Singapore is ranked second, behind New Zealand, among 190 economies in the ease of doing business, according to the latest World Bank's annual ratings. With its business-friendly environment, world-class infrastructure and one of the better tax frameworks in the world, Singapore is considered as a place for any investor to enhance their business and their presence in Asia
A transparent and predictable framework conditions, flexible labour market with skilled and independently working employees and a well-functioning eco system of world-leading, innovative business clusters takes Denmark to the third spot.
In the past 10 years, Hong Kong has maintained its position among the world's top ranking economies in the report, re-affirming favourable business environment for overseas companies to set up their regional headquarters and offices, and for all businesses to flourish
Forward-thinking governmental restructuring has resulted in the country scoring incredibly high on the World Bank’s scale measuring how easy it is to do business in different countries. This year the government has also approved a 3 percent tax rise to pay for social welfare programmes and new public sector jobs.
India jumped 23 places to come in at the 77th spot in the World Bank's latest ease-of-doing-business global rankings in 2018, a year after it had jumped 30 places. Among categories, the country had the best performance in 'Dealing with Construction Permits' where it jumped by a massive 129 places to become the 52nd easiest place to construct a business unit. Improved transparency and streamlined procedures were behind India cleaning up its notoriously corrupt land sector and the financial transactions that come with it.