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PH ranks 78th in best countries to start online business
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Despite the claim of the government that various efforts such as the passage of the law on Ease of Doing Business have reduced the processing time and curbed corrupt bureaucratic practices in the country, the Philippines is still way behind other countries when putting up an online venture.
This is according to a new study, which showed that the country was at the 78
th spot in the list of best countries to start an online business.
The report, conducted by the website bestaccountingsoftware.com, found that the majority of countries most suited to starting an online business are located in Europe.
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Bahrain in top 50 for online business setup
MANAMA, January 14, 2021
Abdulaziz Khattak When it comes to the best places for setting up an online business, the Kingdom of Bahrain does pretty well considering the global completion. It ranks 38 out of 99 countries, according to Best Accounting Software, a global firm that reviews and rates financial software to help organisations make more informed purchases. The island nation has shown promising potential in moving up the list thanks to a robust tech environment and supporting legal framework. E-commerce continues to grow year-on-year, with eMarketer forecasting global sales worth $6.542 trillion by 2023, accounting for 22 per cent of all retail sales (up from 14.1 per cent in 2019). This means 2021 could be the year to start your online business.
Norway
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Georgia
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