Multinational companies and governments around the world are increasingly looking to Africa as a new business destination. Africa's economy has grown at a rate of around 5.3% per year over the last decade and six of the world's ten fastest growing economies are located here. These countries have a fast-growing middle class that contributes to rapid urbanization that is increasing faster than their cities' infrastructure can keep up. It is a common misconception that many economies in Africa are heavily dependent on energy production. In reality, the oil and gas sector accounted for only 11% of Nigeria's GDP in 2014, while the construction sector accounted for 20%.
When considering doing business in Africa, it is not a matter of choosing just one country or all 54; A regional approach makes more sense. Sub-Saharan Africa, for example, refers to sub-Saharan countries such as Angola, Kenya, South Africa and Nigeria. Many companies already doing business in Africa are separating their businesses in North Africa and Sub-Saharan Africa due to the stark economic, linguistic and cultural differences between the two regions. Here are our top 5 African countries for doing business:
Mauritius Mauritius is known for offering an extremely favorable business environment for investment and business growth. The process of incorporating a company and starting new business activities in Mauritius is believed to be straightforward and relatively easy. Mauritius' economy is mainly based on textiles, tourism, sugar and financial services, although recently other sectors such as renewable energy and information technology are expanding rapidly. The World Bank ranked Mauritius 49th in its Doing Business 2017 ranking, largely due to its pro-business approach to dealing with building permits, enforcing contracts and protecting minority investors. Another ranking of African countries places Mauritius first based on factors such as law and security, economy, human development and human rights.
Rwanda Despite nearly a decade of Rwanda's civil war, the country's leaders and citizens alike have worked to achieve a healthy business climate and a strong overall economy. According to the World Bank, Rwanda is the second easiest place to do business in Africa and ranks 56th in the Doing Business ranking. This is because the procedures for registering a property, obtaining credit and trading across borders have been greatly simplified. Tourism is currently the fastest growing sector in Rwanda. According to our research, businesses can be incorporated and operating in as little as three days.
Botswana Since gaining independence, Botswana has had one of the fastest per capita economic growth rates in the world. As the government works to diversify the country's profitable industries, the mining of diamonds and other precious metals is currently the main contributor to the country's economy. Recently, Botswana has managed to reduce the time it takes for various processes including import and export and business formation procedures. In addition, technological upgrades have reduced the average court length for commercial disputes to 625 days (from 987 days in 2008). Thanks to these improvements, Botswana ranks 71st in the World Bank's Doing Business 2017 ranking.
South Africa South Africa's key industries are automobile manufacturing, tourism, mining and information and communication technologies. South Africa has managed to simplify its import and export procedures, resulting in less time and fewer documents required. In addition, the South African authorities have simplified tax legislation, reducing the number of hours required to prepare tax reports. The World Bank ranked South Africa 74th for ease of doing business in 2017.
Kenya Another country to keep an eye on is Kenya, which is currently making huge investments in sectors such as telecom, transport and energy. With a tech-savvy workforce and high-speed internet, Kenya stands out as one of the top countries in Africa for tech startups, while its diversified economy, strong ownership rights, excellent tourism sector and improving infrastructure make it a great location for general start a new company. If you have further questions about company formation or banking in Africa. Please contact us now.
With regard to political and civil freedoms, Cuba is 3. Citizens in Cuba experience little to no civil liberties and political rights. Citizens are not free to express themselves and do not enjoy political freedom or a representative government. Countries with this political situation are dangerous for investment, as an authoritarian government may have outsize control over economic matters. The businesses of Cuba are 5 in terms of economic liberty. Citizens in Cuba are considered not free with regards to their economic decisions. The government prohibits all economic activities by citizens, and some illegal business activities could be punishable by imprisonment or even death. Investors should avoid countries that are not free economically, as the risks do not justify any potential gain. In terms of journalistic freedom, the media of Cuba is in a 5. In Cuba, journalists face a very serious situation. Censorship dominates all publications and the government controls the majority of media outlets. Journalists that express opinions against the government may be punished with fines, imprisonment, or death.
