The Republic of Georgia is probably the last bastion of the free market in the world. I don’t know how long it will stay that way since people have a way of not appreciating a good system when they have it, and instead only want what they perceive as better elsewhere. But so far the Georgians haven’t screwed things up too bad.
Currently you can get a Georgian citizenship in around six months if you come from the right countries, and a legal residency in about one month. Prices are reasonable, and the cost of living in Georgia is very good. If you have some income from outside Georgia you can live very well for very little. And we are not talking about a third world hell hole. Everything works here, and it is only getting better.
If you wish to start a business, I believe Georgia is an ideal location. The Georgians themselves are new to the concept of free enterprise and entrepreneurial business. They do not entirely understand it. But they won’t stand in your way either. If you have a good or service that you know how to provide, and you price it right, you can make money here. I have already seen a lot of success stories from immigrants.
For information on citizenship, see: http://firstauthorityadvisors.com/why-you-need-a-second-passport/
For information on residency, see: http://firstauthorityadvisors.com/georgian-residency-and-relocation-program/