Countries with best start-up conditions 2023

In 2023, the United Arab Emirates was ranked as the best country in the world to start a business in with an index score of 7.7 out of 10. The index measures the 12 entrepreneurial environment conditions (EFCs) that make up the context in which entrepreneurial activity takes place in a country, including financial environment, government programs etc. India and Saudi Arabia followed behind, whereas Iran ranked last with only 2.8.

Countries in the world with best conditions to start a business in 2023

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Release date

February 2024

More information

Region

Worldwide

Survey time period

2023

Number of respondents

36 experts in each country

Method of interview

Questionnaire

Supplementary notes

The index measures the 12 entrepreneurial environment conditions (EFCs) that make up the context in which entrepreneurial activity takes place in a country.

The scale of measurement on which these averages are given is from 0 to 10 points, whereby 0 =completely insufficient and 10 = completely sufficient.

The scores are tabulated based on an expert survey conducted in each country. There are 36 experts in each respective country who weigh in on the following 12 EFCs:
Financial environment related with entrepreneurship
Government concrete policies, priority, and support
Government policies bureaucracy, taxes
Government programs
Entrepreneurial level of education at Primary and Secondary
Entrepreneurial level of education at Vocational, Professional, College and University
R&D level of transference
Professional and commercial infrastructure access
Internal market dynamics
Internal market burdens
General physical infrastructures and services access
Cultural, social norms and society support

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