New Zealand has been ranked as the easiest place to start a business out of 185 countries, in a major report out today.
The World Bank and International Finance Corporation's Doing Business 2013 report said it takes only one day and one procedure to register a private company in New Zealand.
Ranking highly on the ease of doing business index means a country's regulatory environment is more conducive to starting and operating a firm, the report said.
New Zealand was also rated highest for protecting investors and the third most business-friendly economy.
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