The new American expat generation is pushing beyond America’s borders in search of adventure and new opportunities. Many expat entrepreneurs are headed to New Zealand, the best place in the world to start a new business, according to the Work Bank.

It is not surprising that Americans, particularly young Americans, are eyeing business opportunities in other lands. Research conducted several years ago by MyInternationalAdventure found that nearly one-third of Americans considering or planning a move abroad primarily are looking for a new business opportunity. That number jumps to over 40 percent for the millennial generation’s 25-to-34-year-old age group.

To help entrepreneurs determine which countries to consider for start-up opportunities, we turned to the World Bank’s “Doing Business 2015” report team, who annually rank 189 countries on both the ease of conducting business and starting a new business.

This year, New Zealand leads the world in the ease of starting a new business category and comes in second on the ease of doing day-to-day business.

“New Zealand is the best performing country for new business,” the World Bank team said, “because of the simplicity and relative low cost of starting a business in the country. First, it takes just one online procedure to get started. Then, it should take start-ups no more than a half-day to get everything done. There also are no paid-in minimum capital requirements in New Zealand and the costs to start a limited liability company are only 0.3 percent of GNI per capita, which is the average income earned by a New Zealander.”

New Zealand’s lack of red tape, investor protections, stable business environment and transparency are winning it high marks from investors and entrepreneurs. The New Zealand government also offers entrepreneurs a range of grants and funding support. You can learn more from the New Zealand Small Business Assistance Center.

“New Zealand stands out because they tick all of the key criteria we consider,” the World Bank team said. “We have been gathering and analyzing data to compare business regulation environments, and the time it takes to start a business, across 189 global economies since 2002.”

All countries are measured on four equally-weighted criteria: 1) The time it takes a company for pre-registration, registration and post registration; 2) The cost to start a business as a percent of per capita income; 3) The number of procedures that are required or done in practice; and, 4) The paid-in minimum capital requirements.

In addition to New Zealand, the other top 10 best countries for entrepreneurs are a mix of developed and emerging nations: Canada, Macedonia, Armenia, Georgia, Singapore, Australia, Hong Kong, China, Kyrgyzstan and Portugal.

By comparison, the United States ranked forty-sixth in the ease of starting a business category.

These 10 countries meet the World Bank’s four criteria better than the other 179 countries studied. They also lead in other global best practices, such as the creation of one-stop shopping and the use of standardized forms, which help make starting a business much less complicated and time consuming.

It is not surprising that some of the top-ranked countries to start a new business are emerging countries. The Global Entrepreneurship Monitor (GEM), which reports annually on Total Entrepreneurial Activity in 69 countries, found the highest rates of entrepreneurship in Sub-Saharan Africa and the Latin America/Caribbean region. GEM also reported that the highest entrepreneurship rates were found in the 25-34-year-old age group, followed by the 35-44-year-old segment. These two age groups represent close to 50 percent of all entrepreneurs.