Among the countries considered, the five countries that would be most suitable for immediate establishment of a BFSI subsidiary are Kuwait, South Africa, New Zealand, Peru and Latvia. Kuwait, located on the northeastern tip of the Arabian Peninsula and with a high income level (Kuwait, 2016), currently holds approximately 7% of the world's oil reserves (Kuwait Country Commercial Guide, 2017). Thus, the country has a thriving economy that may be well suited to additional financial services, such as insurance and credit services offered by a BFSI subsidiary. Located in the Arabian Peninsula, Kuwait could also be the key the subsidiary needs to enter the Middle East market. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”? Get the original essay South Africa is an ideal country to develop due to its economic and financial stability and strength, which This was proven during the 2008 financial crisis, and the undeniable fact that it is the main entry point into the sub-Saharan African market, with companies in the country generally accepting various partnerships with American companies ( South Africa Country Commercial Guide, 2017). Besides the low risk of investing in South Africa, thanks to its financial stability, South Africa has English as its main language, which will make doing business there easier, it has a growing middle class, which will need an increasing number of It was also ranked first country in the Doing Business in Africa ranking, which promotes the ease of doing business in South Africa. (South Africa Country Business Guide, 2017). Additionally, being a popular tourist destination in Africa, South Africa will ensure globalization of services for tourists there. Although New Zealand is a country of only 4.5 million people, it has an incredibly stable democracy with a GDP of $40,695 per capita, a high overall education ranking for its public with a ranking of 17 in mathematics as well as a high income (New Zealand, nd). Not to mention that New Zealand is known for its ways of doing business with honesty and integrity and for its business practices that are easily comparable to those of the United States, which will allow the subsidiary to adapt more easily to the environment ( New Zealand National Business Guide, 2017). New Zealand is ideal with its small market size and remains an attractive prospect thanks to its honest procedures. Peru is currently the economic leader in Latin America, with a projected annual GDP growth of 3.99% by 2020 (Peru, nd), and will provide an excellent opportunity for a BFSI subsidiary to promote BMC's products in the ever-developing country of Peru. While Peru's economy is growing steadily, the poverty rate continues to decline and political tensions are decreasing day by day. Peru is ranked among the top 100 countries studied in terms of ease of doing business (Peru Country Commercial Guide). , 2017). The current president of Peru, Pedro Pablo Kuczynski, is a former World Bank official who now promises macroeconomic stability in Peru (Peru Country Commercial Guide, 2017), which will also be beneficial for the BFSI subsidiary. Keep in mind: This is just a sample .Get a custom paper from our expert writers now.Get a custom essay Latvia is an advantageous geographical location for the Eastern European region in because of its very transport systems..