Iceland ranks 15th in World Bank and IFC ‘Doing Business 2011’ economy list

According to a new report released by The World Bank and the International Finance Corporation (IFC) entitled ‘Doing Business 2011’, Iceland currently ranks in 15th place for the easiest economy to do business in.

The Economy Rankings assessment list, which was conducted between June 2009 and May 2010, involves 183 countries and takes into account various legal aspects related to each respective country and how these impact upon starting and operating a local business.

The list averages each country’s rankings in regards to 9 specific topics: Starting a Business; Dealing with Construction Permits; Registering Property; Getting Credit; Protecting Investors; Paying Taxes; Trading Across Borders; Enforcing Contracts and Closing a Business.

Iceland gained the most points for Registering Property and Enforcing Contracts sections but scored badly for Protecting Investors and Trading Across Borders. However, despite maintaining a high position in the list, the country has fallen from 14th to 15th place since the last report was released.

The three countries listed above Iceland are Sweden, Finland and Georgia; and the three below are South Korea, Estonia and Japan. All other Nordic countries currently rank higher than Iceland in the list.

To view the list in full, click here

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