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New Zealand No 1 to do business: Forbes

Posted on Nov 15, 06:23PM | IBNS

New Zealand has been ranked as the number one country for business, in an annual list released on Thursday by esteemed business publication Forbes.

New Zealand moved up one place from second in last year's Forbes list.

Citing New Zealand's business stability, entrepreneurial flair and dedication to transparency, Forbes ranked New Zealand at the top of four of its eleven ranking criteria - 'investor protection' and 'personal freedom'as well as 'lack of red tape' and 'lack of corruption'.

"It's exciting to see New Zealand attracting such high-profile attention for its business acumen, moving from second last year to topping the international rankings in 2012," says Ziena Jalil, New Zealand's Trade Commissioner to Singapore.

"New Zealand businesses are renowned in Asia for being at the forefront of innovation and sound business practice. From health IT to aviation to food and beverages, Forbes is confirming what our Singaporean customers already know - New Zealand is dedicated to being the best in business."

Denmark, Hong Kong, Singapore and Canada rounded out Forbes' top five best countries for business.

In other accolades, New Zealand was also on Thursday voted 'Favourite Country - Worldwide' in Britain's prestigious Telegraph Travel Awards.