North America is among the unique areas of the world. It is home to the world’s superpower, the United States, and is surrounded by countries that are full of vibrant cultures. Although there are 23 countries in North America, only 3 languages are dominantly spoken namely:
- English
- Spanish
- French
Hence, those who want to communicate or work with North American countries must avail services from a language translation company.
There are various reasons for availing translation for North American countries ranging from education, immigration, business, and leisure activities. We will discuss this in more details later on.
North American Countries & Their Native Language
The number of speakers for English, Spanish and French in North America are 300+M, 200M and 16M respectively.
Considering the linguistic diversity in the region, translation services are usually used to eliminate the language barrier and ensure smooth communication. Also, there are country-specific translations that take cultural nuances into consideration. For instance, a Canadian French translation company will provide tailor-made translation solutions for Canadian French speakers. Similarly, American Spanish translation companies are also common.
Alphabetic List of Countries and Language Spoken:
- Antigua and Barbuda: English
- Bahamas: English
- Barbados: English
- Belize: English, Spanish
- Canada: English, French (French is the predominant language in Quebec)
- Costa Rica: Spanish
- Cuba: Spanish
- Dominica: English (French Creole is also spoken)
- Dominican Republic: Spanish
- El Salvador: Spanish
- Grenada: English
- Guatemala: Spanish
- Haiti: French, Haitian Creole
- Honduras: Spanish
- Jamaica: English, Jamaican Patois (a Creole language)
- Mexico: Spanish
- Nicaragua: Spanish
- Panama: Spanish
- Saint Kitts and Nevis: English
- Saint Lucia: English (French Creole is also spoken)
- Saint Vincent and the Grenadines: English
- Trinidad and Tobago: English
- United States: English
Top 3 Countries for Business in North America
The best country to set your business in depends on your specific business needs. However, I have shortlisted three North American countries that are best known for their ease of doing business, favorable policies, economic freedom, and overall favorable business environment.
The United States of America
The USA is arguably the world’s most successful country, along with being the richest. There is no doubt that it is the best country in North America, if not the world, to start a business. It has the world’s largest GDP economy and a skilled workforce. With economic hubs like Silicon Valley, the US boasts an environment for entrepreneurs to thrive. Though some US regions have high costs of living and weird regulations, it is still the best country for business.
Canada
Canada has political stability and a constantly increasing workforce that is both educated and ready to work. The transparent business regulations, free trade agreements, and a focus on technology make the country suitable for business. However, to do business in the entire region of Canada you will require services from a Canadian French translation company. The entire state of Quebec has French as its official language and requires all paperwork in French. Other regions can do with both English and French.
Mexico
If you follow pop culture and Hollywood movies, you may think that Mexico is a completely Narco state with poverty, corruption, and poor living standards. While this might have been the case a few decades ago, things are quite different now. Mexico has a growing domestic market that is gaining buying power. It is strategically placed right next to the USA, so it is great for cheaper labor for US products. The cost of living is relatively low, and the government is continuously creating an environment for improving the business climate. But the country still has to control corruption and crime further. Given Mexico has various dialects of Spanish, it is wise to utilize services from a language translation company, who are well-versed in such manners.
Factors to Look for When Choosing a Business Location In North America
Though, we have defined three of the best countries for doing business in North America. There is still a chance that your specific business might suit another region. So, here are a few things that might help make a better decision:
Market Size & Access
You need to be aware of your potential customers, are there enough of them? How willing are they to buy your product? Also look at their import laws, chances are that strict laws can mean less favorable conditions for foreign businesses or that too much red tape can actually harm your business in various ways.
Tax
What are the tax rates? Look for all types of direct and indirect taxes that can apply to you and your business. Sometimes certain businesses may have tax break incentives, while others may be heavily taxed.
Cost of Labor & Regulations
Look at what the minimum to maximum wages are and what benefits are you legally obliged to provide to hire employees. Also look for restrictions on foreign workers, as this could be a sign not to expand in the region.
Infrastructure
Look at the transportation system, it needs to be reliable and provide access to areas you may need in your route.
By carefully assessing the various factors mentioned in this blog, you have the critical thinking to choose the best fit for your business in North America.
