New Zealand is the country in the world that offers the best conditions for doing business to its local companies, ahead of Singapore and Denmark, according to the latest "Doing Business" report published by the World Bank. Spain ranks 30th in this ranking.
The "Doing Business" report analyzes and ranks the economies of a total of 190 countries according to the ease they offer small and medium-sized enterprises to launch and operate businesses. To do this, it takes into account ten different criteria, including the ease of starting a business, obtaining credit, and cross-border trade, among others.
Hong Kong ranks fourth in the ranking, ahead of South Korea, Georgia, Norway, United States, United Kingdom, and Macedonia, which complete the top ten spots.
Ahead of Spain are the economies of Germany, Azerbaijan, Austria, Thailand, Kazakhstan, and Rwanda. And immediately behind appear Russia, France, Poland, and Portugal.
The "Doing Business" report allows for the establishment of a ranking of all economies for each of the 10 criteria analyzed, which are the following:
- 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
The "Doing Business 2019" report by the World Bank, published on October 31, 2018, aims to help drive regulatory reforms in all economies to facilitate the development of business activity. This past year has seen a record number of 314 regulatory reforms implemented in 128 economies. The region of the world with the highest number of reforms is Sub-Saharan Africa, with 107 reforms.
The "Doing Business" project was launched by the World Bank in 2002. Since then, it analyzes and compares the regulations governing the activities of small and medium-sized local businesses throughout their life cycle in a total of 190 economies.