NZ ranks first for ease of doing business for the fourth year
The Doing Business Report 2020 has again ranked New Zealand as the best out of 190 economies for the ease of doing business.
The World Bank’s annual publication compares economies across a number of indicators from ‘starting a business’ through to ‘resolving insolvency’ and ‘protecting minority investors’.
The Ministry of Business, Innovation and Employment’s General Manager Business Integrity Services Ross van der Schyff says the report’s ranking reflects advantages for businesses operating in New Zealand’s business regulatory system.
“Regulating business systems is important to maintain fair markets that thrive, enabling businesses and the New Zealand economy to grow. This also means providing support for small businesses, helping them understand the business environment, and saving them time and money as they continue to grow.
“This includes the Companies Office website making it simple to register and update company information, while resources available on business.govt.nz help Kiwis understand the steps to starting a business and their government obligations,” says Mr Van der Schyff.
This includes the recent launch of Good Governance, a tool developed in conjunction with the Institute of Directors and New Zealand Business Performance Panellist Phil McCaw, which aims to educate new company directors to understand their obligations from the start of their business.