day -- for free. Understand that these reforms took place over time—decades in fact.  Sound decisions, good planning, and sufficient resources are needed to properly execute such programs. But, well, the results speak for themselves. #entrepreneurship #businessenablement #Estonia #CaboVerde https://lnkd.in/eYpJmfKe

Did you know? Entrepreneurs are central to Ireland’s economic growth, creating jobs, driving innovation, and enhancing global competitiveness. According to Enterprise Ireland, Irish-owned companies contributed €26 billion to the economy in 2022, with SMEs making up 99.8% of businesses and employing over 1 million people. Entrepreneurs fuel the growth of key sectors like tech, fintech, and medtech, attracting foreign investment and boosting exports. Their businesses create jobs, strengthen local economies, and foster a culture of innovation and collaboration. Government initiatives, such as the “Action Plan for Enterprise,” are essential in providing the support needed to scale and expand these businesses globally. To ensure continued economic growth and innovation, we must strive to support small businesses and entrepreneurs. By providing access to resources, mentorship, and a nurturing environment, we can empower the next generation of Irish entrepreneurs and strengthen our economy for the future. Let’s continue to champion small businesses and their vital contribution to Ireland’s success. #SupportSmallBusiness #Entrepreneurship #IrishEconomy #Innovation #SMEs #EconomicGrowth #GlobalCompetitiveness

🚀 British Entrepreneurs and Freelancers: Unlock EU Market Access with Estonian e-Residency! 🇪🇺 Navigating the post-Brexit landscape can be challenging, but what if there was a way to keep your business thriving in the EU? Estonia’s e-Residency program offers British entrepreneurs and freelancers a seamless path to establish and manage a location-independent company in the EU. 🌍 Why choose e-Residency? Access to EU Markets: Bypass Brexit barriers and tap into one of the world’s largest trading blocs. Ease of Setup: Fully online process with your e-Residency ID in just a few weeks. Cost-Effective: There is no need for a physical office in Estonia. Advanced Digital Infrastructure: Manage your business from anywhere with top-tier digital tools. Don't let borders hold back your business. Discover how Estonian e-Residency can be your gateway to growth and innovation. Read the full blog to learn more and get started today! Link in the comments👇 #Entrepreneurship #Brexit #EU #eResidency #DigitalBusiness #Estonia

Imagine you’re at a crossroads, deciding where to plant the seeds of your next big move. Have you ever considered Lithuania? Recently, during a meeting with my team, a surprising topic came up: the untapped potential of Lithuania for entrepreneurs. For years, we’ve seen countries like France, Germany, and the UK dominate the business scene. But what if I told you there's a hidden gem waiting to be discovered? Lithuania is not just a pretty face; it’s a powerhouse of opportunities many overlook. So, here's a thought-provoking question for you: Why aren’t more entrepreneurs considering Lithuania? Here’s why Lithuania should be on your radar: 🌎 Stunning natural landscapes that cover over a third of the country 🌎Pro-business policies that make setting up shop a breeze 🌎A variety of visa and residency options tailored for entrepreneurs 🌎A vibrant startup ecosystem waiting to be tapped into Intrigued? Our latest video delves into why Lithuania might just be the perfect spot for your next business move. From visa details to business setup tips, we’ve got everything covered. Want to dive deeper into this opportunity? Drop a comment with ‘Interested’ and send me a connection request. I’ll DM you the video link ASAP. What’s your take on Lithuania as a business destination? Let me know in the comments! #Lithuania #BusinessOpportunities #EU #Investing

