Startups Without Borders has compiled a list of the 29 countries most favorable to the creation of startups for entrepreneurs and investors. Three African countries are included, namely Tunisia, Rwanda and South Africa. The Maghreb country is positioned first on the continent, and 23rd in the world.
The title of the index is “Startup Visa Programs Attractiveness Index”. It is based on criteria such as the business environment, the maturity of the ecosystem and the visa program. Despite its place at the back of the pack, Tunisia is positioned ahead of developed countries like Japan and Australia.
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Elements such as the Startup Act have made Tunisia stand out. It is a regulatory framework that establishes an official status for startups, and facilitates their creation and support. Rwanda, second in Africa, is the 26th in the world. South Africa is second to last.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer