Is there an advantage starting a business in a developing country?

[Kross]

Developing countries can be tier 2 or tier 3 countries. These countries are still in the process of building infrastructure and achieving economic stability. Is there any advantage starting a business in such a country?

 

[eLdavis]

One of the major advantages of starting a business in a developing county is the lower cost of production.

 

[Kera]

A developing country might have a virgin market for most industries and that gives an edge to acquire market share.

 

[Fidelia]

A developing country might have less stringent regulations when it comes regulatory framework to set up a business.

 

[Min George]

Some developing countries are lookin for investors and might give tax considerations to businesses that come in.

 

[Suba]

As far as I know, there are several advantages to starting a business in a developing country, such as the level of technological competition and product quality is not yet high, the potential for large market growth, relatively low operational costs, etc.

 

[Trush Jodie]

I think it is the low operational costs that is the major attraction to running a business in a developing country.

 

[Augusta]

Sure you would have less starting cost to deal with. I think too you can easily gain access to funding in developed countries