Starting a New Business? Think Again!
Spain is a difficult country in which to start up a new business.
And not only does it rank 133rd most difficult – out of 183 nations worldwide – when it comes to starting up a new business, but it also ranks poorly in the protection of investors compared to most countries with a ranking of 97th.
But people in Spain who have found recent years so tough that their businesses have gone bust should take solace that Spain is listed as the 20th best place to resolve insolvency according to rankings of the Ease of Doing Business published by the World Bank Group..
It is also encouraging that Spain is ranked 44th overall when indicators in ten sections are taken into account, and is ranked 48th both for ease of getting credit as well as ease of paying taxes.
When it comes to the ease of dealing with construction permits the nation is ranked 38, but when for registering property it only managed 56th position, and slumped to 69th in rankings for the ease of getting electricity.
Singapore is ranked as the best place in the world to do business, with Hong Kong second, New Zealand third and the US fourth.
Top European nation is Denmark in fifth place, followed by Norway and then the UK.
Chad is ranked the most difficult place in the world to do business overall.
By: Tene Sommer
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