Written by TMF Group
10th GBCI report: rankings revealed – Netherlands and UK among 10 easiest countries to invest in. The US loses position in top 10. France overtakes Brazil as the most complex jurisdiction for doing business.
TMF Group, a leading provider of compliance and administrative services, has launched the 10th edition of the Global Business Complexity Index (GBCI).
The comprehensive report analyses 78 jurisdictions which account for 92% of the world’s total GDP and 95% of net global FDI flows. It compares 292 annually tracked indicators, offering data on key aspects of doing business, including incorporation timelines, payroll and benefits, rules, regulations, tax rates, and other compliance factors.
The study reveals some important news: the US has fallen out of the bottom ten (the easiest places to do business) after many years of featuring in that prestigious list. Meanwhile, Denmark, the UK and Hong Kong keep their places in the ten least complex jurisdictions.
The list of the ten most business-friendly jurisdictions has some new entries, such as Malta (69th position vs 67th place in 2022) and the Netherlands (75th position vs 56th place in 2022). The Cayman Islands (78th) retains its place as the easiest jurisdiction to do business.