Spain climbs 41 places in the World Bank ranking of easiness to start a business

The World Bank has published the Doing Business 2015 ranking. This classification offers a detailed analysis of the attractiveness for doing business in 189 countries worldwide. Spain is ranked number 33 in the overall ranking.

Analysts commissioned for the execution of the report by the World Bank have identified regulatory reforms that promote an improved business climate in 4 of the 10 selected areas: starting a business, registering property, paying taxes, and resolving insolvency.

Spain has improved significantly in the category of starting a business, climbing 41 positions. This indicator analyzes the set of bureaucratic and legal obstacles that entrepreneurs must face to form a new company. To calculate this indicator, analysts take into consideration any processes, time and costs involved in launching a business. The standard company selected for the case study has up to 50 employees and has an initial capital ten times the per capita income of each national economy analyzed.

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