Disclaimer: You asked for advice. We’re providing it. But as with anything else, make sure you check with the actual professionals to make the right decision for your specific situation.
“For an entrepreneur interested in starting a Blockchain/Media start-up, which Caribbean, Latin America, West or East African nation do you recommend relocating to?” – C.S.
First things first, I will admit that Blockchain is not my ministry, so take this advice with a grain of salt. Secondly, I believe picking a host country is a rather personal decision and I tend to stay away from making specific country recommendations because I generally don’t know enough about someone’s life to do so. Your choice will be driven by your particular needs, wants and, honestly, your finances.
That said, because you’ve already know your regions of interest, you have already begun to narrow down your country options. You will need to further compare geographic preferences in tandem with your business priorities. Blockchain/cryptocurrency is a relatively new market for many countries and you have to determine if your desired regions have the financial and political infrastructure to support your business goals.
Business development strategist and seasoned expat Christine Job has previously offered solid advice for those who are looking to be overseas entrepreneurs here and here. Amongst her recommendations, prospective business owners should research visa requirements, labor laws, tax implications, and support networks amongst other concerns. As a business owner, you have to know where you can legally & effectively run your business.
At the same time, I would conduct a practical online search to see what pops up. Undoubtedly, there will be a few countries that are probably leading in your desired business spaces. I would also connect with online expat groups in your identified regions and ask around to get general feedback. Not only would I ask questions related to my business interests but I would also ask general questions about launching a digital business in general. You would be surprised at the level of difficulty depending on the country. You can then compare your findings to your list of geographical, entrepreneurial and professional priorities.
Based on that information, you will figure out what is most negotiable amongst your preferences and determine if you’re open to locations outside of your geographical choices. From there, you should have a list to build on.
Thinking about life abroad & have a question? Ask The Black Expat.