NZ of course, but then we would say that wouldn’t we!
Every year the World Bank releases a report detailing the results of its survey and for 2010, the Doing Business 2010 Survey showed that New Zealand held its No. 2 spot for another year:
- Singapore
- New Zealand
- Hong Kong, China
- United States
- United Kingdom
- Denmark
- Ireland
- Canada
- Australia
- Norway
The survey deals with a few key indicators, the important ones being ease of starting a business, employing workers, getting credit, paying taxes, enforcing contracts and protecting investors. According to Minister for Small Business Clayton Cosgrove it takes an average of 13.4 days to setup a new business, yet in New Zealand, it is one hour! That is ridiculously quick!
It is no wonder that New Zealand has so many small businesses. If you have the idea for a product or service, then there really isn’t a better place to do it.
