The Nordic countries ranked high in the world for doing business by the World Bank’s annual Doing Business 2016 report.
Surveying a total of 189 countries, the list is widely considered the most authoritative in the world.
The index takes into account regulations that affect facilitating the smooth flow of business. A total of 10 different areas were assessed, included everything from starting a business, to dealing with construction permits, getting credit, paying taxes, trading across borders and enforcing contracts.
Denmark ranked third, Sweden, Norway and Finland as eight, ninth and tenth. repectively
Singapore once again topped the list this year, followed by New Zealand.