NZ easiest place to start business

New Zealand can claim another top spot, we’re the easiest place in the world to set up a business.

New Zealand is the world’s easiest place to start a business globally, the World Bank Group’s Doing Business 2013 report states, launched today. According to the report, it takes just one day and one procedure to register a private company in New Zealand. New Zealand is ranked overall the third most business friendly country out of 185 economies globally.

Included in New Zealand’s strong performance were positive reforms which improved access to credit information by allowing credit bureaus to collect positive information on individuals. . .

Setting up is just the start but New Zealand ranks well for doing business too:

Singapore topped the global ranking on the ease of doing business for the seventh consecutive year. Joining it on the list of the top 10 economies with the most business-friendly regulation were Hong Kong SAR, China; New Zealand; the United States; Denmark; Norway; the United Kingdom; the Republic of Korea; Georgia; and Australia.

Topping the list of economies 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.

The ease or difficulty of setting up a business and doing business is important for attracting inward investment, creating jobs and economic growth.

Opposition MPs who want to complicate business, make it more expensive and/or difficult to employ people, increase compliance costs and meddle in the market could put all that at risk.

 

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