New Zealand is ranked 1st in the world to conduct business

By in

This I can compare only to Singapore, Hong Kong, Cyprus, the UK, Russia and Ukraine. Each has their own idiosyncrasies. But to be honest, among those listed above, I associate Russia and Ukraine with the most difficulties in doing business. Russia astonishes me with its employment legislation and fire-fighting responsibilities. In Ukraine it is commonplace that access to a company’s bank account is given only to a Chief Accountant and the CEO.

Commenting on the ease of doing business in New Zealand, Reuters acknowledges that local companies are frequently involved in fraudulent schemes. As an example, it gives a scandalous pyramid at EuroFX, which was used to extort money from Chinese nationals. Just like Russian company MMM.