The STC 2018 TO DO BUSINESS INDEX
Rank COUNTRY CITY TDB Index Economic Freedom Innovative Score Doing Business Global Competitive
1 Singapore Singapore 0.94 88.58 54 84.57 5.7
2 USA New York 0.93 75.14 59 83.66 5.9
3 USA Boston 0.92 75.14 56 82.54 5.9
4 UK London 0.92 76.43 60 82.22 5.5
5 Hong Kong Hong Kong 0.91 89.82 48 83.44 5.5
6 Switzerland Lausanne 0.91 81.45 #N/A 75.92 5.9
7 USA Los Angeles 0.91 75.14 55 80.86 5.9
8 USA San Francisco 0.91 75.14 #N/A 82.54 5.9
9 Switzerland Zurich 0.91 81.45 #N/A 75.92 5.9
10 USA Miami 0.89 75.14 50 82.54 5.9
11 Australia Sydney 0.89 81.02 53 80.14 5.2
12 Netherlands Amsterdam 0.88 75.8 53 76.03 5.7
13 New Zealand Auckland 0.88 83.75 43 86.55 5.4
14 Germany Berlin 0.88 73.8 52 79 5.7
15 Canada Montreal 0.88 78.51 #N/A 79.29 5.3
16 Germany Munich 0.88 73.8 53 79 5.7
17 Canada Toronto 0.88 78.51 54 79.29 5.3
18 Denmark Copenhagen 0.87 75.05 49 84.06 5.4
19 Australia Melbourne 0.87 81.02 50 80.14 5.2
20 South Korea Seoul 0.87 74.26 53 83.92 5.1
21 Sweden Stockholm 0.87 74.91 49 81.27 5.5
22 Japan Tokyo 0.87 69.58 56 75.72 5.5
23 Canada Vancouver 0.87 78.51 50 79.29 5.3
24 UAE Dubai 0.86 76.89 49 78.73 5.3
25 Germany Frankfurt 0.86 73.8 47 79 5.7
26 Switzerland Geneva 0.86 81.45 42 75.92 5.9
27 Austria Vienna 0.86 72.27 53 78.54 5.2
28 Australia Brisbane 0.85 81.02 45 80.14 5.2
29 Finland Helsinki 0.85 73.99 46 80.37 5.5
30 Norway Oslo 0.85 73.97 47 82.16 5.4
31 UAE Abu Dhabi 0.84 76.89 44 78.73 5.3
32 Ireland Dublin 0.84 76.74 46 79.51 5.2
33 Taiwan Taipei 0.84 76.51 44 80.07 5.3
34 Luxembourg Luxembourg City 0.83 75.94 #N/A 69.01 5.2
35 France Paris 0.83 63.3 54 76.13 5.2
36 Malaysia Kuala Lumpur 0.82 73.78 43 78.43 5.2
37 Spain Barcelona 0.81 63.57 53 77.02 4.7
38 Czech Republic Prague 0.81 73.34 46 76.27 4.8
39 Estonia Tallinn 0.81 79.06 39 80.8 4.8
40 Iceland Reykjavik 0.8 74.39 39 78.5 5
41 Belgium Brussels 0.79 67.85 45 71.69 5.2
42 Spain Madrid 0.79 63.57 50 77.02 4.7
43 Thailand Phuket 0.79 66.22 #N/A 77.44 4.7
44 France Nice 0.78 63.3 42 76.13 5.2
45 Chile Santiago 0.78 76.55 41 71.22 4.7
46 Lithuania Vilnius 0.78 75.78 37 79.87 4.6
47 Poland Warsaw 0.78 68.26 43 77.3 4.6
48 Thailand Bangkok 0.77 66.22 42 77.44 4.7
49 Italy Milan 0.77 62.53 49 72.7 4.5
50 Latvia Riga 0.77 74.75 37 79.26 4.4
51 Cyprus Limassol 0.76 67.85 #N/A 71.63 4.3
52 Portugal Lisbon 0.76 62.58 44 76.84 4.6
53 Russia Moscow 0.76 57.1 47 75.85 4.6
54 Cyprus Nicosia 0.76 67.85 #N/A 71.63 4.3
55 China Beijing 0.75 57.4 49 64.96 5
56 Colombia Bogota 0.75 69.69 #N/A 69.41 4.3
57 Hungary Budapest 0.75 65.79 44 72.39 4.3
58 Qatar Doha 0.75 73.1 38 64.86 5.1
59 Italy Rome 0.75 62.53 46 72.7 4.5
60 Costa Rica San Jose 0.75 65.03 #N/A 69.13 4.5
61 China Shanghai 0.75 57.4 49 65.57 5
62 Georgia Tbilisi 0.75 75.99 32 82.04 4.3
63 Malta Valletta 0.75 67.69 #N/A 64.72 4.6
64 Romania Bucharest 0.74 69.65 40 72.87 4.3
