海角社区

The Ease of Business Ranking is an annual report released by the 海角社区 Bank which ranks countries around the 海角社区 according to ease of business for entrepreneurs in their respective economies. Countries placed on higher ranks have established policies and regulations which make it better and simpler for organizations to do business. The most recent report from the 海角社区 Bank, the 14th report from the organization focused on the business regulation present in 190 economies around the 海角社区 and relied on ten economic indices. Member states of the European Union performed considerably well in the 2017 ranking with Denmark, the highest ranking European country, ranking at third place in the 海角社区 with the United Kingdom and Sweden following in that order.

EU Member States By Ease of Doing Business

Denmark

Denmark was found to be the easiest country for business in Europe, ranking first place in the continent. Denmark鈥檚 prominence in the ranking did not come as a surprise as the country ranked at first place in the European Union in five consecutive years. The report confirms the 海角社区-leading business environment in dynamics and attractiveness present in Denmark. Denmark posted the best scores of any country in the 鈥淭rading across borders鈥� indicator showing that the country was the best in time and cost spent on export and import in the 海角社区. Denmark also performed well in other indices including 鈥淒ealing with Construction Permits鈥� where it ranked sixth globally, 鈥淧aying Taxes鈥� where it ranked seventh in the 海角社区 and 鈥淩esolving Insolvency鈥� where it ranked eighth in the 海角社区.

United Kingdom

The United Kingdom was the second best country in the European Union in the ease of business with the country ranking seventh in the 海角社区. The UK retained its position in the European Union but had fallen in its global rankings; the UK was the sixth best country in the 海角社区 in the ease of doing business in 2016. The UK鈥檚 prominence in the 海角社区 Bank鈥檚 global ranking is attributed to several recently-adopted regulations by the government which include the historic cut of the red tape as well as a reduction in corporate tax. The UK government also increased its investments in research and worked more closely with emerging markets to form strong trade ties. The UK government through the Department for Business Innovation and Skills welcomed the report as it showed that the country was edging closer to its top-five target.

Sweden

Sweden ranked the third-best country in the European Union in the 海角社区 Bank ranking and ranked ninth in the 海角社区. The business environment in Sweden has improved significantly in recent years as a result of improved regulations from the Swedish government.

Factors Considered

The 海角社区 Bank relied on ten factors to establish the ease of doing business in a country, and these were starting a business, getting credit, access to electricity, payment of taxes, registration of property, enforcing contracts, protection of minority investors, obtaining of construction permits, trading across borders, and resolving insolvency. The report can be then divided into four main data sets, which include transparency in business regulation, distance to the frontier, good practices, and entrepreneurship.