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The World’s Most Business-friendly Countries

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These countries were never invaded by the British

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If you are looking to set up business or are scouting for partners then New Zealand is the perfect destination for you. As per a World Bank report, New Zealand is the number one country in terms of ease of doing business. The country has a favorable business climate and a regulatory environment that is good to start or run an organization. New Zealand is also placed at the top in getting credit, registering property, dealing with construction permits and protecting minority investors.

Coming at the second spot is Singapore. The tiny country was this year displaced by New Zealand from the first position. Occupying the top spot for the past two years, Singapore was placed second in the World Bank’s 2017 Doing Business Report. Nevertheless, Singapore is still one great destination to do business as the country improved its rankings in dealing with construction permits, paying taxes, starting a business and registering property.

The European nation of Denmark is placed at the third spot. The nation, which has a conducive business environment, has seen massive investments being made by foreign companies. One of these is Bristol-Myers Squibb, which is a leading American pharmaceutical firm. Apart from Denmark, the other European countries in the top ten list in terms of ease of doing business are Norway, the United Kingdom, Sweden and Macedonia, which occupy the 6th, 7th, 9th and 10th position respectively. Hong Kong is placed at the fourth rank, South Korea at the fifth and the United States at the eighth rank.

While China, which is the second largest economy by nominal GDP, is placed at the 78th spot among the nations in terms of ease of doing business. In contrast, Taiwan, occupies the 11th spot. India, which is an emerging superpower, fares worse than China, its neighboring country. The nation occupies the 130th spot out of 190 countries. However, it has moved up one rank. The countries of Australia, Canada, Germany, and France occupy the 15th, 22nd, 17th and 29th position respectively.

Placed at the bottom ten are the African nations of Somalia, Eritrea, Libya, South Sudan, Central African Republic, Democratic Republic of the Congo, and Angola; the Caribbean nation of Haiti, the South American nation of Venezuela, and the Asian nation of Afghanistan.

Data sourced from World Bank

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