Profitable business, zero capital, in South Korea. Have you ever dreamed of starting a business in South Korea but worried about the costs? Think it's impossible to establish a presence in a foreign country without substantial funds? Let's debunk this. "𝘖𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘪𝘦𝘴 𝘥𝘰𝘯'𝘵 𝘩𝘢𝘱𝘱𝘦𝘯. 𝘠𝘰𝘶 𝘤𝘳𝘦𝘢𝘵𝘦 𝘵𝘩𝘦𝘮." - Chris Grosser  South Korea, a land rich with possibilities, is welcoming foreign entrepreneurs with open arms. But what if you don't have a large sum of money to invest on it? Good news – you can still make it happen and succeed! 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐘𝐨𝐮𝐫 𝐎𝐩𝐭𝐢𝐨𝐧𝐬 The South Korean government recognizes two types of foreign businesses: 1. Foreign-invested firms (requires 100 million Korean won investment) 2. Branch offices (typically requires no investment) For those starting with limited capital, a branch office is often the ideal choice. 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐟𝐨𝐫 𝐄𝐬𝐭𝐚𝐛𝐥𝐢𝐬𝐡𝐢𝐧𝐠 𝐚 𝐕𝐞𝐧𝐭𝐮𝐫𝐞 𝐰𝐢𝐭𝐡 𝐍𝐨 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 1. 𝐂𝐡𝐨𝐨𝐬𝐞 𝐭𝐡𝐞 𝐫𝐢𝐠𝐡𝐭 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐦𝐨𝐝𝐞𝐥: A branch office is your best option when funds are tight. 2. 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭: Before diving in, gain a solid understanding of the South Korean market and culture. 3. 𝐋𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐲𝐨𝐮𝐫 𝐬𝐤𝐢𝐥𝐥𝐬 𝐚𝐧𝐝 𝐧𝐞𝐭𝐰𝐨𝐫𝐤: Start with what you know and who you know. 4. 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐯𝐢𝐫𝐭𝐮𝐚𝐥 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐨𝐩𝐭𝐢𝐨𝐧𝐬: Consider online services or consulting to minimize overhead. 𝐒𝐞𝐞𝐤 𝐥𝐨𝐜𝐚𝐥 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩𝐬: Collaborate with Korean businesses to share resources and knowledge. 𝐃𝐢𝐯𝐞𝐫𝐬𝐞 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐁𝐞𝐲𝐨𝐧𝐝 𝐓𝐞𝐜𝐡 While South Korea is known for its technological advancements, numerous opportunities exist in various sectors: 𝘌𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯, 𝘵𝘰𝘶𝘳𝘪𝘴𝘮, 𝘍&𝘉, 𝘈𝘳𝘵 𝘢𝘯𝘥 𝘤𝘶𝘭𝘵𝘶𝘳𝘦, 𝘞𝘦𝘭𝘭𝘯𝘦𝘴𝘴, 𝘢𝘯𝘥 𝘉𝘦𝘢𝘶𝘵𝘺.... 𝐖𝐡𝐚𝐭 𝐂𝐚𝐧 𝐚 𝐍𝐨-𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐕𝐞𝐧𝐭𝐮𝐫𝐞 𝐃𝐨 𝐟𝐨𝐫 𝐘𝐨𝐮? Provide a pathway to financial independence Offer international recognition and experience Allow you to immerse in a new culture Open doors to unexpected opportunities 𝐍𝐞𝐱𝐭 𝐒𝐭𝐞𝐩𝐬 - Research the specific requirements for setting up a branch office in South Korea. - Identify your unique skills and how they can be applied in the Korean market. - Start networking with other foreign entrepreneurs in South Korea (any size any industry) - Learn basic Korean to help navigate business interactions. Are you ready to make your mark in South Korea? With determination, creativity, and the right approach, the dream can become a reality – even without huge amounts of capital! (you will need of course the Remember, every successful business starts with a single step. Take yours today!

5 reasons for entrepreneurs to love Luxembourg. I moved to Luxembourg in 1996. It was love at first sight. Why? There are 5 reasons for that: #1 Its size If you create a company here, you can have 8 meetings in one day and get support from a long list of agencies. This represents a huge business accelerator. #2 The diversity Luxembourg per se is not a market. Far too tiny! But if you consider it as a test market or as a business hub, you can do business here with people coming from all over Europe but also America, China, India or South America. This is truly precious if you want to grow your company fast. #3 A "New Money" jurisdiction. For an entrepreneur, this is by FAR the best part. It is virtually impossible to reach a CEO in Paris, because powerful people have had centuries to build defence mechanisms. In Luxembourg, you can talk to almost any CEO - or Minister! - and the House of Entrepreneurship is rooting for anyone willing to start a business. #4 The rural background You will absolutely love the no-nonsense attitude of Luxembourgers and a long list of walk/run/trail/cycling tours available. Only 50 years ago, a vast majority of the population was still active in farming, with a single diversification in the Steel industry. #5 The Eldorado paradox From France, people imagine Luxembourg as a country full of rich Bankers. They get decent salaries, but the country is active in middle and back office activities. The really rich guys are in London, Paris and Zurich. The paradox of this broken branding is that Luxembourg is a true Eldorado, but for entrepreneurs. Why? Most locals cannot resist the temptation of working in the public service, which creates a huge vacuum for motivated entrepreneurs. Long story short. - Luxembourg is not an island. It faces the same issues as his neighbours: housing prices, energy crisis, populism. - The country is reaching an important crossroads of its history again and has to upgrade both its hardware and its software without delay. - But if you look at the big picture, it is still an extremely attractive place for entrepreneurs, despite the lack of competitiveness and productiveness. Feel free to contact me if you need to identify the right people to get started. Let's make it happen.