Depending on the purpose of the website, there may be different features that should be pointed out in order to create the technical basis of the website. For example, if a company wants to promote some new products in the market in order to increase sales by selling the goods online, an intelligent content management system is required to make online sales efficient. If the goods are exclusive and above the average price compared to other of their prototypes on the market, the content of the website must reflect the level or standard of the products.
This means that the website has to have an appealing interface. If the range of products is quite large, the website not only needs to have a nice interface, but also a fairly intuitive design to make it easy for potential customers to navigate. Therefore, the site must include tools and features that span attractive design, cleverly chosen and arranged content, and promising online marketing tools, as the goods must be made salable.
Essential characteristics of a good corporate website
When it comes to the look and feel of a website, the first thing to do is choose the domain name of a successful website so that people can easily identify it. SEO would also be helpful as Google recognizes the content and structure of a website when it ranks for the search. In this case, wire framing can occur through the entire content of the site. The integration of social media can make the website recognizable and also increase the SEO: Twitter, Pinterest, Facebook, Instagram etc. This can also go hand in hand with the creation of a mobile-ready or mobile-friendly version of a website.
Clear navigation is another feature that a good corporate website must have. The navigation strategy is a call to action that defines what website owners expect from users on the website. For example, place an order, send an email, become a member, visit the company, receive services a company can provide, etc. When it comes to standard website content, it needs to include some features such as: B. Logical roadmaps. For example, from a visual point of view, it is imperative that the site have a main page with sections describing its contents.
Effective website content
In general, the site may contain information about the company, its team members or historical background, terms and conditions for the sale and delivery of goods or services, shopping areas such as shopping cart or shopping cart if the website offers its customers countable items that can be purchased online , Support section, Contact section where a list of addresses and phone numbers can be included, and an illustrative section where picture galleries, video galleries and / or audio files can be placed, saved, downloaded and / or viewed.
In addition, the site may contain Frequently Asked Questions (FAQ) or “Help Desk” sections, feedback areas, special offers, upcoming news or events, popular or useful articles organized as blogs, notes, or even a diary.
Website building platforms as an alternative to the traditional website building approach
There are some automated website creation platforms on the internet these days that can provide a necessary help for those who want pre-built samples of picture galleries and picture box layouts, text box templates and arrangements, title font designs, and other useful tools for visualizing the Website. The most popular of them are named as WIX.com, GoDaddy, Weebly, SiteBuilder.com, Web.com, BigCommerce, etc. Usually these platforms have demo versions that can easily be used to get started creating a new, stunning website for free.
Of course, there are some limitations on the website building capabilities. However, each registered user can subscribe to a wider range of technical means in order to achieve perfection. Such website builders are a great alternative for long meetings with graphic designers, exhausting discussions with many disagreements, conflicting attitudes, and other distracting and unnecessary obligations. The website UI is very easy to create on site and takes all the hard work off of it while creating a beautiful and functional website.
The main advantage of this approach, however, is that the interface can be customized, replaced, or rearranged as easily as it was created without understanding and writing special software code and other programming and IT work that only Professionals.
The total population of Australia is 24,772,247 people. The people of Australia speak the English language. The linguistic diversity of Australia is diverse according to a fractionation scale, which for Australia is 0.3349. The average age is around 38.3 years. Life expectancy in Australia is 82.1. The female fertility rate in Australia is 1.9. About 27% of Australia's population is obese. Ethnic diversity is nearly uniform according to a fractionation scale, which is 0.0929 for Australia. Details of the language, religion, age, gender distribution and advancement of the people of Australia can be found in the sections below, as well as the section on education in the country.
Population In Australia, the population density is 2.8 people per square kilometer (7 per square mile). Based on these statistics, this country is considered very sparsely populated. The total population of Australia is 24,772,247 people. Australia has approximately 6,763,663 foreign immigrants. Immigrants in Australia account for 2.8 percent of the total number of immigrants worldwide. Immigrants in Australia account for 27.7 percent of the total number of immigrants worldwide. Australia's ethnic diversity is nearly uniform according to an ethnicity-based fractionation scale. Ethnic Fractionation (EF) deals with the number, size, socioeconomic distribution, and geographic location of diverse cultural groups, usually within a state or some other demarcated area. Specific cultural characteristics can refer to language, skin color, religion, ethnicity, customs and traditions, history, or other distinctive criteria, alone or in combination. These characteristics are often used for social exclusion and power monopolization. The index of ethnic fractionation in Australia is 0.0929. This means that the people living in Australia come from a narrow group of ethnicities, all related to one another. EF is usually measured as 1 minus the Herfindahl concentration index of ethnolinguistic group proportions, which reflects the probability that two randomly drawn individuals from the population belong to different groups. The theoretical maximum of EF of 1 means that each person belongs to a different group. Below are Australia statistics on average age and gender distribution at different ages.