65 Turkey Istanbul 0.74 65.23 44 69.14 4.4
66 Colombia Medellin 0.74 69.69 41 69.41 4.3
67 Mexico Mexico City 0.74 63.55 43 71.59 4.4
68 Russia Saint Petersburg 0.74 57.1 #N/A 74.68 4.6
69 Macedonia Skopje 0.74 70.74 32 81.18 #N/A
70 Bulgaria Sofia 0.74 67.86 39 71.91 4.5
71 Slovakia Bratislava 0.73 65.73 38 74.9 4.3
72 Montenegro Budva 0.73 61.98 #N/A 73.18 4.1
73 China Changsha 0.73 57.4 #N/A 65.29 5
74 China Guangzhou 0.73 57.4 43 65.29 5
75 Albania Durres 0.73 64.35 #N/A 68.7 4.2
76 China Shenzhen 0.73 57.4 44 65.29 5
77 Italy Venice 0.73 62.53 39 72.7 4.5
78 Kazakhstan Almaty 0.72 68.99 33 75.44 4.3
79 Indonesia Jakarta 0.72 61.94 39 66.67 4.7
80 Slovenia Ljubljana 0.72 59.2 37 75.42 4.5
81 Mauritius Port Louis 0.72 74.71 26 77.54 4.5
82 Vanuatu Port Vila 0.72 67.39 #N/A 63.08 #N/A
83 Croatia Split 0.72 59.38 #N/A 71.7 4.2
84 South Africa Cape Town 0.71 62.28 42 64.89 4.3
85 Saint Lucia Castries 0.71 65.04 #N/A 62.88 #N/A
86 China Chengdu 0.71 57.4 39 65.29 5
87 China Chongqing 0.71 57.4 38 65.29 5
88 Morocco Dakhla 0.71 61.53 #N/A 67.91 4.2
89 China Hangzhou 0.71 57.4 38 65.29 5
90 Peru Lima 0.71 68.9 37 69.45 4.2
91 China Nanjing 0.71 57.4 39 65.29 5
92 China Suzhou 0.71 57.4 39 65.29 5
93 China Tianjin 0.71 57.4 39 65.29 5
94 Kazakhstan Astana 0.7 68.99 28 75.44 4.3
95 Azerbaijan Baku 0.7 63.6 32 70.19 4.7
96 Serbia Belgrade 0.7 58.88 38 73.13 4.1
97 Saudi Arabia Jeddah 0.7 64.44 35 62.5 4.8
98 Bahrain Manama 0.7 68.47 31 68.13 4.5
99 China Ningbo 0.7 57.4 37 65.29 5
100 China Qingdao 0.7 57.4 36 65.29 5
101 China Wuhan 0.7 57.4 37 65.29 5
102 China Wuxi 0.7 57.4 36 65.29 5
103 Greece Athens 0.69 55 44 68.02 4
104 Colombia Cali 0.69 69.69 29 69.41 4.3
105 China Foshan 0.69 57.4 34 65.29 5
106 India Mumbai 0.69 52.64 43 60.74 4.6
107 Panama Panama City 0.69 66.26 34 65.27 4.4
108 Saudi Arabia Riyadh 0.69 64.44 34 62.5 4.8
109 Dominica Roseau 0.69 63.65 #N/A 60.96 #N/A
110 China Shenyang 0.69 57.4 35 65.29 5
111 Fiji Suva 0.69 63.39 #N/A 60.74 #N/A
112 India Bangalore 0.68 52.64 41 60.76 4.6
113 Morocco Casablanca 0.68 61.53 34 67.91 4.2
114 Greece Corfu 0.68 55 #N/A 68.02 4
115 South Africa Johannesburg 0.68 62.28 36 64.89 4.3
116 Kuwait Kuwait City 0.68 65.13 36 61.23 4.4
117 Macau Macau 0.68 70.67 35 #N/A #N/A
118 Philippines Manila 0.68 65.61 37 58.74 4.4
119 Uruguay Montevideo 0.68 69.67 35 61.99 4.1
120 Dominican republic Santo Domingo 0.68 62.91 #N/A 60.93 3.9
121 Jordan Amman 0.67 66.68 33 60.58 4.3
122 India Delhi 0.67 52.64 40 60.78 4.6
123 Bermuda Hamilton 0.67 #N/A 40 #N/A #N/A
124 Vietnam Ho Chi Minh City 0.67 52.44 37 67.93 4.4
125 Saint Vincent and The Grenadines Kingstown 0.67 65.24 #N/A 55.72 #N/A
126 Oman Muscat 0.67 62.13 31 67.2 4.3
127 Seychelles Victoria 0.67 61.79 #N/A 61.41 3.8
128 Argentina Buenos Aires 0.66 50.41 45 58.11 4
129 India Chennai 0.66 52.64 38 60.76 4.6
130 Moldova Chisinau 0.66 57.96 31 73 4
