Doing Business 2015: New Zealand Summary
Core Content Overview
The Doing Business 2015 report evaluates the ease of doing business across 189 economies, focusing on regulations affecting the business life cycle. It provides a detailed analysis of New Zealand's performance in key regulatory areas and compares it with other economies, including comparator countries and regional averages.
Main Objectives
- To assess the regulatory environment for small to medium businesses.
- To provide quantitative indicators that measure and track changes in business regulations.
- To support policy makers in identifying areas for reform and understanding economic outcomes.
Key Indicators and Performance
Ease of Doing Business Ranking
- DB2015 Rank: 2
- DB2014 Rank: 2*
- Change in Rank: 0
- Distance to Frontier (DTF) Score: 86.9
- Change in DTF: +0.5
Note: DB2014 ranking is a comparable ranking that reflects data corrections and methodology changes.
Business Life Cycle Indicators
| Indicator |
New Zealand DB2015 |
New Zealand DB2014 |
Comparator Economies |
| Starting a Business |
Rank: 1 |
Rank: 1 |
Rank: 1 (New Zealand) |
| DTF Score: 99.96 |
DTF Score: 99.96 |
DTF Score: 99.96 |
DTF Score: 99.96 (New Zealand) |
| Procedures: 1.0 |
Procedures: 1.0 |
Procedures: 1.0 |
Procedures: 1.0 (New Zealand) |
| Time (days): 0.5 |
Time (days): 0.5 |
Time (days): 0.5 |
Time (days): 0.5 (New Zealand) |
| Cost (% of income per capita): 0.3 |
Cost (% of income per capita): 0.3 |
Cost (% of income per capita): 0.3 |
Cost (% of income per capita): 0.0 (Slovenia) |
| Indicator |
New Zealand DB2015 |
New Zealand DB2014 |
Comparator Economies |
| Dealing with Construction Permits |
Rank: 13 |
Rank: 14 |
Rank: 1 (Hong Kong SAR, China) |
| DTF Score: 85.67 |
DTF Score: 85.63 |
DTF Score: 85.63 |
DTF Score: 95.53 (Hong Kong SAR, China) |
| Procedures: 10.0 |
Procedures: 10.0 |
Procedures: 10.0 |
Procedures: 5.0 (Hong Kong SAR, China) |
| Time (days): 93.0 |
Time (days): 93.0 |
Time (days): 93.0 |
Time (days): 26.0 (Singapore) |
| Cost (% of warehouse value): 0.7 |
Cost (% of warehouse value): 0.8 |
Cost (% of warehouse value): 0.7 |
Cost (% of warehouse value): 0.0 (Qatar) |
| Indicator |
New Zealand DB2015 |
New Zealand DB2014 |
Comparator Economies |
| Registering Property |
Rank: 2 |
Rank: 2 |
Rank: 1 (Georgia) |
| DTF Score: 97.05 |
DTF Score: 97.04 |
DTF Score: 97.04 |
DTF Score: 99.88 (Georgia) |
| Procedures: 2.0 |
Procedures: 2.0 |
Procedures: 2.0 |
Procedures: 1.0 (4 Economies) |
| Time (days): 1.0 |
Time (days): 1.0 |
Time (days): 1.0 |
Time (days): 1.0 (3 Economies) |
| Cost (% of property value): 0.1 |
Cost (% of property value): 0.1 |
Cost (% of property value): 0.1 |
Cost (% of property value): 0.0 (4 Economies) |
| Indicator |
New Zealand DB2015 |
New Zealand DB2014 |
Comparator Economies |
| Getting Credit |
Rank: 1 |
Rank: 1 |
Rank: 1 (New Zealand) |
| DTF Score: 100.00 |
DTF Score: 95.00 |
DTF Score: 95.00 |
DTF Score: 100 (New Zealand) |
| Strength of Legal Rights Index (0–12): 12 |
Strength of Legal Rights Index (0–12): 12 |
Strength of Legal Rights Index (0–12): 12 |
Strength of Legal Rights Index (0–12): 12 (3 Economies) |
| Depth of Credit Information Index (0–8): 8 |
