The economy of Asia comprises more than 4.5 billion people which account for more than 60% of the world population. Asia is not only the fastest
growing economic region, but also the largest continental economy by both GDP Nominal and PPP in the world.
ESPECTACULAR ECONOMIC GROWTH
In the last 3 decades, Asia has experienced steady growth in its economy, more than any other continent. With such a very dense population, her continued economic growth remains a good indication of her strong markets and efficient workforce.
LARGE CONSUMER MARKET
As earlier stated, Asia’s 4.5 billion population has been a strong driver for its economic growth. Very populous Asian countries like China, Vietnam, and India have a very robust economic framework. A very large population equals a very large consumer market. Also, because of its population, it is safe to say that the region is responsible for most of the world’s growth.
SMALL COUNTRIES STRIVE AS WELL
Even small countries in the continent have had their share of the massive economic growth over the years. Investment from other parts of the globe has especially jump-started manufacturing and consumer-focused companies in China and Southeast Asia. Cambodia, Mongolia, and Vietnam are one of such countries that have benefited immensely from these investments.
ASIA HAS EVERY TYPE OF INVESTMENT OPTION
Asia’s economies have a very wide range of investment options that cannot be found elsewhere. The strength of each Asian country complements the other, and, thus, you can find all types of markets in Asia. Here you can find both developed nations and frontier markets in Asia, hence the advantage.
ASIA IS VERY BUSINESS FRIENDLY
Low corporate tax rates
Comprehensive double tax treaty networks
Employment law regimes allow qualified foreigners to work in Asia
Good intellectual property protection
Access to a comprehensive and highly sophisticated banking network
100% foreign business ownership is largely permitted
Share transfers are freely allowed
THE ASIAN TOURISM INDUSTRY IS ON THE RISE
The Asian tourism industry has tripled in size over the last 10 years. Asia accounts for more than 50% of air passenger growth in the last 10 years. The well-developed infrastructure and the numerous tourist attraction in Asian countries have made the tourism industry a sector worthy of your investment. Although the Covid-19 pandemic has hit the tourism industry hard, it promises to bounce back in 2021 and beyond.
ASIA IS THE INNOVATION OF THE WORLD
Asia is the Innovation Hub of the World . The last 20 years have seen Asia dominating the technological sector. In countries like Japan, Hong Kong, and China, the technology sector remains a major economic driver. Asia is largely financing its innovation, without global interference. The continent is responsible for about 71% of its venture capital funding. In 2018, 47% of start-up funding all over the world took place in Asia. This domination of the tech space makes Asia a very good choice for investment.