131 Vietnam Hanoi 0.66 52.44 35 67.93 4.4
132 India Hyderabad 0.66 52.64 36 60.76 4.6
133 India Kolkata 0.66 52.64 36 60.76 4.6
134 Belarus Minsk 0.66 58.59 29 75.06 #N/A
135 Antigua and Barbuda Saint John's 0.66 #N/A #N/A 59.63 #N/A
136 El Salvador San Salvador 0.66 64.12 33 66.42 3.8
137 Uzbekistan Tashkent 0.66 52.26 #N/A 66.33 #N/A
138 Sri Lanka Colombo 0.65 57.39 37 58.86 4.1
139 Brazil Rio de Janeiro 0.65 52.85 42 57.69 4.1
140 Honduras San Pedro Sula 0.65 58.84 #N/A 58.46 3.9
141 Guatemala Guatemala City 0.64 63.01 30 61.18 4.1
142 Nicaragua Managua 0.64 59.19 #N/A 55.39 3.9
143 Cambodia Phnom Penh 0.64 59.52 #N/A 54.47 3.9
144 Brazil Belo Horizonte 0.63 52.85 37 56.45 4.1
145 Kenya Nairobi 0.63 53.48 33 65.15 4
146 Cape Verde Praia 0.63 #N/A #N/A #N/A 3.8
147 Brazil Sao Paulo 0.63 52.85 #N/A 55.66 4.1
148 Brazil Brasilia 0.62 52.85 35 56.45 4.1
149 Egypt Cairo 0.62 52.59 38 #N/A 3.9
150 Ukraine Kiev 0.62 48.09 33 65.75 4.1
151 Saint Kitts and Nevis Basseterre 0.61 #N/A #N/A 54.52 #N/A
152 Barbados Bridgetown 0.61 54.5 #N/A 55.2 #N/A
153 Trinidad and Tobago Port of Spain 0.61 61.23 24 60.68 4.1
154 Iran Tehran 0.61 50.52 33 #N/A 4.3
155 Tunisia Tunis 0.61 55.71 27 63.58 3.9
156 Mongolia Ulaanbaatar 0.61 54.76 26 69.03 3.9
157 Laos Vientiane 0.61 54.01 #N/A 53.01 3.9
158 Paraguay Asuncion 0.6 62.43 25 59.18 3.7
159 Lebanon Beirut 0.6 53.26 33 54.67 3.8
160 Ecuador Quito 0.6 49.29 33 57.83 3.9
161 Grenada Saint George's 0.59 #N/A #N/A 52.94 #N/A
162 Honduras Tegucigalpa 0.59 58.84 25 58.46 3.9
163 Pakistan Karachi 0.58 52.83 34 50.53 3.7
164 Pakistan Lahore 0.58 52.83 31 53.73 3.7
165 Comoros Moroni 0.58 55.84 #N/A 48.52 #N/A
166 Tanzania Dar es Salaam 0.57 58.58 24 54.04 3.7
167 Bahamas Nassau 0.57 61.08 28 #N/A #N/A
168 Bangladesh Dhaka 0.56 54.98 31 41 3.9
169 Algeria Algiers 0.55 46.53 28 46.71 4.1
170 Nigeria Lagos 0.55 57.06 27 51.23 3.3
171 Ethiopia Addis Ababa 0.53 52.66 22 47.77 3.8
172 Bolivia La Paz 0.51 47.7 26 50.18 #N/A
173 Angola Luanda 0.45 48.52 21 41.49 #N/A
174 Venezuela Caracas 0.42 26.96 30 30.87 3.2
175 Cuba La Havana 0.38 33.94 #N/A #N/A #N/A
176 Iraq Baghdad 0.25 #VALUE! #N/A 44.87 #N/A
177 Syria Damascus 0.23 #VALUE! #N/A 41.55 #N/A
178 Libya Tripoli 0.18 #VALUE! #N/A 33.21 #N/A
179 Liechtenstein Vaduz N/A #VALUE! #N/A #N/A #N/A
180 US Virgin Islands Charlotte Amalie N/A #N/A #N/A #N/A #N/A
181 Turks and Caicos Islands Cockburn Town N/A #N/A #N/A #N/A #N/A
182 Isle of Man Douglas N/A #N/A #N/A #N/A #N/A
183 Cayman Islands George Town N/A #N/A #N/A #N/A #N/A
184 Gibraltar Gibraltar N/A #N/A #N/A #N/A #N/A
185 Monaco Monaco N/A #N/A #N/A #N/A #N/A
186 Turks and Caicos Islands Providenciales N/A #N/A #N/A #N/A #N/A
187 British Virgin Islands Road town N/A #N/A #N/A #N/A #N/A
188 Jersey Saint Helier N/A #N/A #N/A #N/A #N/A
189 Anguilla The Valley N/A #N/A #N/A #N/A #N/A
190 Andorra Andorra la Vella N/A #N/A #N/A #N/A #N/A