Depth of Credit Information Index (0–8): 7 |
Depth of Credit Information Index (0–8): 7 |
Depth of Credit Information Index (0–8): 8 (23 Economies) |
| Indicator |
New Zealand DB2015 |
New Zealand DB2014 |
Comparator Economies |
| Protecting Minority Investors |
Rank: 1 |
Rank: 1 |
Rank: 1 (New Zealand) |
| DTF Score: 81.67 |
DTF Score: 81.67 |
DTF Score: 81.67 |
DTF Score: 81.67 (New Zealand) |
| Extent of Conflict of Interest Regulation Index (0–10): 9.3 |
Extent of Conflict of Interest Regulation Index (0–10): 9.3 |
Extent of Conflict of Interest Regulation Index (0–10): 9.3 |
Extent of Conflict of Interest Regulation Index (0–10): 9.3 (Singapore) |
| Extent of Shareholder Governance Index (0–10): 7.0 |
Extent of Shareholder Governance Index (0–10): 7.0 |
Extent of Shareholder Governance Index (0–10): 7.0 |
Extent of Shareholder Governance Index (0–10): 7.8 (France) |
| Strength of Minority Investor Protection Index (0–10): 8.2 |
Strength of Minority Investor Protection Index (0–10): 8.2 |
Strength of Minority Investor Protection Index (0–10): 8.2 |
Strength of Minority Investor Protection Index (0–10): 8.2 (New Zealand) |
| Indicator |
New Zealand DB2015 |
New Zealand DB2014 |
Comparator Economies |
| Paying Taxes |
Rank: 22 |
Rank: 21 |
Rank: 1 (United Arab Emirates) |
| DTF Score: 88.04 |
DTF Score: 88.02 |
DTF Score: 88.02 |
DTF Score: 99.44 (United Arab Emirates) |
| Payments (number per year): 8.0 |
Payments (number per year): 8.0 |
Payments (number per year): 8.0 |
Payments (number per year): 3.0 (Hong Kong SAR, China) |
| Time (hours per year): 152.0 |
Time (hours per year): 152.0 |
Time (hours per year): 152.0 |
Time (hours per year): 55.0 (Luxembourg) |
| Cost (% of estate): 3.5 |
Cost (% of estate): 3.5 |
Cost (% of estate): 3.5 |
Cost (% of estate): 1.0 (Norway) |
| Indicator |
New Zealand DB2015 |
New Zealand DB2014 |
Comparator Economies |
| Trading Across Borders |
Rank: 27 |
Rank: 27 |
Rank: 1 (Singapore) |
| DTF Score: 85.41 |
DTF Score: 85.25 |
DTF Score: 85.25 |
DTF Score: 96.47 (Singapore) |
| Documents to Export: 4 |
Documents to Export: 4 |
Documents to Export: 4 |
Documents to Export: 2 (Ireland) |
| Time to Export (days): 10.0 |
Time to Export (days): 10.0 |
Time to Export (days): 10.0 |
Time to Export (days): 6.0 (Ireland) |
| Cost to Export (US$ per container): 870.0 |
Cost to Export (US$ per container): 870.0 |
Cost to Export (US$ per container): 870.0 |
Cost to Export (US$ per container): 410.0 (Timor-Leste) |
| Indicator |
New Zealand DB2015 |
New Zealand DB2014 |
Comparator Economies |
| Documents to Import: 6 |
Documents to Import: 6 |
Documents to Import: 6 |
Documents to Import: 2 (Ireland) |
| Time to Import (days): 9.0 |
Time to Import (days): 9.0 |
Time to Import (days): 9.0 |
Time to Import (days): 4.0 (Singapore) |
| Cost to Import (US$ per container): 825.0 |
Cost to Import (US$ per container): 825.0 |
Cost to Import (US$ per container): 825.0 |
Cost to Import (US$ per container): 440.0 (Singapore) |
| Indicator |
New Zealand DB2015 |
New Zealand DB2014 |
Comparator Economies |
| Enforcing Contracts |
Rank: 9 |
Rank: 9 |
Rank: 1 (Singapore) |
| DTF Score: 77.84 |
DTF Score: 77.84 |
DTF Score: 77.84 |
DTF Score: 89.54 (Singapore) |
| Time (days): 216.0 |
