Latest news with #GlobalBusinessComplexityIndex
Epoch Times
a day ago
- Business
- Epoch Times
NZ, Hong Kong Lead Asia-Pacific in Business Ease, China Now in Top 10 Most Complex
New Zealand and Hong Kong are still regarded as the easiest countries in the Asia-Pacific region to do business, ranking third and fourth, respectively, in the world behind the Cayman Islands and Denmark. That's the result of this year's Global Business Complexity Index (GBCI), which analyses the business environment of 79 jurisdictions, accounting for 94 percent of the world's GDP. It also ranks them based on over 250 indicators of business complexity.
The Star
3 days ago
- Business
- The Star
GBCI 2025: Hong Kong, NZ among easiest for business while China rises in complexity
Hong Kong city skyline. REUTERS/Tyrone Siu KUALA LUMPUR: Hong Kong and New Zealand remain among the world's least complex jurisdictions for doing business, according to the latest Global Business Complexity Index (GBCI) released by TMF Group. The index, which analyses the business environment in 79 jurisdictions covering 94 per cent of global gross domestic product (GDP), ranks jurisdictions based on over 250 indicators of business complexity. Jurisdiction ranked first is deemed the most complex, while the 79th is the least. TMF Group Head of Asia Pacific (APAC), Shagun Kumar in a statement said regional decision-makers are intensifying efforts to ease business procedures. "Efforts to reduce unnecessary burdens are helping unlock economic growth across APAC. We expect businesses to adapt and leverage the region's potential as a vital part of their global strategies,' he said. Hong Kong Special Administrative Region (SAR) retained its position as the fourth easiest jurisdiction globally for the second consecutive year. TMF Group said the territory continues to attract international businesses with its straightforward and low tax regime. New Zealand also remained within the top 10 easiest jurisdictions, supported by the government's proactive stance on foreign investment and efficient administrative processes. Meanwhile, India was ranked 18th in terms of complexity, driven largely by a wave of regulatory amendments aimed at enhancing transparency and accountability. While these changes are expected to yield long-term benefits, they have increased the compliance burden on businesses. Japan saw an improvement in its ranking, moving from 38th to 43rd. The country's business environment has become less complex, aided by simplification efforts and increased availability of English-language support for international financial firms. Singapore ranked 48th, maintaining its position as a resilient and technologically advanced trade hub. TMF Group cited the city-state's continued investment in infrastructure as a key factor behind its attractiveness to global businesses. China's Mainland, however, entered the top 10 most complex jurisdictions, ranking 10th this year. The report attributed this to frequent regulatory changes and regional disparities, although the Chinese government continues to provide incentives to boost investment and trade logistics. The top five most complex jurisdictions are Greece, France, Mexico, Turkey and Colombia. At the other end of the spectrum, the Cayman Islands, Denmark and New Zealand are the three least complex jurisdictions, followed by Hong Kong SAR and Jersey. - Bernama
Business Upturn
3 days ago
- Business
- Business Upturn
Egypt and Saudi Arabia are the easiest countries for doing business in the Middle East, says GBCI 2025
LONDON, June 04, 2025 (GLOBE NEWSWIRE) — The Middle East is positioned as a mid-complexity region for doing business in the Global Business Complexity Index (GBCI) recently launched by TMF Group. The report ranks 79 jurisdictions, accounting for 94% of the world's GDP, based on their business complexity, with 1 being the most complex and 79 the least complex. Within the Middle East, Egypt is ranked 37th globally, followed closely by the Kingdom of Saudi Arabia at 38th, the United Arab Emirates (UAE) at 39th and Qatar at 44th. Egypt has decreased in complexity from last year's position of 28th, mainly due to several strategic efforts and developments. For example, the country's adoption of diverse logistic solutions and strengthening of trade corridors has played a pivotal role in mitigating economic pressures and geopolitical risks. The establishment of integrated logistics corridors and free zones, coupled with incentives like simplified customs procedures, has also enhanced accessibility for foreign businesses. Saudi Arabia has also improved its position, ranking 38th this year (one point less complex than last year), with resilience amid geopolitical disruptions and Vision 2030 initiatives being highlighted