What are the World’s most Business-friendly Countries?
If you are looking to set up a 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, which has retained the number one spot, 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 starting a business, getting credit, and registering property.
Singapore was placed second in the World Bank’s 2018 Doing Business Report. Singapore is a great destination to do business and has a conducive business environment. The European nation of Denmark is placed at the third spot. The nation, which has a favorable business environment, has seen massive investments being made by foreign companies in recent years. One of these is Bristol-Myers Squibb, which is a leading American pharmaceutical firm. The other countries and regions among the top 10 in the World Bank’s 2018 Doing Business Report were South Korea, Hong Kong (China), United States, United Kingdom, Norway, Georgia, and Sweden.
China, which is the second largest economy by nominal GDP, was placed at the 78th spot among the nations in terms of ease of doing business. In contrast, Taiwan (China), occupied the 15th spot. India, which is an emerging superpower, occupied the 100th spot. Last year, it was placed at the 130th spot. Australia, Canada, Germany, and France occupied the 14th, 18th, 20th and 31st position respectively.
Placed at the bottom ten are Somalia, Eritrea, Venezuela, South Sudan, Yemen, Libya, Central African Republic, Afghanistan, Democratic Republic of Congo, and Haiti.
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