These are the 33 best places to do business around the world, according to the World Bank

• Business owners face hurdles when it comes to starting out or keeping things afloat.
• To assess which countries in which it's easiest to set up or maintain a business, the World Bank publishes a "Doing Business" index each year, based on various factors.
• Below are the 33 countries in which it's most straightforward to do business, according to the index.

Whether it comes to starting out or keeping things afloat, business owners can often face hurdles when it comes to red tape, taxes, work legislation, or high energy bills - but to what extent are their complaints justified, based on their location?

To answer this question, the World Bank publishes a "Doing Business" index each year.

In this index, 190 countries are analysed based on the pros and cons they offer companies based there.

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To effectively analyse each country, the World Bank lays out ten categories for different phases of business activity.

In its 2019 edition of its "Doing Business" index, various factors are assessed, including starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency and labor market regulation.

It then uses these factors to create an EODB score, where it ranks the countries in order of "ease of doing business".

Here are the 33 countries in which it's easiest to conduct business, according to the World Bank.

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33. Poland — 76.95 points

Poland's EODB score decreased by 0.36 points from 2017 to 76.59.

32. France — 77.29 points

Since the previous year, France's EODB score has risen by 0.36 points to 76.59.

31. Russia — 77.37 points

Russia's EODB score has gone up by 0.61 points to 77.37 since 2017.