TMF Group Launches 10th Edition of Global Business Complexity Index (GBCI)

Hong Kong has been ranked as the fourth easiest jurisdiction globally for conducting business, according to the recent Global Business Complexity Index (GBCI) released by TMF Group. However, China and Indonesia remain the most complex countries in the Asia-Pacific (APAC) region. The GBCI evaluates 78 jurisdictions based on indicators such as legislation, compliance, accounting procedures, tax regimes, human resources, and payroll processes. Indonesia takes the lead as the most complex jurisdiction in APAC, followed by China, South Korea, Malaysia, and the Philippines. On the other hand, India has made significant improvements by implementing legislative reforms to reduce the compliance burden. Hong Kong has maintained its position as one of the least complex jurisdictions for three consecutive years, thanks to its efforts to align with international standards and simplify business processes. The report also highlights three key themes: geopolitical and economic turbulence, global compliance challenges, and the growing importance of environmental, social, and governance considerations in business operations.



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