Every year the World Bank issues a list of countries, ranked in order of ease of doing business with their Ease of Doing Business Index.
So gaining a Number 1 status, the best, is the aim of all countries. Singapore has again won this top position. This is an on-going accolade which they have won over the last 10 years.
Winning second place is New Zealand followed by Denmark, Korea, Hong Kong SAR China, United Kingdom and the USA. In total 189 countries are listed.
The index averages the country’s percentile rankings on 10 topics covered in the World Bank’s Doing Business. The topics include starting a business, dealing with construction permits, getting electricity, registering property, obtaining credit, taxes and cross border trading.
The World Bank stated the top countries have “efficient and transparent functioning of businesses and markets”.
We are seeing business thrive in Singapore and are pleased to be helping many of them with corporate support services and recruitment. Call us to see how we can help you join this thriving area now.