LONDON – The World Bank’s Doing Business rankings measure the best countries in the world to set up business and be an entrepreneur, taking a range of factors into consideration.
Countries are given overall scores for “ease of doing business,” and are assessed on the following 10 factors:
- 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
There are 190 countries ranked overall, with South Sudan, Venezuela, Eritrea and Somalia ranking this year in the bottom four places.
Keep scrolling for the top 12 countries to do business in:
12. Estonia — down one place from 2016, Estonia ranks 6th for registering property, but 42nd for resolving insolvency and 53rd for protecting minority investors.
11. Taiwan — down one place from last year, Taiwan ranks 2nd for ease of getting electricity, but comparatively 62nd for getting credit and 68th for trading across borders.
- Wikimedia Commons
10. Macedonia — coming in at 16th place last year, this country has jumped up the rankings. Macedonia ranks 4th for starting a business, although does less well in ease of registering property, coming in at 48th.
- Wiki Commons
9. Sweden — this country has maintained its position in the ranking since last year. Although it ranks 6th for getting electricity, it comes in at 75th place for getting credit.
8. USA — the United States has fallen one place since last year, but has maintained its position in 2nd place for ease of getting credit. For protecting minority investors, however, the USA comes in in 41st place.
- Orhan Cam/Shutterstock
7. UK — this country has slipped down once place since last year. It ranks 6th for protecting minority investors, but much less well, 47th, for registering property.
6. Norway — this country has jumped up two places since last year, and comes in fourth for the enforcing contracts. However, it comes in at 43rd for dealing with construction permits.
- Jørn Eriksson, Flickr
5. South Korea — this country has slipped down one place since last year. It comes in first for ease of getting electricity and for enforcing contracts, but 32nd for trading across borders.
4. Hong Kong — this country has risen one place since last year, and comes in third for starting a business, getting electricity, protecting minority investors and paying taxes. For registering a property, however, it sits way down in 61st place.
- Ronnie Chua/Shutterstock
3. Denmark — this Scandinavian country has fallen one place since last year, but has maintained its position in first place for trading across borders. For ease of getting credit, however, it ranks 32nd.
2. Singapore — this country has risen one place since last year, and has maintained the top spot for protecting minority investors. It also comes in second for enforcing contracts, although is in 29th place for resolving insolvency.
- Jirka Matousek/Flickr
1. New Zealand — this country is still in the top spot. It has also maintained its position in first place for starting a business, dealing with construction permits, registering property, getting credit and protecting minority investors. It ranks most poorly for trading across borders, coming in in 55th place.