New Zealand remains a stupidly easy place to start a business – if you put any stock by the World Bank Group, that is.
Its 2013 Doing Business report rates New Zealand as the third most business-friendly country out of 185 economies globally, with just one day and one procedure required to register a private company.
Singapore topped the global ranking on the ease of doing business for the seventh consecutive year.
Countries that registered the biggest improvements in the ease of doing business over the last year were Poland, Sri Lanka, Ukraine, Uzbekistan, Burundi, Costa Rica, Mongolia, Greece, Serbia, and Kazakhstan.
Since 2005, the average time to start a business has fallen from 50 days to 30, the World Bank Group found, and in low-income economies the average has been reduced by half.
Top 10 business-friendly countries:
- Hong Kong
- New Zealand
- Republic of Korea