Brenna LaBine – On Monday, the World Bank Report released its ranking of the best economies in the world for doing business-ease.
The report, entitled “Doing Business 2014,” “…presents quantitative indicators on 11 areas of business regulation for 189 economies. Using these indicators, the report measures and tracks changes and regulations applying to domestic small and medium-sized companies operating in the largest business city of each economy in 10 areas in their life cycles: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency.”
Based on these indicators, the top 10 countries in the world for doing business in 2014 are as follows:
- Hong Kong SAR, China
- New Zealand
- United States
- Korea, Rep.
- United Kingdom
In Latin America, Venezuela came in as the least favorable country for doing business, while Chile ranked best among countries from this region. Our resident home here at Live and Invest Overseas, Panama, came in number five, making it the second best in Central America, after Mexico. Here are the top 10 countries in Latin America for doing business:
- Costa Rica