Singapore in Top 10 of ‘Best Countries for Business’

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Forbes has released its list of “Best Countries for Business” for 2015, with Singapore as the only Asian nation that makes it to the top 10.

The top 10 best countries for business for 2015 are, in order, Denmark, New Zealand, Norway, Ireland, Sweden, Finland, Canada, Singapore, Netherland, and United Kingdom.

The United States, which is considered as the financial capital of the world, dropped four spots to No. 22 even as it is the largest economy in the world. According to the list, the US scores poorly on monetary freedom and bureaucracy / red tape.

The list was based on the grading of 144 nations on 11 different factors – property rights, innovation, taxes, technology, corruption, freedom, red tape, investor protection, and stock market performance.

Each category was equally weighted. The data came from published reports from the following organizations: Freedom House, Heritage Foundation, Property Rights Alliance, Transparency International, World Bank Group and World Economic Forum. –