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Sweden one of world's easiest places to do business: report

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Sweden one of world's easiest places to do business: report
A meeting at a Stockholm office. Photo: Simon Paulin/imagebank.sweden.se
11:46 CEST+02:00
Sweden is becoming an easier place to do business in, according to the latest edition of the World Bank's Doing Business report.

The 2017 report is the 14th instalment of the annual study which measures the regulations that enhance business activity and those that constrain it in 190 different economies.

Sweden was judged to be the ninth easiest of the 190 countries to do business in. The top performer was New Zealand, followed by Singapore then Denmark.

And in contrast to Sweden's reputation for tricky bureaucracy, this year's report shows it is becoming a more efficient place for business, with increased administrative efficiency highlighted, as well as praise for new automatic registration of mortgages and renewal of ownership.

“Sweden implemented a reform in the area of Registering Property that is captured in the latest report,” World Bank senior communications officer Indira Chand told The Local.

“Sweden's score improved to 82.13 on the distance-to-frontier measure, an absolute measure towards best practice,” she added. 

“It's therefore easier to do business now than it was last year in Sweden,” Doing Business project manager Rita Ramalho concluded.

Sweden was one of the countries that made the highest improvements in ease of registering property rights, trailing only Rwanda in that regard.

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