The World Bank Group's annual Doing Business report highlights the ease of operating a business across various countries, with New Zealand leading the pack. The report evaluates countries based on 12 key factors, including starting a business, dealing with construction permits, and accessing finance. New Zealand's top position is attributed to its efficient business start-up process, taking only half a day. Singapore and Hong Kong follow closely, showcasing strong regulatory environments that support business operations. Notably, Georgia and Lithuania have made significant strides, with Georgia ranking 7th due to improvements in contract enforcement and Lithuania enhancing electricity access through digital applications. The United States, while a major economic power, ranks 6th, indicating room for improvement in certain regulatory areas. The presence of several European countries like Denmark, Norway, and the UK in the top 10 underscores the region's commitment to fostering business-friendly environments. Meanwhile, countries like Mauritius and Malaysia demonstrate that smaller economies can also excel in creating conducive business climates. This report serves as a valuable tool for investors and policymakers, offering insights into the regulatory landscapes that facilitate or hinder business activities globally.
