Want to expand your business into Asia but not sure where is the best place to do this? Let’s take a look at which Asian markets present the most opportunity and value.
✅ Large Consumer Base
✅ Stable Social Status
✅ Growing Consumer Market
As the world’s 2nd largest economy and one of the fastest-growing markets. With vast opportunities for business in infrastructure, technology, engineering, healthcare, and other fields, China has ranked at the top of the list for global expansion and investment.
The participation of China in RCEP and the China-EU investment deal has further emphasized China’s ambition to strengthen business and economic ties with other countries while allowing for more open trade, with fewer challenges and fewer restrictions.
✅ Ideal Geographic Location
✅ Rapid Economic Growth
✅ Member State of ASEAN, RCEP, and CPTPP
Positioned right in the heart of SEt Asia, it’s an ideal place to trade and source goods from. With its constantly improving legal framework, young and skilled workforce, and ongoing participation in organizations such as RCEP, it remains on a steady path to economic growth.
✅ Transparent and Independent Legal and Judicial System
✅ Efficient Business Environment
✅ A Pro-Business, Open Economy
Although geographically small in size, it has developed the reputation of being a leading nation to carry out international business. Driving factors behind its success: a stable political environment, transparent and independent legal system, favorable tax regimes, and world-class infrastructure.
✅ Low Corporate Tax Rate
✅ Positive Investment Environment
✅ World-Class Infrastructure
With advanced manufacturing and high-tech industries, it leads the world in semiconductor, IT, communications, electronic precision manufacturing, and other fields. Its economy is dominated by small and medium-sized enterprises rather than large enterprise groups. Taiwan also ranked as no. 15 out of 190 countries on the World Bank’s Ease of Doing Business list in 2020.
✅ Strong High-Tech Development
✅ Mature Labour Market
✅ Solid Economic Foundation
It’s home to one of the world’s most dynamic economies and was regarded as the world’s 12th largest economy in 2020 according to Investopedia. Manufacturing and service industries play a critical role in its economy as the output of semiconductors, electronics, automobiles, shipbuilding, steel, chemicals, machinery, textiles, cosmetics, and other industries rank among the world’s top 10. In addition to the world-renowned high-speed internet services, its flat display devices such as memory, liquid crystal displays, plasma displays, and mobile phones also play a leading role in the world.
Source: INS Global
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