New Zealand has the most business-friendly regulations in the world says the World Bank.

The Bank rated 155 countries on the ease of starting a business, hiring and firing workers, dealing with licenses, registering property, getting credit, protecting investors, enforcing contracts, trading across borders, paying taxes and closing a business.

Looking at the top 10 countries, Singapore was the runner-up and the United States was third. Then came Canada, Norway, Australia, Hong Kong, Denmark, United Kingdom and Japan.