Maldives ranks second in South Asia in ‘ease of business’ index

Maldives is the second easiest country in which to do business in South Asia, according to the World Bank’s ‘Ease of Doing Business’ index for 2011, and 85th worldwide, an increase of 11 places.

The Maldives ranked poorly for getting credit (152), trading across borders (138), registering of property (147) and closing a business (125). It came middle of the field for protecting investors (74) and enforcing contracts (92). Without any corporate tax structure the country came first, although such bills are currently before the parliament.

Globally, Singapore came first followed by Hong Kong and New Zealand.