Age The average age is around 38.3 years. The average age of men is 37.5 years and the average age of women is 39 years.
Gender The sex ratio, or number of males per female (estimated at birth), is 1.055. It can be further broken down into the following categories: sex ratio under 15 - 1.05; sex ratio from 15 to 64 - 1.03; sex ratio over 64 - 0.84; Overall sex ratio - 1. The overall sex ratio differs from the sex ratio estimated at birth. This is because some newborns are included in the sex ratio estimated at birth, but die within the first few weeks of life and are not included in the overall sex ratio.
Religion Australia's majority religion is Christianity, whose adherents make up 67.3% of all religious believers in the country. Christianity is an Abrahamic monotheistic religion based on the life and teachings of Jesus Christ as presented in the New Testament. Christianity is the largest religion in the world with over 2.4 billion followers known as Christians. Christians believe that Jesus is the Son of God and the Savior of mankind, whose coming as Christ or Messiah was prophesied in the Old Testament. Besides Christianity, there are several other religions in the country. Other religions in Australia are Islam, Hinduism, Buddhism, folk religions, Judaism. Australia's religious diversity is very diverse according to a fractionation scale based on the number of religions in Australia. The index of religious fractionation in Australia is 0.8211. This score means that several major religions in Australia coexist with each other and with some subordinate beliefs.
General development Australia is considered a developed nation. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. In Australia, 82.35 in every 100 people use internet. Australia has a Human Development Index (HDI) of 0.933. Australia has a very high HDI score. This indicates that nearly all citizens are able to attain a desirable life because of social and economic support; citizens with a low standard of living receive aid and support and have the opportunity to advance in society. The migration rate in Australia is 5.65%. In Australia, 13.3% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Australia is low, indicating that it has a stable economy. Investors should consider Australia to be a safe location for investments and other financial ventures.
As more jurisdictions open up to foreign trade, companies can gain access to a large pool of resources abroad. They can establish relationships with foreign partners and relocate their production to foreign locations or simply export their products to new markets. IT and software development companies are also trying to capitalize on moving production to foreign jurisdictions.
In general, the main advantages to offshore software development is lower cost compared to home country. For example, the cost of developing the exact same software in India is 50% lower than in the US. The savings generally come from lower labor costs, but offshoring IT and software production offshore can also expand the company's access to a broader pool of workers with higher skills and expertise. This could explain why 50% of America's Fortune 500 companies use offshore IT and software development. Let's look at some of the jurisdictions where opening a software development company might be more beneficial compared to others and discuss the reasons why.
India India has long been one of the preferred software development outsourcing destinations for leading multinational companies around the world. This means that one of the biggest advantages of choosing India for your IT and software development business would be multinational demand for outsourced software development services. Meanwhile, the company would benefit from relatively lower labor costs, a broad pool of skilled workers, and a business-friendly environment with the government encouraging start-ups and small businesses. Furthermore, the IT industry is expected to grow in the early to mid teens in the coming years due to favorable political and economic initiatives by the Indian government.
United Kingdom London was recently described as the city with the most opportunities for business and took first place in terms of technology readiness. While low labor costs are not among the benefits of starting a software development business in London, there are several other benefits that could offset relatively higher wages. Numerous hubs and incubators offer young start-ups and small companies an environment with all the necessary functions and support for less than 300 euros a month. The government is also committed to supporting the software development and technology sectors with organizations such as Tech City UK and Innovate UK with the aim of accelerating the growth of IT companies. Various tax benefits are now available to IT and software development companies in London. Other benefits to consider include a skilled workforce and high-speed Internet access.
