Singapore remains the easiest place to do business, while developing countries stepped up their pace of business-friendly reforms in the past year, according to World Bank's annual "Doing Business" report, which covers 189 economies.

China, the world's second-largest economy, slipped one notch to 84th place.

The report, now in its 13th year, looks at the regulatory environment for small and medium-sized companies to see how it hampers or helps them conduct business, from starting up and paying taxes to registering property and trading across borders.

Let's take a look at world's top 10 economies for doing business.

No 10 Finland

View of Helsinki Cathedral in Finland, Jan 21, 2013. [Photo/IC]