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PH Ranks Near Bottom in List of Best Countries For Young Entrepreneurs and Freelancers

Set yourself up for success abroad
By Lydia Belanger |
Which Country to Move to If You're Young and Want to Be Your Own Boss
Lok Yiu Cheung/EyeEm | Getty Images


Forget debates about whether you should plant roots on one of the U.S. coasts or flock to the middle of the country to forge astartup hub. If you’re thinking about making a move to pursue entrepreneurship, look beyond American borders.


Expert Market, a U.K.-based B2B product comparison site, recently conducted a study to determine the best countries for young, aspiring entrepreneurs and freelancers seeking a more flexible lifestyle. They examined data from The World Bank, The World Economic and Akamai’s State of the Internet Report.



One factor the researchers weighed heavily was cost of living -- as well as the cost of a cup of coffee, for hustlers who run on caffeine. They also took income tax rates, access to credit, access to public transportation, the ease of starting a business, average internet speeds and the prevalence of free Wi-Fi into account. Then, they compiled a ranking of the world’s 57 largest countries, based on their suitability for millennials who dream of self-employment. 

Hong Kong, a global financial hub, topped the list. It’s public transit system, relatively low personal income tax rate of 15 percent (third-lowest of the 57 countries) and access to credit propelled it to the number-one spot in the ranking. Expert Market also highlighted the United Arab Emirates, which came in fourth place, for being tax-free. 


The Philippines came in at number 54 in the list of 57 countries.


Five of the bottom 10 countries are in Central or South America, while no countries from this region made the top 10. Half of the countries in the top 10 are European countries. 



If you’re thinking of moving Down Under, consider New Zealand, rather than Australia. The larger Oceanic island nation came in 26th -- it’s more expensive to live there. 


And turns out, if you already live in America, you may want to stay put. The U.S. came in second place, thanks to good transportation, abundant Wi-Fi (more than half a million spots)  and access to credit from banks.


But if you want to get away, check out the full ranking below: 

1. Hong Kong


2. United States


3. South Korea


4. United Arab Emirates


5. United Kingdom


6. Spain


7. New Zealand


8. Estonia


9. Bulgaria


10. Czech Republic


11. Latvia


12. France


13. Portugal


14. Lithuania


15. Qatar


16. Denmark


17. Switzerland


18. Germany


19. Turkey


20. Norway


21. Romania


22. Saudi Arabia


23. China


24. Netherlands


25. Poland


26. Australia


27. Sweden


28. Hungary


29. Finland


30. Mexico


31. Japan


32. Cyprus


33. Chile


34. Panama


35. South Africa


36. Italy


37. Morocco


38. Indonesia


39. Iceland


40. India


41. Croatia


42. Egypt


43. Austria


44. Colombia


45. Brazil


46. Greece


47. Malta


48. Peru


49. Belgium


50. Ireland


51. Costa Rica


52. Slovenia


53. Ecuador


54. Philippines


55. Israel


56. Argentina



57. Uruguay






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This article originally appeared on Minor edits have been done by the editors

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