Taiwan ranked 11th most business-friendly economy in world
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Taiwan ranked 11th most business-friendly economy in world

The ease of doing business in Taiwan has improved over the past year, with a ranking of No. 5 among Asia-Pacific economies and No. 11 globally, according to a World Bank annual report measuring the regulations that enhance and impede business activity.

In this year’s Doing Business 2017, New Zealand ranked as the most business-friendly country in the annual survey with a total score of 87.01, leaving Singapore, last year’s winner, in second place with a score of 85.05.

Taiwan ranked No. 11 worldwide in the report and No. 5 in the Asia Pacific region, with 81.09 total points. According to the report, Taiwan outperforms in getting electricity and construction permits and performs relatively well in starting a business, registering property, enforcing contracts, and protecting property rights.

However, Taiwan received the lowest score in terms of getting credit, with a rank of 62nd in the world.

The report presents quantitative indicators on business regulations, which cover 11 areas ranging from 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, regulating the labor market, and protecting property rights among 190 economies around the world.

The report ranks Taiwan ahead of major economies such as Germany, Canada, Malaysia, Thailand, Indonesia, Japan, China, France, and India.


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