as key drivers of the ease of complexity. The country's strategy to diversify its economy beyond oil dependency continues at the forefront, as the Kingdom invests in trade infrastructure and regulatory frameworks, enhancing supply chain resilience. In addition, under Vision 2030, Saudi Arabia is striving to reduce its vulnerability to geopolitical threats. Parallelly, investments in infrastructure aim to establish the Kingdom as a global logistics hub. The UAE, ranking 39th this year, continues to position itself as a resilient hub amid global geopolitical disruptions. Strict regulations in place aim to ensure operations are compliant and secure, and contribute to the UAE being seen as a 'safe haven' for a diverse range of sectors. These regulations help mitigate risks and provide stability for businesses, fostering confidence among investors and enterprises. With multiple entry points and robust infrastructure, the UAE offers reliable trade corridors. With a slight increase in its complexity, Qatar is ranked 44th (last year, it ranked 48th). The geopolitical landscape remains volatile, with Qatar being involved in multiple peace talks, which underscores regional unpredictability and contributes to the heightened sense of uncertainty in the business environment. Additionally, the labour market faces challenges such as increased staff turnover and wage inflation, impacting cost efficiency. Achin Malik, TMF Group's Middle East, India and Africa Market Head, commented: 'Complexity is no longer the biggest challenge for business worldwide: uncertainty is. At a time of great instability in global trade and rising geopolitical tensions, the Middle East is increasingly strengthening its trade corridors — and exploring new ones. This positions countries like Egypt, Saudi Arabia, UAE and Qatar as resilient hubs for businesses amid geopolitical and natural disruptions, in a context of increased unpredictability.' Global top and bottom ten (1= most complex, 79= least complex) 1. Greece 79. Cayman Islands 2. France 78. Denmark 3. Mexico 77. New Zealand 4. Turkey 76. Hong Kong, SAR 5. Colombia 75. Jersey 6. Brazil 74. Netherlands 7. Italy 73. Jamaica 8. Bolivia 72. British Virgin Islands 9. Kazakhstan 71. Curaçao 10. China 70. Czech Republic Media Contacts TMF Group Marina Llibre Martín, Global PR Manager [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
3 days ago
- Business
- Yahoo
Egypt and Saudi Arabia are the easiest countries for doing business in the Middle East, says GBCI 2025
LONDON, June 04, 2025 (GLOBE NEWSWIRE) -- The Middle East is positioned as a mid-complexity region for doing business in the Global Business Complexity Index (GBCI) recently launched by TMF Group. The report ranks 79 jurisdictions, accounting for 94% of the world's GDP, based on their business complexity, with 1 being the most complex and 79 the least complex. Within the Middle East, Egypt is ranked 37th globally, followed closely by the Kingdom of Saudi Arabia at 38th, the United Arab Emirates (UAE) at 39th and Qatar at 44th. Egypt has decreased in complexity from last year's position of 28th, mainly due to several strategic efforts and developments. For example, the country's adoption of diverse logistic solutions and strengthening of trade corridors has played a pivotal role in mitigating economic pressures and geopolitical risks. The establishment of integrated logistics corridors and free zones, coupled with incentives like simplified customs procedures, has also enhanced accessibility for foreign businesses. Saudi Arabia has also improved its position, ranking 38th this year (one point less complex than last year), with resilience amid geopolitical disruptions and Vision 2030 initiatives being highlighted as key drivers of the ease of complexity. The country's strategy to diversify its economy beyond oil dependency continues at the forefront, as the Kingdom invests in trade infrastructure and regulatory frameworks, enhancing supply chain resilience. In addition, under Vision 2030, Saudi Arabia is striving to reduce its vulnerability to geopolitical threats. Parallelly, investments in infrastructure aim to establish the Kingdom as a global logistics hub. The UAE, ranking 39th this year, continues to position itself as a resilient hub amid global geopolitical disruptions. Strict regulations in place aim to ensure operations are compliant and secure, and contribute to the UAE being seen as a 'safe haven' for a diverse range of sectors. These regulations help mitigate risks and provide stability for businesses, fostering confidence among investors and enterprises. With multiple entry points and robust infrastructure, the UAE offers reliable trade corridors. With a slight increase in its complexity, Qatar is ranked 44th (last year, it ranked 48th). The geopolitical landscape remains volatile, with Qatar being involved in multiple peace talks, which underscores regional unpredictability and contributes to the heightened sense of uncertainty in the business environment. Additionally, the labour market faces challenges such as increased staff turnover and wage inflation, impacting cost efficiency. Achin Malik, TMF Group's Middle East, India and Africa Market Head, commented: 'Complexity is no longer the biggest challenge for business worldwide: uncertainty is. At a time of great instability in global trade and rising geopolitical tensions, the Middle East is increasingly strengthening its trade corridors — and exploring new ones. This positions countries like Egypt, Saudi Arabia, UAE and Qatar as resilient hubs for businesses amid geopolitical and natural disruptions, in a context of increased unpredictability.' Global top and bottom ten (1= most complex, 79= least complex) 1. Greece 79. Cayman Islands 2. France 78. Denmark 3. Mexico 77. New Zealand 4. Turkey 76. Hong Kong, SAR 5. Colombia 75. Jersey 6. Brazil 74. Netherlands 7. Italy 73. Jamaica 8. Bolivia 72. British Virgin Islands 9. Kazakhstan 71. Curaçao 10. China 70. Czech Republic Media Contacts TMF Group Marina Llibre Martín, Global PR in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Hong Kong and New Zealand, the easiest jurisdictions for doing business in APAC, says GBCI 2025
LONDON, June 04, 2025 (GLOBE NEWSWIRE) -- The Global Business Complexity Index (GBCI), recently launched by TMF Group, analyses the business environment of 79 jurisdictions, accounting for 94% of the world's GDP. It also ranks them based on over 250 indicators of business complexity, with the jurisdiction ranked 1st as the most complex and the jurisdiction ranked 79th, the least. Among the world's 10 least complex jurisdictions for doing business, Hong Kong, SAR remains the 4rth easiest jurisdiction for the second year in a row. The jurisdiction offers a favourable business environment, characterised by a straightforward and low tax regime that appeals to international businesses. New Zealand, also included in the 10 easiest jurisdictions worldwide, maintains its reputation as a straightforward place for business operations. This is largely due to the government's proactive approach in welcoming foreign investments and streamlined administrative processes. Meanwhile, business complexity in India (18th) is mainly driven by recent regulatory changes, according to this year's GBCI report. Over the past year, India has introduced numerous regulatory amendments aimed at boosting transparency and accountability. Although these are expected to bring benefits in the long term, they have added layers of complexity for businesses operating in the country, requiring constant adaptation to new compliance needs. Japan is ranked 43rd in this year's GBCI, showing a decrease in complexity from last year's position (38th). This decrease in complexity is partly due to recent simplifications and governmental initiatives to provide English-language support to international financial service companies. These measures facilitate easier operations and reduce barriers for foreign businesses, improving investment attractiveness. Singapore, ranking 48th, continues to demonstrate resilience and adaptability in its trade corridors. This jurisdiction invests heavily in technology and infrastructure upgrades, reinforcing its status as a regional hub. China's Mainland (10th) enters the top 10 most complex jurisdictions for businesses in 2025. According to the report, the complexity is driven by its frequent regulatory changes and regional disparities. Despite these challenges, the government continues to offer incentives to attract investment and to promote infrastructure development to enhance trade logistics. TMF Group's Head of APAC, Shagun Kumar, commented: 'We're seeing a growing effort by decision-makers and businesses across APAC to reduce unnecessary burdens for doing business in the region — these have in the past delayed development, leading to complex evaluations for investment. Such efforts contribute to unlocking the region's drive towards economic growth, and we expect businesses to adapt and continue to leverage the potential of APAC as a key contributor for their global strategies.' Top and bottom ten (1= most complex, 79= least complex) 1. Greece 79. Cayman Islands 2. France 78. Denmark 3. Mexico 77. New Zealand 4. Turkey 76. Hong Kong, SAR 5. Colombia 75. Jersey 6. Brazil 74. Netherlands 7. Italy 73. Jamaica 8. Bolivia 72. British Virgin Islands 9. Kazakhstan 71. Curaçao 10. China's Mainland 70. Czech Republic Media ContactsMarina Llibre while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
