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 report said Hong Kong still maintained a “favourable business environment, characterised by a straightforward and low tax regime,” despite its takeover by the Chinese Communist Party (CCP).
New Zealand maintained a reputation for being a “straightforward place for business operations. This is largely due to the government’s proactive approach in welcoming foreign investments and streamlined administrative processes.”…
NZ, Hong Kong Lead Asia-Pacific in Business Ease, China Now in Top 10 Most Complex
