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Canada: Top Three Best Places to Start a Business

Filed in archive Startup on June 20, 2007

Canada: Top Three Best Places to Start a Business
According to Fortune Small Business canada is third in the world as a "place relatively few hurdles in the path of business owners. In each nation it takes between two and five days to start a business and requires five or fewer steps to do so."
Lewis posits that the reason we have so many high-expectation entrepreneurs is that entrepreneurs are "culturally supported" here. Being an entrepreneur is a respected career choice, there are plenty of entrepreneurial role models and failure is not severely punished; a failed business is not considered a family disgrace or a 30 year struggle to pay off creditors here. Via Small Business Canada

Other points include "relatively low marginal tax rates, legal systems that protect intellectual property, enforce contracts, and provide relatively rapid adjudication of disputes."

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