The ease of doing business index is an index created by the world bank. A high rank indicates simpler, better regulations for businesses and better law enforcement and property rights. The index is calculated based on laws and regulations, with the participation of thousands of government officials and worldwide independent consultants. Many factors are taken into account for defining a rank:
- Procedures, times, cost and capital required to start up a new business
- Dealing with permits in general, construction permits, procedures, time and cost
- Employment issues, ease of recruitment, labor cost and laws
- Registering property: procedures, time and cost
- Ease of getting banking facilities and credits
- Investors protection and law enforcement
- Tax rates
- Import and export facilities
RANKING:
1- Singapore
2- Hong Kong
3- New Zealand
4- United Kingdom
5- United States
6- Denmark
7- Canada
8- Norway
9- Ireland
10- Australia
11- Saudi Arabia
12- Georgia
13- Finland
14- Sweden
15- Iceland
16- South Korea
17- Estonia
18- Japan
19- Thailand
20- Mauritius
21- Malaysia
22- Germany
23- Lithuania
24- Latvia
25- Belgium
26- France
27- Switzerland
28- Bahrain
29- Israel
30- Netherlands
31- Portugal
32- Austria
33- Taiwan
34- South Africa
35- Mexico
36- Peru
37- Cyprus
38- Macedonia
39- Colombia
40- United Arab Emirates
41- Slovakia
42- Slovenia
43- Chile
44- Kyrgyzstan
45- Luxembourg
46- Hungary
47- Puerto Rico
48- Armenia
49- Spain
50- Qatar
