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One of the best state to conduct business

The World Bank (WB) in cooperation with the International Financial Corporation (IFC) has prepared the report on small and medium business. The "Dоing Business -2010" research analyzes 183 economic systems of the world in order to define the terms and conditions for doing business there. Such parameters as the efficiency of reforms undertaken in areas of monetary and fiscal policies ensuring the improvement of environment for doing business, the freedom of mass media, corruption, and the crime rate, and the stage of the financial market development are analyzed in the report. Singapore, New Zealand,and Hong Kong are traditionally ranked as the states with the best conditions for doing business.

 

The best states for doing business 2010

Economy

Rating in 2010

Rating in 2009

Rating in 2008

Alteration

Singapore

1

1

1

0

New Zealand

2

2

2

0

Hong Kong

3

3

3

+1

USA

4

4

4

-1

Denmark

6

5

5

0

Great Britain

5

6

6

+1
 
 
The table below lists the overall "Ease of Doing Business" rank (out of 183 economies). The next table summarizes the key indicators for companys’ incorporation in Hong Kong and benchmark against regional and high-income economy (OECD) averages.

Ease of...

Doing Business 2010 rank

Doing Business 2009 rank

Change in rank

Doing Business

3

3

0

Starting a Business

18

16

-2

Dealing with Construction Permits

1

20

+19

Employing Workers

6

7

+1

Registering Property

75

75

0

Getting Credit

4

4

0

Protecting Investors

3

3

0

Paying Taxes

3

3

0

Trading Across Borders

2

2

0

Enforcing Contracts

3

5

+2

Closing a Business

13

13

0
 
 
The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capital.

Starting a Business

Indicator

Hong Kong

East Asia & Pacific

OECD Average

Procedures (number)

3

8.1

5.7

Time (days)

6

41.0

13.0

Cost (% of income per capita)

1.8

25.8

4.7

Min. capital (% of income per capital)

0.0

21.3

15.5
For the updated information please follow this link: http://doingbusiness.org/data/exploreeconomies/hong-kong,-china#ClosingB...