In its 2019 edition of its "Doing Business" index, various factors are assessed, including starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes ...
The 33 best places to do business around the world - Business Insider
The US was ranked as the eighth country in which it's easiest to do business.
Business owners face hurdles when it comes to starting out or keeping things afloat.
To assess which countries in which it's easiest to set up or maintain a business, the World Bank publishes a "Doing Business" index each year, based on various factors.
Below are the 33 countries in which it's most straightforward to do business, according to the index.
Whether it comes to starting out or keeping things afloat, business owners can often face hurdles when it comes to red tape, taxes, work legislation, or high energy bills - but to what extent are their complaints justified, based on their location?
To answer this question, the World Bank publishes a "Doing Business" index each year.
In this index, 190 countries are analysed based on the pros and cons they offer companies based there.
Read more: These are the 21 best cities in the world to find a job
To effectively analyse each country, the World Bank lays out ten categories for different phases of business activity.
In its 2019 edition of its "Doing Business" index, various factors are assessed, including 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 and labor market regulation.
It then uses these factors to create an EODB score, where it ranks the countries in order of "ease of doing business".
Here are the 33 countries in which it's easiest to conduct business, according to the World Bank.
33. Poland — 76.95 points
Poland is the the ninth largest country in Europe by land area.
Poland's EODB score decreased by 0.36 points from 2017 to 76.59.
32. France — 77.29 points
Lavender fields in Provence, France.StevanZZ/Shutterstock
Since the previous year, France's EODB score has risen by 0.36 points to 76.59.
31. Russia — 77.37 points
Russia shares borders with Norway, China, Ukraine, and North Korea.
Flickr Creative Commons
Russia's EODB score has gone up by 0.61 points to 77.37 since 2017.
30. Spain — 77.68 points
Spain was once a number of separate kingdoms with different languages.Nathan Rupert / Flickr Creative Commons
Since 2017, Spain's EODB score has risen by 0.07 points to 77.68.
29. Rwanda — 77.88 points
Rwanda is also known as the Land of a Thousand Hills, due to the country's rolling, grassy landscape.
Rwanda's EODB score rose by 4.15 points to 77.88 from 2017.
28. Kazakhstan — 77.89 points
Ski slopes in Kazakhstan.M.Igor/Shutterstock
Since the year before, Kazakhstan's EODB score has risen by 0.73 points to 77.89.
27. Thailand — 78.45 points
Thailand is the only Southeast Asian country never to have been colonised by a European country.Vyacheslav Argenberg via Flickr
Thailand's EODB score has increased by 1.06 points to 78.45 from the previous year.
26. Austria — 78.57 points
The name Austria derives from the Germanic "austro" meaning "east".Shutterstock / Ivannovi
Since the previous year, Austria's EODB score has risen by 0.03 points to 78.57.
25. Azerbaijan — 78.64 points
A view of Sheki, Azerbaijan.Shutterstock/Hasanov Jeyhun
Since 2017, Azerbaijan's EODB score has risen by 7.10 points to 78.64.
24. Germany — 78.90 points
Hannover in Germany.
Germany's EODB score remained the same as in 2017, at 78 points.
23. Ireland — 78.91 points
The Giant's Causeway off the coast of Northern Ireland.
Since the previous year, Ireland's EODB score dipped by 0.51 points to 78.91.
22. Canada — 79.26 points
The Chateau Frontenac in Quebec, Canada.Shutterstock
Since the year before, Mauritius' EODB score rose by 0.38 points to 79.26.
21. Iceland — 79.35 points
Iceland's EODB score increased by 0.05 points to 79.35 since the year before.
20. Mauritius Islands — 79.58 points
Mauritius is predominantly Hindu and the official languages spoken there include English, French, and Creole.
Since 2017, Mauritius' EODB score rose by 1.29 points to 79.58.
19. Latvia — 79.59 points
Riga, Latvia.Bryan Ledgard / Flickr Creative Commons
Latvia's EODB score has dipped by 0.33 points to 79.59 since the year before.
18. Australia — 80.13 points
A view of the Sydney Opera House in Australia.
Gaye Gerard/Getty Images
Since the previous year, Australia's EODB score has dipped by 0.01 points to 80.13.
17. Finland — 80.35 points
Helsinki in Finland.
Estea / Shutterstock.com
Since 2017, Finland's EODB score has risen by 0.05 points to 80.35.
16. Estonia: 80.50 points
The Tallin Christmas market in Estonia.Nathan Lund/ Wikimedia Commons
Estonia's EODB score has increased by 0.01 points to 80.50 since the previous year.
15. Malaysia — 80.60 points
Kuala Lumpur, Malaysia.
Since the year before, Malaysia's EODB score has risen by 2.57 points to 80.60.
14. Lithuania — 80.83 points
There are about 6,000 lakes in Lithuania.Flickr Creative Commons / specchio.nero
Lithuania's EODB score has increased by 0.29 points to 80.83 since the year before.
13. Taiwan — 80.90 points
Commonly known by the name "Taiwan", the country's official name is the Republic of China.
Since 2017, Taiwan's EODB score increased by 0.24 points to 80.90.
12. Sweden — 81.27 points
Sweden is the fifth biggest country in Europe by area.
There was no change to Sweden's EODB score, which remained at 81.27.
11. United Arab Emirates — 81.28 points
Dunes in the desert around Dubai.
Since the year before, the UAE's EODB score has increased by 2.37 points to 81.28.
10. Macedonia — 81.55 points
The Skopje "Eye Bridge" is in Macedonia.Flickr
Macedonia's EODB score has increased by 0.32 points to 81.55 since 2017.
9. United Kingdom — 82.65 points
The city of Liverpool, United Kingdom.Flickr/Beverley Goodwin
The UK's EODB score has increased by 0.33 points to 82.65 since the previous year.
7. Norway — 82.95 points
The fjords of Norway.
Since 2017, Norway's EODB score has increased by 0.25 points to 82.95.
6. Georgia — 83.28 points
Georgia's EODB score has increased by 0.48 points to 83.28 since the previous year.
5. South Korea — 84.14 points
The name "Korea" comes from Goryeo, which is what it was called in 918AD.
Kim Hong-Ji / Reuters
Since 2017, South Koreas's EODB score has decreased by 0.01 points to 84.14
4. Hong Kong — 84.22 points
Hong Kong can be translated to "Fragrant Harbor".
Hong Kong's EODB score has increased by 0.04 points to 84.22 since the previous year.
3. Denmark — 84.64 points
The Little Mermaid, Denmark.
Pocholo Calapre / Shutterstock.com
Denmark's EODB score has increased by 0.59 points to 84.64 since 2017.
2. Singapore — 85.24 points
A view of Singapore's skyline at sundown.
Since the year before, Singapore's EODB score increased by 0.27 points to 85.24.
1. New Zealand — 86.59 points
New Zealand is famous for its lush hills and rolling landscape.
New Zealand had no change in its EODB score, which remained at 86.59.
Read the original article on Business Insider España.
This post has been translated from Spanish.
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