World Bank rates Singapore as top business destination

As per the World Bank study, Singapore is the hottest business destination in the world. In the same study the World Bank also rated Egypt as the pro business reform leader. In World Bank’s report it has been suggested that Singapore is the place where doing business is much easier than other destinations in the world.

Even compared to some of the major European countries along with US, Canada & Australia; it was Singapore that they found is more business friendly and equipped to provide a business like infrastructure and atmosphere. New Zealand and Unites States comes just after Singapore in providing the best atmosphere for business, as the study revealed. Out of 178 countries, which was the sample size in totality, the other top 10 destinations are Hong Kong, UK, Canada, Denmark, Ireland, Australia and Iceland. In the same report they also suggested that a good amount of reform has been taken place in Russia, Eastern Europe, China and India.

These countries are emerging very fast as hottest destinations in the world, for doing business. With its newly lunched bankruptcy law and property rights, China has emerged very fast in terms of reforms and providing business friendly atmosphere. Egypt has also reformed significantly to top the ladder with its foreign policy and internal trade practices. These countries are also recorded highest equity return to strengthen their economy. As per as the investors are concern, they look for potential in a particular economy and the reform policy that makes doing business easier than before.

The other countries which have done well in terms of reforming are Croatia, Ghana, Georgia, Colombia, Macedonia, Saudi Arabia, Bulgaria and Kenya. Even as the government provides more space for business, the new breed entrepreneurs are also floating their ventures. This ranking has been done based on 10 key parameters and business indicators.