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Why Should US/UK Technology Entrepreneurs Should Consider Expanding to SE Asia

Map of Southeast Asia showing ASEAN countries with population, GDP, and per capita GDP data.

It sounds like a cliche now but there is an ongoing shift towards Asia in general and towards South East Asia in particular.  Here we will give 6 reasons for tech entrepreneurs in the West to consider moving East.

    1.   Market Size

    • ·         Based on the
      World Population data prepared by United Nations Population Division, the
      population of ASEAN will increase from 633 million people in 2015 to 717 million in 2030 and 741 million people
      in 2035, a rate of 0.85% per annum.

Infographic comparing ASEAN population to Japan, USA, EU, India, and China. ASEAN has 638.624M people.

    2.  Market Demographics

    ·        
    More than half of the people are under 30

    Infographic showing ASEAN population was 3rd largest in the world in 2014.

    Infographic showing ASEAN-6 digital population data for 2017, including Indonesia, Thailand, Malaysia, Singapore

    • 3. Tax Efficiency

    ·        
    Depending on your situation, corporate and
    personal income tax can be half of what it is in the USA

    Table showing taxation in ASEAN countries including corporate tax, VAT, withholding tax, and income tax rates.

      4. Legal Protection
  • Singapore flag and trophy, Singapore 4th, UK 7th for intellectual property protection.

      • ·        Includes both common and civil law jurisdictions
      • ·        Singapore is probably the gold standard
             5. Education System

    ·        
    Great for families

    ·        
    Great for sourcing skilled employees

    World Economic Forum higher education and training rankings for Southeast Asian countries.

    Financial Times Global MBA Ranking for 2017 Asian Schools in Global Top 100 table.

    6.      Quality of Life

    ·        
    Singapore is a very safe city

    Chart showing the world's safest cities in 2015, with Tokyo ranked first.

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