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10 best countries for entrepreneurs

Last updated on: March 28, 2013 09:32 IST

10 best countries for entrepreneurs

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The best countries for entrepreneurs do not necessarily have the biggest economies. In fact, based on a new report by the Organisation for Economic Co-operation and Development, four of the 10 best countries for entrepreneurship have among the smallest economies in the developed world, according to 24/7 Wall St.

Let's take a look at 10 best countries for entrepreneurs.

Source: 24/7 Wall St

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Image: Children skate on frozen Tjoernin lake in central Reykjavik, Iceland.
Photographs: Stoyan Nenov/Reuters
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New Zealand

No. of procedures necessary to start a business: 1

No. of days to start of business: 1

Percentage employment by companies with 250+ employees: 42.1 per cent

Global rank: 1

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Image: A view of Auckland from atop the Sky Tower in New Zealand.
Photographs: Stefan Wermuth/Reuters
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Australia

No. of procedures necessary to start a business: 2

No. of days to start of business: 2

Percentage employment by companies with 250+ employees: N/A

Global rank: 2

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Image: An outdoor shopping mall in Melbourne, Australia.
Photographs: Mick Tsikas/Reuters
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Canada

No. of procedures necessary to start a business: 1

No. of days to start of business: 5

Percentage employment by companies with 250+ employees: N/A

Global rank: 3

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Image: A view of the Montreal skyline from Mont-Royal mountain in Canada.
Photographs: Shaun Best/Reuters
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The United States

No. of procedures necessary to start a business: 6

No. of days to start of business: 6

Percentage employment by companies with 250+ employees: 52.8 per cent

Global rank: 4

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Image: A view of the Charles River in front of the Boston skyline in Cambridge, Massachusetts, United States.
Photographs: Brian Snyder/Reuters
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Ireland

No. of procedures necessary to start a business: 4

No. of days to start of business: 13

Percentage employment by companies with 250+ employees: 26.2 per cent

Global rank: 5

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Image: A woman cycles past the 'Coffee To Get Her' restaurant near Dublin city centre which becomes a bar and club in the evenings in Ireland.
Photographs: Cathal McNaughton/Reuters
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The United Kingdom

No. of procedures necessary to start a business: 6

No. of days to start of business: 13

Percentage employment by companies with 250+ employees: 48.6 per cent

Global rank: 6

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Image: Torch bearer Amelia Hempleman-Adams stands on top of a capsule on the London Eye in the United Kingdom.
Photographs: Luke MacGregor/Reuters
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South Korea

No. of procedures necessary to start a business: 5

No. of days to start of business: 7

Percentage employment by companies with 250+ employees: 26.1 per cent

Global rank: 7

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Image: Part of Gangnam area is seen down the Han River in Seoul, South Korea.
Photographs: Lee Jae-Won/Reuters
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France

No. of procedures necessary to start a business: 5

No. of days to start of business: 7

Percentage employment by companies with 250+ employees: 39.5 per cent

Global rank: 8

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Image: People walk in groups on a snow-covered path near the Eiffel Tower in Paris, France.
Photographs: John Schults/Reuters
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Portugal

No. of procedures necessary to start a business: 5

No. of days to start of business: 5

Percentage employment by companies with 250+ employees: 20.9 per cent

Global rank: 9

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Image: Passengers wait for their trains at Lisbon's subway station in Portugal.
Photographs: Jose Manuel Ribeiro/Reuters
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Chile

No. of procedures necessary to start a business: 7

No. of days to start of business: 7

Percentage employment by companies with 250+ employees: N/A

Global rank: 10


Image: A man sits with his son while enjoying the view of the Andes Mountains Range at the San Cristobal Hill in Santiago de Chile.
Photographs: Minh Nguyen/Reuters
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