Time (days): 216.0 |
Time (days): 216.0 |
Time (days): 150.0 (Singapore) |
| Cost (% of claim): 27.2 |
Cost (% of claim): 27.2 |
Cost (% of claim): 27.2 |
Cost (% of claim): 9.0 (Iceland) |
| Procedures (number): 30.0 |
Procedures (number): 30.0 |
Procedures (number): 30.0 |
Procedures (number): 21.0 (Singapore) |
| Indicator |
New Zealand DB2015 |
New Zealand DB2014 |
Comparator Economies |
| Resolving Insolvency |
Rank: 28 |
Rank: 26 |
Rank: 1 (Finland) |
| DTF Score: 71.56 |
DTF Score: 71.40 |
DTF Score: 71.40 |
DTF Score: 93.85 (Finland) |
| Time (years): 1.3 |
Time (years): 1.3 |
Time (years): 1.3 |
Time (years): 0.4 (Ireland) |
| Cost (% of estate): 3.5 |
Cost (% of estate): 3.5 |
Cost (% of estate): 3.5 |
Cost (% of estate): 1.0 (Norway) |
| Recovery Rate (cents on the dollar): 83.6 |
Recovery Rate (cents on the dollar): 83.3 |
Recovery Rate (cents on the dollar): 83.6 |
Recovery Rate (cents on the dollar): 92.9 (Japan) |
| Strength of Insolvency Framework Index (0–16): 8.5 |
Strength of Insolvency Framework Index (0–16): 8.5 |
Strength of Insolvency Framework Index (0–16): 8.5 |
Strength of Insolvency Framework Index (0–16): 15.0 (5 Economies) |
Key Findings
- New Zealand ranks 1st in Getting Credit and Protecting Minority Investors, indicating strong regulatory frameworks in these areas.
- It also ranks 1st in Registering Property and Starting a Business, showing efficient and streamlined processes.
- Paying Taxes ranks 22nd, which is relatively high, but not the best, suggesting room for improvement in tax procedures.
- Trading Across Borders ranks 27th, slightly behind the global best performer Singapore, but still performs better than many comparator economies.
- Enforcing Contracts ranks 9th, and Resolving Insolvency ranks 28th, both areas where New Zealand has a strong regulatory environment.
- The Distance to Frontier (DTF) score for New Zealand is 86.9, indicating it is close to the best regulatory practices globally.
Methodology Notes
- The report includes 7 major methodological changes, including the use of distance to frontier scores and updates to the strength of legal rights index and depth of credit information index.
- Data for New Zealand is current as of June 1, 2014, with the exception of Paying Taxes, which covers January–December 2013.
- The DTF score measures the distance to the best performance in each indicator, with a scale from 0 to 100, where 100 is the frontier.
- Comparator economies are used for benchmarking, and the rankings reflect a population-weighted average for economies with data from multiple cities.
- "No practice" marks are assigned to economies that lack regulations or where regulations are not implemented.
Conclusion
New Zealand is among the top-performing economies in the Doing Business 2015 report, excelling in areas such as starting a business, registering property, getting credit, and protecting minority investors. It maintains a high DTF score and ranks well in most indicators, demonstrating a regulatory environment that is conducive to business operations. While it has some room for improvement in paying taxes and trading across borders, it is generally aligned with best practices and offers a favorable business climate.