The STC To Do Business Index uses 4 renowned rankings of major cities or countries to track the best cities in which to conduct business.

The top cities are those to which you would want to relocate in for business reasons. Two cities really distinguish themselves from the others: Hong Kong and Singapore. These are business meccas attracting much of the Chinese business community. The Asian Tigers dominate the rankings, with Scandinavian cities offering a strong showing of efficiency. North American cities are well placed, especially in terms of innovation.

The data has been collected in fall Winter 2018. The to do Business index is a cumulative of 4 well-known rankings.

The 2016-17 Innovation Cities Index

The Index is the ranking of cities potential as innovation economies. There are 500 cities in the 2016-17 Index. It summarizes every city on 3 factors and freely publish this score:


Cultural Assets of a city from arts to sports industries. Human Infrastructure, from mobility to start-ups, health, finance and more. Networked Markets, the power of a city in a networked world.

The 2017 Index of Economic Freedom

The Heritage Foundation measure economic freedom based on 10 quantitative and qualitative factors, grouped into four broad categories, or pillars, of economic freedom:
Rule of Law (property rights, freedom from corruption);
Limited Government (fiscal freedom, government spending);
Regulatory Efficiency (business freedom, labor freedom, monetary freedom); and
Open Markets (trade freedom, investment freedom, financial freedom).

Each of the ten economic freedoms within these categories is graded on a scale of 0 to 100. A country’s overall score is derived by averaging these ten economic freedoms, with equal weight being given to each. More information on the grading and methodology can be found in the appendix.

Ease of Doing Business 2018 Ranking

The indicators presented and analyzed in Doing Business measure business regulation and the protection of property rights—and their effect on businesses, especially small and medium-size domestic firms. First, the indicators document the complexity of regulation, such as the number of procedures to start a business or to register a transfer of commercial property. Second, they gauge the time and cost to achieve a regulatory goal or comply with regulation, such as the time and cost to enforce a contract, go through bankruptcy or trade across borders. Third, they measure the extent of legal protections of property, for example, the protections of minority investors against looting by company directors or the range of assets that can be used as collateral according to secured transactions laws. Fourth, a set of indicators documents the tax burden on businesses. Finally, a set of data covers different aspects of employment regulation.

The 2017 Global Competitive Index

The index defines competitiveness as the set of institutions, policies, and factors that determine the level of productivity of a country. The level of productivity, in turn, sets the level of prosperity that can be reached by an economy. The productivity level also determines the rates of return obtained by investments in an economy, which in turn are the fundamental drivers of its growth rates. In other words, a more competitive economy is one that is likely to grow faster over time.

This open-endedness is captured within the GCI by including a weighted average of many different components, each measuring a different aspect of competitiveness. The components are grouped into 12 categories.

The data has been collected in fall 2016. The to do Business index is a cumulative of 6 well-known rankings.

The 2016 Innovation Cities Index by 2 Think now
http://www.innovation-cities.com/

The 2017 Index of Economic Freedom by the Heritage Foundation
http://www.heritage.org/index/ranking

Ease of Doing Business 2018 Ranking by the World Bank Group
http://www.doingbusiness.org

The 2018 Global Competitive Index by the World Competitive Forum
http://reports.weforum.org