3 of 20
3. United States
2009 rank: #3
2008 rank: #3

While the "Doing Business" report recorded no new reforms in business regulation in the U.S. this year, the country still ranks at No. 3 for the fourth year running.

The main sector in which the U.S. leads the rest of the world is labor law: hiring and firing workers is easy, and dismissing an employee costs nothing.

The U.S. ranks highly in most other areas, with a relatively low cost and short application process to start a business, speedy importing and exporting processes, and strong investor protections.

The U.S. also boasts the fourth fastest time in the world to obtain construction permits - 40 days - thanks to its electronic filing system.

When it comes to paying taxes, however, American business owners have it relatively tough. Forty-five economies rank higher than the U.S. on the report's tax index, which considers the number of payments required per year, the time it takes to file taxes and the total tax rate.

NEXT: 4. Hong Kong

Source: All data comes from "Doing Business 2009," a publication of the World Bank and the International Finance Corporation. Detailed methodological information is available at www.doingbusiness.org.
LAST UPDATE: Sep 11 2008 | 1:18 PM ET
Sponsored by
Full story: Global best spots for small biz Singapore is tops in the World Bank's survey of the friendliest regulatory environments for startups and small companies. More
10 worst countries for startups These 10 countries filled out the bottom of World Bank's list, presenting major obstacles to fledgling new ventures. More
100 best places to live and launch Fortune Small Business's picks of the best places in the U.S. to start a company. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.