Among the countries considered, the five most suitable for the immediate creation of a BFSI subsidiary are Kuwait, South Africa, New Zealand, Peru and Latvia. Kuwait, located in the northeastern corner of the Arabian Peninsula, with a high-income society (Kuwait, 2016), currently holds approximately 7% of the world's oil reserves (Kuwait Country Commercial Guide, 2017). Therefore, the country has a thriving economy that may be suitable for additional financial services, such as insurance and credit services offered by a BFSI branch. Being 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 Shouldn't Be Banned"? Get an original essay South Africa is an ideal country to expand due to its economic and financial stability and strength, demonstrated during the 2008 financial crisis, and the undeniable fact that it is the main place of entry into the sub-Saharan African market , with companies in the country generally accepting various partnerships with US companies (South Africa Country Commercial Guide, 2017). In addition to the low risk involved in investing in South Africa, due to its financial stability, South Africa has English as its main language, which will make it easier to do business there, it has a growing middle class, which will need a number growing financial services industry and has been ranked as the top country in Doing Business in Africa, which promotes the ease of doing business in South Africa. (South Africa Country Business Guide, 2017). Furthermore, being a popular tourist location in Africa, South Africa will ensure the globalization of services for tourists there. Although New Zealand is a country of only 4.5 million people, it has a remarkably stable democracy with a GDP of $40,695 per capita, a high overall education rating for its public with a 17th place in maths and a high income (New Zealand, n.d.). Not to mention, New Zealand is known for its means of conducting honest and integrity-filled business and has business practices that can easily be compared to those of the United States, which will make it easier for the branch to adapt to the environment (New Zealand National Business Guide, 2017). New Zealand is ideal with its small market size and remains an attractive prospect with its honest processes. Peru is currently the economic leader in Latin America, with a projected annual GDP growth of 3.99% by 2020 (Peru, n.d.), and will represent a great opportunity for a BFSI subsidiary to promote BMC products in the nation in constant development of Peru. As Peru's economy grows steadily, the poverty rate continues to decline and political tensions diminish daily, and it has been ranked in the top 100 among countries surveyed 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 for Peru (Peru Country Commercial Guide, 2017), which will also be beneficial for the BFSI subsidiary. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Latvia is an advantageous geographical location for the Eastern European region due to its highly developed transportation systems which can be helpful in providing an economic and financial gateway for the company to make an effective entry into Europe 'East across the.