In a striking revelation from the Global Business Complexity Index (GBCI) released by TMF Group, Hong Kong and New Zealand have solidified their positions as the easiest places to conduct business in the Asia-Pacific region for 2025. This in-depth report evaluates the business landscapes of 79 jurisdictions, which collectively represent a staggering 94% of the world's GDP.

Hong Kong: A Business Paradise for Foreign Enterprises

Hong Kong, SAR, retains its prestigious title as the 4th least complex jurisdiction for doing business for the second consecutive year. Known for its low tax rates and minimal regulatory hurdles, this vibrant city continues to attract international companies looking for a streamlined business environment.

New Zealand: The Gateway for Global Investments

New Zealand also shines in the GBCI as one of the easiest places worldwide for conducting business, bolstered by its welcoming government strategies aimed at foreign investors and efficient administrative procedures. This friendly approach fosters an inviting atmosphere for business operations, enhancing its global appeal.

India’s Business Challenges: A Regulatory Quagmire

Conversely, India, ranking 18th, faces increasing business complexity due to a slew of recent regulatory changes. While these amendments are intended to enhance transparency, they have also introduced new layers of compliance challenges for companies navigating the Indian market.

Japan: Making Strides But Facing Hurdles

Japan lands at 43rd place, showing a slight drop in complexity from last year's ranking. Recent reforms aimed at simplifying processes and providing English-language support for foreign businesses are steps in the right direction, yet more work remains to be done to fully transition into a business-friendly environment.

Singapore: A Pillar of Resilience

Ranked at 48th, Singapore continues to demonstrate resilience, investing heavily in technology and infrastructure to maintain its status as a premier regional hub for trade and finance. Its ongoing improvements ensure it remains competitive and conducive for international business.

China: A Complex Landscape

On the other hand, Mainland China has entered the top 10 most complex jurisdictions at 10th place. The report cites frequent regulatory changes and regional differences as major contributing factors to its complexity. Nevertheless, the Chinese government is actively offering incentives aimed at attracting investments and bolstering infrastructure.

A Brighter Future for APAC Business?

Shagun Kumar, TMF Group’s Head of APAC, noted that there’s a burgeoning initiative among decision-makers to lighten the burdens on businesses throughout the region. This shift aims to spur economic growth and optimize APAC as a critical player in global business strategies, paving the way for companies to tap into its vast potential.