The US, Singapore, Ireland, Denmark, Hungary, Luxembourg, Romania, Switzerland, Sweden and Hong Kong rank as the top ten countries in the world for global enterprise expansion, according a study by HR and payroll company Remote.
Singapore also hosts a large number of start-ups, a factor behind its second place in the index, while Ireland has the highest annual economic growth rate of all countries in the top 20 (13.5%), as well as one of the lowest tax rates and a very low cost of starting up a business.
Expanding overseas remains a key area for companies looking to grow their businesses, with research from consultancy PwC showing that nearly half of company chief financial officers are in the process of expanding their business to overseas markets, or are planning to do so soon.
