In the World Bank's latest "Doing Business" report, an annual ranking of countries by the ease of doing business in each, Singapore retains the top spot as the country that is the easiest to do business in. The tiny island nation has dominated this list for the past six years. It takes just three days to start a business in Singapore, according to the report, which is lower than the OECD average of five days and significantly lower than Asia's average of nearly 30 days.
In the annual ranking, the U.S. trails only Singapore, Hong Kong and New Zealand. Business in the U.S. still complain about the corporate tax code, however.
The World Bank has once again ranked Singapore as best place to do business, but Malaysia is quickly catching up with its neighbor, ahead of all the other countries in Southeast Asia.
Since 2004, the World Bank has produced the annual Doing Business report, which ranks countries on ten factors reflecting the ease with which entrepreneurs and businesses may conduct economic activity in a given country.
The world's easiest countries to do business with aren't global giants like China, Brazil, and India, according to a new World Bank ranking: T he small and well-organized economies of Singapore and New Zealand led 187 nations in the...