GBCI Highlights Hong Kong as 4th in Business Simplicity in APAC

Hong Kong has been ranked as the fourth least complex jurisdiction for conducting business in the Asia-Pacific region, according to the Global Business Complexity Index (GBCI).

The Global Business Complexity Index (GBCI), recently introduced by TMF Group, evaluates the business landscapes of 79 jurisdictions, which together represent 94% of the global GDP. This index ranks these areas based on over 250 criteria related to business complexity, with the most complex jurisdiction ranked first and the least complex ranked last.

For the second consecutive year, Hong Kong SAR has secured its position as the fourth easiest jurisdiction for conducting business, standing out among the world's ten least complex environments. This consistent ranking underscores Hong Kong's dedication to creating a pro-business atmosphere characterized by streamlined regulations and an efficient operational framework. As global companies seek accessible markets, Hong Kong continues to emerge as a prime destination for investment and business expansion.

The city has established itself as a prominent business hub in the Asia-Pacific region. This strong standing is the result of a favorable business environment that attracts both local entrepreneurs and international investors.

Hong Kong's strategic position acts as a gateway to mainland China and other Asian markets, making it an ideal launchpad for businesses looking to broaden their reach. Additionally, the region boasts a robust legal framework that protects business interests while encouraging transparency and fairness in operations.

Moreover, Hong Kong offers a highly favorable tax environment for businesses, marked by low corporate tax rates and no capital gains tax. This financial landscape allows companies to reinvest their profits into growth initiatives instead of facing burdensome taxes.

As you consider options for setting up or expanding your business in the APAC region, Hong Kong should be a top consideration. Its combination of accessibility, favorable regulations, and economic stability positions it as not just a leading contender but a vital destination for any serious business endeavor.

However, it is essential to seek professional guidance and comply with all regulations to ensure a successful business setup process.

BRASIA provides support and advice for businesses operating in Hong Kong.

For more information, please contact us at info@brasia.hk.