Where to set up a business in Asia?

Asia is a continent with an incredible cultural wealth. This particularity gives it the monopoly of being the best place where you can expand your business to increase your income. However, you should not choose just any city in the countries of this continent. In this article, you will be told in which city you can set up the company to make better profits.

Bangalore

It is a city in India home to many venture capital giants as well as the technology talents are in India. There are already the big companies like Oracle, IBM, Cisco, infosys, TCS and others located there. this article will bring you more information to better contextualize the topic. In India, you will find the largest markets in the world. In other Indian cities, entrepreneurs work almost an hour longer than those in Bangalore. They are also older than them, precisely by three years. Indeed, the technology seems to be slightly outpacing the counterpart

Beijing

This is a city in China. It is known to all that China is becoming a country with the fastest growth in the world. Due to the amazing advances in all sectors, including technology, Beijing is undoubtedly the ideal city where you can develop your business. Today, the business procedures of all business establishments in this city are simpler than before. Businesses will pay less establishment fees, but will get great transparency. The new reforms of the Chinese government seem to make it easier for them.

Melbourne

This is a city in Australia that is counted among the top 15 cities in the entire world where you can do business. Several investments have been made in every possible sector including digital and medical technology, pharmaceuticals and professional services. The country's government has also made reforms for the growth of new businesses to attract several talents as well as investors. The major challenge of the city is funding because their fund is 86% less than that of Bangalore startups. This limitation leads to difficulties in acquiring capital for their developments, which can slow down the evolution of the company.

Daejeon

This is a city in South Korea located near the city center that in the early 20th century was nothing more than a small, almost isolated village. However, once the railroad was established, it quickly became a transportation hub. It has a total population of 1.5 million. It is in this city that part of the country's technological and scientific development takes place. It is the center of rail and road transportation. You can set up any kind of business and in any field here.

Shenzhen

It is also a city in China where the country's highest technology is concentrated. In the past, it was just a small provincial village located in Guangdong and near Hong Kong. Over the years, it has become China's leading economic zone. Its growth is considered to be the fastest in the world, which attracts more and more investors who are usually foreign companies. For example, Huawei has facilities in Shenzhen, as well as other manufacturing plants of companies such as foxconn. 

Here are some cities where you can set up your business in Asia and generate good revenues.