A report from the World Economic Forum (WEF) has indicated that New Zealand ranks first out of 146 countries for the fastest time it takes to establish a company.

Photo credit; Nick Kean on Flickr

According to WEF’s Global Competitiveness Report 2013-2014 published on September 3, the period of time required to start a business is shortest in New Zealand, where only a single day is needed.

New Zealand is followed by Australia, Georgia, Macedonia and Hong Kong with the fastest processes and procedures to found a company.

According to WEF’s research, the worst-ranked country in terms of the time required to start a business is Suriname, where the process requires 694 days, or almost two years.

Other countries which rank low in startup times include: Brunei Darussalam, Haiti, Brazil and Venezuela.

To read more on this story, click here.

Tags: New Zealand, WEF, World Economic Forum

This entry was posted on Monday, October 7th, 2013 at 7:23 am and is filed under New Zealand, new zealand business, New Zealand government. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.