🌍 Looking for a business-friendly jurisdiction? Check out this comparison between Estonia and the UK for company registration. ✅ Estonia Advantages: 💡 0% corporate tax on reinvested profits 💡 Fast registration (1-5 days, fully online) 💡 Full access to the EU market 💡 Comprehensive e-Residency solutions 💡 Ideal for startups and digital entrepreneurs 🇪🇪 Estonia is the top choice for entrepreneurs seeking a digital-first, tax-efficient, and remote-friendly business setup in Europe. 💼 Ready to start your journey? Let eFinance handle all the details—from registration to compliance—so you can focus on scaling your business. Join hundreds of global entrepreneurs who have already unlocked the benefits of Estonia’s business ecosystem. 🚀 🔗 Get started today at www.efinance.ee and take the first step towards a smoother, smarter business setup! #Estonia #CompanyRegistration #BusinessSetup #eFinance #DigitalBusiness #TaxEfficient #Entrepreneurs #UK #EstoniavsUK

From Overseas Dreams to Canadian Realities Canada's economic landscape is ripe with opportunities for the innovative and the bold, making it an ideal setting for foreign entrepreneurs looking to make their mark. At the heart of our nation's economy are startups—dynamic, creative engines driving job creation, fostering innovation, and igniting hope within communities across the country. This entrepreneurial spirit contributes to our economic diversity and positions Canada as a global leader in innovation and growth. However, the journey of entrepreneurship, especially in a new country, has unique challenges. Key among these include: • navigating funding avenues • mastering marketing in a new landscape • building a sales strategy • managing finances • business strategies • securing mentorship • planning your business with precision • understanding the tax system • attracting and retaining top talent. These hurdles are substantial but surmountable with the proper support and guidance. Recognizing these challenges, our firm is dedicated to empowering foreign entrepreneurs like you to thrive within Canada's startup ecosystem. We provide tailored solutions to each of the significant obstacles startups face: • Funding: We help you navigate Canada's funding landscape, connecting you with potential investors, grants, and financial incentives best suited for your startup. • Marketing and Sales: Our team assists in crafting compelling marketing strategies and sales plans that resonate with the Canadian market and beyond. • Strategy Development and Business Planning: We offer expertise in shaping your strategic vision and business model to ensure long-term success in the Canadian market. • Mentorship: Gain access to our network of seasoned entrepreneurs and industry leaders who can guide you through the intricacies of doing business in Canada. • Accounting, Taxes, and Legal Compliance: Our advisors help you manage your finances, understand the Canadian tax system, and ensure compliance with all legal requirements. • Hiring & Retaining Talent: We provide insights and strategies on building and maintaining a strong, motivated team that will drive your startup forward. We understand the unique challenges of starting a business in a new country and are committed to making your transition as smooth and successful as possible. You can take the first step towards transforming your entrepreneurial dream into a reality in Canada by contacting us today for a complimentary discovery session.  #GlobalEntrepreneurs #StartupVisa #InnovationEcosystem #BusinessGrowth #EntrepreneurshipJourney

✨ Setting Up a Business in the UK – Startup-Friendly Policies ✨ Why the UK? With strong ties to India and numerous government incentives, the UK is an attractive destination for Indian entrepreneurs. Steps to Set Up a Business in the UK: Choose a Business Structure Common options include a Limited Company or Sole Trader. Most prefer setting up a Private Limited Company (Ltd) for limited liability and ease of operation. 1. Register Your Company Register online with Companies House. The process is quick, often taking just 24 hours. 2. Visa Options Consider the Innovator Visa or Start-up Visa for residency and work authorization. The Innovator Visa is ideal for those with a scalable business idea. 3. Tax Benefits Corporate tax is 19%, but startup incentives like the Seed Enterprise Investment Scheme (SEIS) offer tax relief to investors. 4. Government Support Take advantage of grants like Innovate UK or UK Enterprise Investment Scheme to grow your business. Looking to expand into the UK? Stay tuned for our next post on Mauritius, a tax-friendly gateway to African markets! #UKBusiness #Entrepreneurship #CraftationOverseas #BusinessExpansion #StartupIncentives #GlobalOpportunities #BusinessSetup