A recent study has looked into which cities around the world are best suited for entrepreneurs across three different industries; the top three types of businesses most commonly launched by expats. The first one is the restaurant industry, the second being a tech startup and the last one an import/export company.
The ranks were determined via a certain set of criteria. For restaurants, they looked for hospitality ecosystem, human capital and real estate cost. For tech startups, they looked at the tech ecosystem, human capital, venture capital, and the main industry for growth. For the imports/exports industry, the focus was more on the logistics ecosystem, logistics cost and the access to markets.
Lets look at the top three cities from each industry.
Restaurant Industry
1 Lisbon
Traditional dish: Bacalhau à brás
Undoubtedly Portugal’s favourite fish dish – shredded codfish with fried potato, onion and scrambled eggs.
Top restaurant: Prado
Quite a new dining experience in Lisbon, it boasts a heaviness on produce – very fitting for the vine-filled jungle decor.
2 Barcelona
Traditional dish: Bombas
Literally and explosion of flavour in your mouth. They’re stuffed mashed potato balls generally filled with meat.
Top restaurant: Lasarte
The only three Michelin-starred restaurant in Barcelona. It is architecturally splendid and gastronomically inspiring.
3 Istanbul
Traditional dish: Döner
You would’ve maybe tried this in the form of a kebab, but you’ve tried it in Istanbul.
Top restaurant: La Mouette
Enjoy the panache of two young chefs while looking out onto the city’s views.
Tech/Digital Industry
1 San Francisco
Top tech company: Apple
Surprise surprise. San Francisco is home to Silicon Valley – the tech arena of the world.
2 London
Top tech company: CDS Group
For IT consulting, custom software development and managed services.
3 New York
Top tech company: IBM
The famous computer hardware company is one of the day one companies.
Import/Export
1 Singapore
Top imports: electrical machinery
Top exports: electrical machinery
2 Shanghai
Top imports: electrical machinery
Top exports: vehicles
3 Amsterdam
Top imports: mineral fuels
Top exports: machinery
Which city would you start a business in? Let us know below.