Doing business in Australia is becoming more difficult
Published by the World Bank, Doing Business 2016 is the 13th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it.
Doing Business 2016 measures aspects of regulation affecting 10 areas of the life of a business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.
Australia has fallen out of the top 10 countries to be placed 13th.
China improved its standings from last year, rising from a rank of 90 to 84, while both Hong Kong and Taiwan are listed in the top 15 cities to do business.
It has also become easier to do business in India, according to the World Bank, with India’s ranking improving from a rank of 142 last year to 130 this year.
Top 10 countries in which is it easiest to do business, according to the World Bank, are:
- New Zealand
- South Korea
- Hong Kong
- United Kingdom