Why does Hong Kong rank fourth easiest for business again?

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Hong Kong Retains Fourth Easiest Jurisdiction Ranking Due to Straightforward, Low Tax Regime

Hong Kong has once again secured its position as the fourth easiest jurisdiction globally for conducting business, a ranking it has held for the second consecutive year. This sustained ease of operation is primarily attributed to the territory's straightforward and low tax system, which continues to be a significant draw for international companies. The Global Business Complexity Index (GBCI), compiled by TMF Group, analyses over 250 indicators across 79 jurisdictions to assess the complexity of their business environments.
Straightforward and Low Tax Regime Attracts Businesses

The territory's continued appeal to international businesses stems directly from its uncomplicated and favourable tax structure. This straightforward approach simplifies compliance and financial management for companies operating within Hong Kong, contributing to its consistent ranking. The GBCI specifically notes this attribute as a key factor in Hong Kong's sustained ease of doing business.
Global Business Complexity Index Analysis

The Global Business Complexity Index evaluates jurisdictions based on more than 250 indicators, providing a comprehensive overview of the business environment. Jurisdictions are ranked from most complex to least complex, with Hong Kong's consistent placement in the top tier of ease indicating a stable and predictable operational landscape. This index covers 79 jurisdictions, representing 94 per cent of global GDP.
Regional Efforts to Ease Business Procedures

Shagun Kumar, Head of Asia Pacific (APAC) at TMF Group, highlighted that regional decision-makers are actively intensifying efforts to simplify business procedures. These initiatives aim to reduce unnecessary burdens, thereby unlocking economic growth. Such efforts are expected to encourage businesses to adapt and leverage the region's potential as a critical component of their global strategies.

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Why does Hong Kong rank fourth easiest for business again?

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