World Bulletin/News Desk
A World Economic Forum (WEF) report indicated that among 146 countries New Zealand ranks first in terms of the time it takes to establish a company.
According to WEF's Global Competitiveness Report 2013–2014 published on September 3, the period of time required to start a business is shortest in New Zealand, where only one day is needed.
New Zealand is followed by Australia, Georgia, Macedonia, Hong Kong with the fastest processes and procedures to found a company.
According to WEF's research, the worst-ranked country in terms of the time required to start a business is Suriname, where the process requires 694 days, or almost two years.
Other countries which rank low in quickly establishing a business are Brunei Darussalam, Haiti, Brazil and Venezuela.
The WEF's survey on global competitiveness is the best estimate of the competitiveness of national economies. It is a useful portrait of the economic environment and the capacity of countries to achieve sustainable levels of prosperity and economic growth.Last Mod: 17 Eylül 2013, 16:19