As one of the world’s leading providers of administrative services, TMF Group publishes the Global Corporate Complexity Index (GBCI) annually to help its clients operate and invest safely around the world. The report analyzes the regulations and requirements for doing business in 77 jurisdictions around the world. This strategic location is the world’s largest economic and investment center, home to 71% of the world’s population and 92% of world GDP. As part of this report, the company presents at GBCI 2022 10 jurisdiction easier to invest and operate.

The main problem of business complexity

An expert group of professionals in more than 85 TMF Group offices support their clients with legal, financial, human resources and payroll services. The data that the TMF Group provides in GBCI is critical in this respect, considering three main issues that define complexity or simplicity: Post-pandemic era; business simplification, with its drivers and constraints; and criteria for environmental management, social responsibility and corporate governance.

Starting from the premise that “uncomplicated trade and investment spurs economic growth”, Mark Weil, CEO of TMF Group, pointed out that “as in previous years, some of the least complicated places to operate are small offshore economies”. .

optimum environment

GBCI 2022 determined that the 10 easiest jurisdictions to do business are Great Britain, Norway, New Zealand, United States, Jersey, British Virgin Islands, Hong Kong, Denmark, Curaçao and the Cayman Islands. To establish this classification, variables such as legislation, favorable tax regimes, regulations on human resources and payroll, and changes in the post-pandemic era are taken into account.

GBCI identifies the drivers of simplification that support the demonstrated environment, such as political, social and economic stability, digital competence of citizens, clear and defined norms or laws, and international harmonization.

In the case of the United Kingdom (UK), it can be seen that it has for the first time been placed in this simplest 10 jurisdiction category, as the government has made incorporation of new companies more flexible. Norway, Denmark, New Zealand and other jurisdictions stand out for their high levels of digitization and automation. The United States remains on the list along with Hong Kong as a giant of its progressive approach and interest in lowering tax rates. While the Cayman Islands rank as the easiest GBCI jurisdiction due to the fluidity of its accounting and tax regulations.

The Global Corporate Complexity Index has become a one-stop guide for assessing the best environment for growing economically, safely, and quickly.