BEIJING — New Zealand has been named the easiest place in the world to do business, followed by Singapore and Denmark, according to Doing Business 2019: Training for Reform, a report released by the World Bank.
Starting a new business in New Zealand has the smallest number of required procedures (one) and the shortest time to fulfill them (half a day).
The ranking uses 11 indicators to measure aspects of business regulation across 190 economies worldwide. These indicators are: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency and labor market regulations.
Chinese mainland, ranking 46th this year, is among the top 10 in terms of improvement.
Let’s take a look at the 10 easiest places in the world to do business.
No 10 Macedonia
The statue “Warrior on Horse” on the main square, Macedonia, September 28, 2018. IC via China Daily/Asia News Network
No 9 United Kingdom
The tourist attraction, the London Eye (L), and the Houses of Parliament (R) are pictured as the sets over River Thames in central London on November 5, 2017. VCG via China Daily/Asia News Network
No 8 United States
Midtown Manhattan in New York. VCG via China Daily/Asia News Network
No 7 Norway
A view of the city hall in Oslo, Norway. IC via China Daily/Asia News Network
No 6 Georgia
Georgian musicians wearing national dresses sing during the ‘Tbilisoba’ annual Arts Festival in Tbilisi on October 15, 2016. VCG via China Daily/Asia News Network
No 5 South Korea
Attendees try out a Samsung Electronics Co Galaxy Note 9 smartphone during a pre-sale event organized by KT Corp in Seoul, South Korea, on Aug 20, 2018. VCG via China Daily/Asia News Network
No 4 Hong Kong, China
Tourists take photos with the skyline in the background on a Kowloon promenade that runs along Victoria Harbour in Hong Kong on Sept 26, 2017. VCG via China Daily/Asia News Network
No 3 Denmark
People walk beneath Japanese cherry trees in full bloom at Bispebjerg Cemetery in Copenhagen on April 20, 2018. IC via China Daily/Asia News Network
No 2 Singapore
Marina bay Sands of Singapore. VCG via China Daily/Asia News Network
No 1 New Zealand
A night view of Queenstown, New Zealand, Dec 10, 2016. VCG via China Daily/Asia News Network