It’s long been a tradition for entrepreneurs in the U.S. looking to be their own boss to move to the West Coast to embrace the startup culture across the region. However, according to a recent article in Entrepreneur Magazine, young entrepreneurs looking to become their own boss might want to consider moving outside of the country.

The B2B product comparison site Expert Market recently conducted a study to determine the best countries for young, aspiring entrepreneurs who are looking for a more flexible lifestyle. They took a lot of factors into consideration when ranking the best countries for young entrepreneurs, including cost of living, income tax rates, access to credit, access to public transportation, the ease of starting a business, average internet speeds and access to free Wi-Fi. The study also took the cost of a cup of coffee into consideration.

Hong Kong earned the top spot on the list, followed by the U.S., South Korea, the United Arab Emirates and the United Kingdom. Spain, New Zealand, Estonia, Bulgaria and the Czech Republic then rounded out the top five.

To read the original article and check out the full list, click here.

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Cassidy McAloon

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Cassidy McAloon

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Cassie has over five years of digital and traditional media experience. She joined NLA after working as a television news producer in both Milwaukee and Chicago, and now specializes in aligning strategies across the board for her clients, ultimately building buzz and telling compelling stories through content marketing, social media, digital campaigns and traditional PR.

Cassie has a Bachelor of Arts in Broadcast and Electronic Communications from Marquette University. In her spare time, Cassie enjoys traveling and exploring what new cities have to offer in addition to spending time with her friends and family.