Canada by MATAVI@
If you’re a reasonable business professional looking for a nice and decent country to spend money in, your first pick for investments should be Canada. This is at least true according to a newly released “Best Countries for Business” list by Forbes magazine. The Forbes analysts compare 11 areas in 134 countries, including, for example, monetary freedoms, property rights, taxes, and investor protection, as well as market performance, corruption, and personal freedom or innovation.
We hit the top this year from the fourth position last year. The most considerable improvement that contributed to our excellent ranking occurred in the “tax burden” category as Canada shifted from 23rd rank to 9th position. The low cost of doing business is Canada’s long-term key attraction for foreign investments. Forbes experts noticed a lower overall tax burden compared to the last list data, while especially the introduction of the harmonized sales tax in Ontario and British Columbia in 2010 earned lots of good points. Lower corporate and employee tax rates were also viewed as a considerable improvement for the business climate in Canada.
Freedom by Ryan McFarland
Canada can also boast top rankings in the society-related categories such as red tape (3rd rank), corruption (9th rank), and personal freedom (1st rank). With a bit of simple interpreting, we can deduce that Canada is not only a good place for business, but also for life and personal development. There certainly is a reason why so many U.S. citizens threatened to move up north if presidential elections didn’t go according to their wishes.
Our Qualification for Being First
With the conservative lending practices and down-to-earth policies of the federal government when it comes to keeping the budget balance, Canada weathered the global crisis more than well and enjoyed the benefits of a relatively stable economy. The real estate market didn’t experience problems like other countries and remained relatively healthy. Furthermore, clever adjustments of the interest rates by the Bank of Canada always mitigate potential danger on time and encourage investments when it’s suitable. Now, it’s a great challenge for all realtors to facilitate all the different types of demands (new middle class homes for skilled immigrants, keeping the track of sufficient numbers of office buildings for businesses…) on the market of such a successful country without disturbing the balance.
Other countries included in the top-ten list were New Zealand, Hong Kong, Ireland, Denmark, Singapore, Sweden, Norway, Britain, and the United States. Bringing up the sad rear are three African countries suffering from basically no public amenities and a lack of at least so-called “decent enough governance,” Burundi, Zimbabwe, and Chad.