This index also provides insights into which economies are better positioned for growth compared to others. "And an effective way to identify where investment spending will soon occur," said EIU analysts.

Then Denmark is considered to have a solid macroeconomic fundamentals. As for high-quality transportation and digital infrastructure, it makes it one of the most attractive business locations in the world. The same goes for the United States, where market opportunities will still be profitable in Uncle Sam's country. Especially with minimal restrictions on trade and foreign investment in the US.

"Singapore, Denmark, and the United States are projected to have the best business environment in the next five years," the report shows. Germany and Switzerland are in fourth and fifth positions, while Canada, Sweden, New Zealand, Hong Kong, and Finland complete the other top 10 places in the world for doing business."