Poland Eastern Europe is becoming more and more attractive for IT and software development companies, with Poland ranking as the number one Eastern European country. While Poland may not offer as low labor costs as India, it can offer other advantages such as proximity to Western Europe and the ability to find common working hours with the rest of the world. Poland also shares a cultural affinity with the western world as well as other eastern countries. It is also believed to offer better product quality and business environment compared to lower cost targets for software development companies.
Each continent has additional jurisdictions to consider for registering an IT company - each with their own benefits and characteristics:
America: Brazil, Argentina and Chile; Asia/Pacific: China; Europe: Romania, Belarus and Ukraine. The above countries have large enough populations to have a broad labor pool and good education systems to produce skilled software developers. The business risks in these countries are manageable and the costs are reasonable compared to the USA, Canada and Western Europe.
It is important to remember that while a particular jurisdiction may be considered the best place to start an IT business for one entrepreneur, it may not be suitable for another. Consider the necessities your business is most interested in. This can be language, geographic location, regulation of specific activities, skilled labor, or cost.
The country's currency is the Central African CFA franc. The symbol used for this currency is Fr and is abbreviated as XAF. 4.3% of the country's population is unemployed. The total number of unemployed in Cameroon is 1,061,164. Cameroon exports about US$6 billion and imports about US$6.8 billion each year. The country's Gini index is 44.6. Cameroon has a Human Development Index (HDI) of 0.504. The Global Peace Index (GPI) for Cameroon is 2,349. Cameroon has a public debt equivalent to 12% of the country's gross domestic product (GDP) as estimated in 2012. Cameroon is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. The main industries in the country are petroleum exploration and refining, aluminum production, food processing, light consumer goods, textiles, timber and ship repair.
The total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Cameroon is US$67,783 billion. Every year, consumers spend around $16,364 million. The ratio of consumer spending to GDP in Cameroon is 0% and the ratio of consumer spending to world consumer market is 0.0472. The corporate tax rate in Cameroon is 38.5%. Personal income tax ranges from 10% to 35% depending on your specific situation and income level. VAT in Cameroon is 19.25%. In 2013, Cameroon received US$596.2 million in development aid. In 2014, foreign aid amounted to USD 611.8 million.
New Zealand's logistics performance index is 3.64. It indicates satisfactory performance - in general, traffic is handled well, some shortcomings in certain areas are possible, but overall the logistics system is reliable and ready to handle predictable traffic volumes.
Inch performance is rated at 3.92. This indicates good performance - customs clearance is fast and effective, in some cases it may not exist at all (e.g. at the borders of the Schengen area), which encourages international business activity; The required documents and fees are predictable and publicly available and in some cases (mainly related to visas) can be arranged at the customs office.
Infrastructure quality in New Zealand is rated at 3.67. It indicates satisfactory quality - roads, railways, ports and other facilities are capable of handling significant traffic at all times, and are also suitable for various types of transport vehicles and ships.
The quality of international shipping is 3.67. It indicates satisfactory performance - the services are reasonable and the prices are not too high and usually correspond exactly to the quality, although there is still room for improvement.
The competence of logistics service providers is rated at 3.56. The providers are competent - they ensure a good quality of their services and almost always maintain this level; Deficiencies, while still possible, are usually minor and do not discourage further use by providers.
Tracking options for shipments are rated at 3.33. It indicates satisfactory performance - the tracking systems provide all the basic information, as well as additional data about shipments; Mostly it also has a well-established cooperation with foreign and international tracking systems and usually offers information in several languages.
Tracking options for shipments are rated at 3.72. This indicates satisfactory performance - most shipments arrive on time and within scheduled time frames; late arrivals are still possible, albeit uncommon.
In New Zealand, 100% of the population has access to electricity. New Zealand has 123 airports nationwide. There are 3,026,000 internet hosts in New Zealand. The number of road motor vehicles per 1000 population in New Zealand is 591.
Road network The total length of roads in New Zealand is 94,160 km (58,521 miles). Of these, 199 km (124 miles) of roads are classified as freeways, dual carriageways, or freeways.
Gas price On average, a liter of petrol costs USD 1.71 in New Zealand. A liter of diesel would cost $0.78.