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LONDON, Aug. 18, 2023 /PRNewswire/ TMF Group, a leading provider of compliance and administrative services, has launched the tenth edition of its Global Business Complexity Index (GBCI). The comprehensive report analyses 78 jurisdictions (77 in 2022), which account for 92% of the world's total GDP and 95% of net global FDI flows. It evaluates nearly 300 annually tracked indicators, presenting data on critical aspects in conducting business involving legislation, compliance, accounting procedures, tax regimes, human resources (HR) and payroll processes. Indonesia leads the rankings as the most complex jurisdiction in APAC (11th vs 6th in 2022 globally), followed by mainlandChina (15th), South Korea (16th), Malaysia (21st) and the Philippines (31st). This is only the second time in ten years that there are no APAC countries in the ten most complex jurisdictions. On the other hand, India (33rd) has improved its position tremendously this year through reforming legislation, along with

Hong kongBritish virgin islandsCity ofUnited kingdomRepublic ofSouth koreaCayman islandsNew zealandShagun kumarGroup headGlobal business complexity indexAug 18023 prnewswire tmf groupA leading provider of compliance and administrative servicesAs launched the tenth edition of its global business complexity index gbci comprehensive report analyses 78 jurisdictions 77 in 2022Hich account for 92 of the world 39s total gdp and 95 net global fdi flows it evaluates nearly 300 annually tracked indicators