Cyprus is ranked 54 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Cyprus improved to 54 in 2019 from 57 in 2018. Ease of Doing Business in Cyprus averaged 46 from 2008 until 2019, reaching an all time high of 60 in 2014 and a record low of 36 in 2008. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Cyprus.