Image by carloyuen from Pixabay

HK ranks 4th amongst markets with the least complex jurisdictions for doing business

It is the only Asian market in the top 10.

Hong Kong has emerged as one of the easiest markets to do business globally.

Data from TMF Group showed that Hong Kong is the fourth least complex jurisdiction for doing business in the world. 

2023 marks the third year that Hong Kong was featured in the ten least complex jurisdictions list.

“Its efforts to prioritise international alignment and simplify business processes have been fruitful. It remains a favourable jurisdiction to do business in terms of its infrastructure and low tax rates,” the TMF Group reported.

“Despite its simplicity, business owners in Hong Kong still deal with strict due diligence checks and know your customer (KYC) requirements,” it added. 

TMF Group analyses 78 locations for its Global Business Complexity Index (GBCI).

The 78 jurisdictions included in the index account for 92% of the world’s total GDP and 95% of net global FDI flows. 

TMF Group evaluates the markets in nearly 300 annually tracked indicators, presenting data on critical aspects of conducting business involving legislation, compliance, accounting procedures, tax regimes, human resources (HR) and payroll processes.

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!