Taiwan ranks 19th in the World Bank’s "Doing Business 2015" index. Although Taiwan's position in the 2015 rankings fell one notch from a year earlier, its overall score rose over a point to 78.73 this year.
The Doing Business report focuses on 10 areas that assess a country's business environment including getting electricity, registering property, getting credit, paying taxes, enforcing contracts, and resolving insolvency.
A total of 189 countries were assessed in the 2015 report. The report says Taiwan has made getting electricity easier by eliminating site inspections. It has also improved access to credit information after starting to include data from utility companies in credit reports.
Singapore is still at the top of the Doing Business 2015 rankings. Hong Kong finished third and South Korea fifth, the same positions they were in last year. The US placed seventh and the UK eighth. Meanwhile, China finished 90th in the 2015 report's rankings, up three notches from a year earlier.