The World Bank has published its 2015 Doing Business report revealing the cities that are best for business among 189 economies, according to how easy it is for companies to operate in them.
It reads: “Doing Business looks at how business regulations determine whether good ideas can get started and thrive or will falter and wither away.”
For the ninth year running, Singapore earned the top spot:
1. Singapore
2. New Zealand
3. Hong Kong
4. Denmark
5. South Korea
6. Norway
7. USA
8. UK
9. Finland
10. Australia
China jumped three place to 90th, while Japan fell two to 29th.
The report read: “Among the 10 top improvers, Tajikistan made the biggest advance toward the regulatory frontier in the past year, thanks to improvements in several areas. For example, starting a business in Tajikistan is now easier as a result of the elimination of one of the business registration procedures.
“A reduction of fees made dealing with construction permits less costly, and the introduction of an electronic system for filing and paying the corporate income tax, value added tax and labour taxes made paying taxes easier.”