Our world does seem small in some ways. Thanks to trans-Atlantic flights, you can have breakfast in London and make it to New York by lunchtime.
If you dream of starting a business abroad or adding an international chapter to your company, fulfilling your dream begins with old-fashioned research. The World Bank, which helps developing countries with financial and technical assistance, recently published its annual Doing Business report, a ranking of the best countries for doing business. The 2019 list includes nations good at cutting through red tape and smoothing the path for starting and operating a company locally.
The World Bank’s ease of doing business scores and rankings take into account gaps between an economy’s performance and the standard best practices and ease of scaling hurdles such as:
- Incorporating a business, getting building permits and obtaining electricity
- Obtaining credit, trading across borders, paying taxes and enforcing contracts
- Finding training opportunities
Here’s a look at the World Bank’s top 25 countries for the ease of starting and operating a business.