New Zealand Ranked as Easiest Place To Start a Business

The World Bank says it takes just one day

New Zealand has been ranked as the easiest place to start a business out of 185 countries, in a major report out today.

The World Bank and International Finance Corporation's Doing Business 2013 report said it takes only one day and one procedure to register a private company in New Zealand.

Ranking highly on the ease of doing business index means a country's regulatory environment is more conducive to starting and operating a firm, the report said.

New Zealand was also rated highest for protecting investors and the third most business-friendly economy.