Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

New Zealand retains top spot for ease of doing business

16 November 2017


New Zealand retains top spot for ease of doing business


For the second year in a row, New Zealand has claimed top spot in the World Bank Doing Business 2018 report for ease of doing business, ahead of 190 other economies.

“This ranking recognises the effectiveness of New Zealand’s business regulators, including the speed and efficiency of the company registration process,” says Business Integrity Services general manager Ross van der Schyff.

“One of the measures that make up the overall ease of doing business ranking is time and cost of starting a business. New Zealand has been the top ranked country in the world on this measure for the past 10 years.

“We are very proud of this achievement, along with the transparency of our online systems and our work to maintain the integrity of information held on our business registers.

“Being able to register or update company information efficiently on the new Companies Office website as well as easily access government tools and advice at business.govt.nz are areas Business Integrity Services makes a strong contribution towards.”

New Zealand was first announced number one in October 2016 after Singapore had retained the top spot for over a decade.

“Holding the top spot two years in a row is huge, and reflects the great work Business Integrity Services does every day to help build trust and confidence in the New Zealand economy,” says Mr van der Schyff.

“We are focused on continuing to support the development of New Zealand’s business landscape while sharing our knowledge and expertise with other countries.”

Rankings for the latest report were determined by sorting the aggregate scores across 11 topics, giving equal weight to each topic, with economies benchmarked to June 2017.

The full report is available on the World Bank website.

[ENDS]

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

QV: Tax Changes Yet To Dampen Red-Hot Housing Market

Just over a month has passed since the Government announced measures aimed at dampening the rampant growth of the property market, and yet the latest QV House Price Index data shows the market hit a new high in April. The average value increased 8.9% nationally ... More>>

Stats NZ: Consents For New Homes At All-Time High

A record 41,028 new homes have been consented in the year ended March 2021, Stats NZ said today. The previous record for the annual number of new homes consented was 40,025 in the year ended February 1974. “Within 10 years the number of new homes ... More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. More>>

Reserve Bank: Concerned About New Zealand's Rising House Prices

New Zealand house prices have risen significantly in the past 12 months. This has raised concerns at the Reserve Bank of New Zealand – Te Putea Matua about the risk this poses to financial stability. Central banks responded swiftly to the global ... More>>

Westpac: Announces Strong Financial Result

Westpac New Zealand (Westpac NZ) [i] says a strong half-year financial result has been driven by better than expected economic conditions. Chief Executive David McLean said while the global COVID-19 pandemic was far from over, the financial effect on ... More>>