Both Mauritius and the UAE enter global top 20 in World Bank's Doing Business 2019 Report01 Nov 2018
The annual report presents statistical rankings derived from investigations into the regulations that enhance business activity and those that constrain it, ranking 190 countries on the ease of doing business within their borders. The report presents quantitative indicators on ten topics that can be compared across 190 economies such as obtaining electricity, paying taxes, protecting minority interests and availability of credit.
The UAE leapt ten places to 11th on the global 'Ease of doing business' rankings - the highest ranking country from the Middle East and Africa region. Whilst Mauritius rose five places to establish itself amongst the top 20 countries in the world for its ease of doing business, making it the leader in Sub-Saharan Africa.
In addition to its 'Ease of business' rank the UAE also rose a huge 26 places to 25th in the 'Starting a business' ranking, helped by the length of time to establish a business more than halving from 8.5 days to just four days.
Other notable rankings see the UAE remain number one for getting electricity and it stays within the top two for paying taxes. It also rises from tenth to seventh for registering property.
The increase in rankings is the result of a number of factors including:
- The introduction or improvement of online procedures to help businesses commence operations.
- Improving the quality and efficiency of its judicial system.
Read more: 'Why do business in the UAE'
Aside from entering the global top 20 for 'Ease of doing business', Mauritius continued its impressive rise up the rankings of 'Starting a business' in which it rose 19 places to 21st.
It also climbed 18 places to 15th in the 'Protecting minority investors' rankings; rose four places to 6th for paying taxes and 17 places to 34th for getting electricity.
Mauritius' rise can be attributed amongst other factors, to the Ministry of Finance and Economic Development and the Economic Development Board's (EDB) coordination on a number of major projects related to the ease of doing business, working with both public-sector agencies and the private sector to identify obstacles hindering economic and business progression.
Read more: 'Mauritius - Africa's investment hub'
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