Saturday, December 1, 2018

These are the 33 best places to do business around the world, according to the World Bank - Business Insider

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.

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