29 Oct '13, 5am

Still easiest to do business in Singapore, Hong Kong: Singapore and Hong Kong remain the two easiest places fo...

The variations can be wide: In New Zealand, which kept its no.3 ranking this year, it can take one procedure, half a day and little in the way of fees to start a business, but in Suriname and Venezuela, entrepreneurs wait 208 and 144 days respectively, the report noted. Among the reasons why Singapore retains its top rank is its early adoption not only of electronic filing for public administration, but also a "trade single window," which eases trade by allowing cross-border traders to submit customs data through a single gateway. (Read more : One-third of global firms planning acquisitions: EY ) "Trading across borders has been easiest in Singapore since 2007," it said, while second-ranked Hong Kong is the easiest place to get construction permits. But China lags behind Zambia and Rwanda China edged up to rank at 96 from 99 in 2013 after making it easier for businesses to...

Full article: http://www.cnbc.com/id/101150296

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