By: Sophia Yang, Taiwan News, Staff Writer
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. [FULL STORY]