I would add a comment about Europe (Germany in particular which I know best) - just try to start a small business in Germany. If you are foreigner - forget it. OK who can be a German citizen - 2 ways - 1) you a German by blood - it does not matter where are you born - blood comes first. 2) you are foreigner trying to get a German citizenships - even if you get it after 15 years or more stay in Germany you will be always 2nd class citizen. Reasons - a ton of reasons - too much to list it here. France - the same. Probably Netherland is better - but no much business opportunities there. England - forget it a closed class society - you have to be from inner circle.

In Germany - there are several big companies working with thousand subcontractors. Siemens for example. There is a saying in Germany - if something happens to Siemens - the same will happen to Germany. So basically to have a small business there practically you have to be a subcontractor to some of the big companies there AND better be a German citizen. Big companies there a heavily subsidized by the government. Besides Germany-Russia are so heavily interconnected so you can imagine the subsequences. The pact Molotov-Ribentrop is still not widely known but the European Union wants to make it official data of victims of fascism and socialism because again they are so close. Recently it was discovered German banks with filials in Luxemburg washing money for Iran government - this is a big theme - where the money come in Europe and why this leisure and welfare theme.

Here in US - you can register a business the next day you got your stamp in your passport if you come with a business visa. If you are born here - it is much easier of course, but not much different. I can comment about California where I came not so long time ago but enough to tell - once you understand the US specifics and have a drive you can have a success here no matter what. Opportunities are everywhere even in these hard times.

The financing possibilities - there is simply no comparison. Small business friendliness - beyond comparison. Business opportunities - beyond comparison.