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Expats jump into Asia's tech hubs

Asia is currently the world’s fastest-growing region, and foreigners are beginning to spot opportunities to found their start-ups in Asian countries.

“What I’m seeing is a real increase in entrepreneurship and a real increase in mobility, especially among younger entrepreneurs,” said Peter Wall, cofounder of Hubud, a coworking space in Bali, Indonesia.

However, it is not easy to set up a foreign start-up across the region. While some hubs are keener to globalize and attract foreigners, others have a lot of red tape and legal barriers.

Despite varying difficulty levels by region, many foreigners are still willing to realize their start-up goals in Asia.

“I have this theory that the more difficult it is to do things, the more resourceful you become and the more successful you become,” Wall said.

The advantages of setting up in Japan are its huge market, solid infrastructure and world-leading robotics industry.

China is the leading “mobile-first” (first encounter with Internet via mobile) market in the world. There are foreign start-ups across many different industries, such as games, education, business-to-business and hardware.

Low taxes, transparency and a preexisting entrepreneurship culture have earned Singapore the reputation as the No. 1 place for foreign start-ups in Asia.

Indonesia, especially in cities like Jakarta and Bali, has become a booming start-up market in the last few years for both foreigners and locals. Current start-up trends for both locals and foreigners are payments solutions, e-commerce and mobile.

Expats jump into Asia's tech hubs