World Bank site shows best countries to do business in
THE WORLD Bank has released data and tables showing how easy it is to do business in different countries around the world.
Entrepreneurs in Sierra Leone are likely to have a problem because if you pay all the business taxes you ought to, it will consume 164 per cent of your company's gross profit.
In Syria, said the World Bank, to start a business you need to invest $61,000 in capital which is 51 times the average annual income.
A league table of countries reveals that New Zealand is the easiest place to do business, followed by Singapore, the US, Canada and Norway. The UK is number nine in the table.
Don't go to law in Guatamela, because according to the World Bank, it takes around 1,500 days to resolve a simple dispute.
All this, and a heap of very useful information cann be found on the World Bank's Doing Business site.
posted by Fergie @ 9/14/2005 07:16:00 AM
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