New Zealand, where you can start a business fastest

A World Economic Forum report indicated New Zealand was the top ranking country among 146 world countries in the speed to establish a company

New Zealand, where you can start a business fastest

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
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