The 2024 Global Business Complexity Index (GBCI) has once again highlighted New Zealand and Hong Kong as the easiest places to do business in the Asia-Pacific region. Globally, they secured impressive third and fourth positions respectively, trailing only the Cayman Islands and Denmark. This ranking considers over 250 indicators across 79 jurisdictions, representing a staggering 94% of global GDP.

Hong Kong, despite recent political changes under the Chinese Communist Party (CCP), continues to boast a remarkably favorable business environment. The report attributes this to its straightforward regulations and low-tax regime, creating an attractive landscape for businesses.

Meanwhile, New Zealand’s consistent high ranking reflects its commitment to simplifying business operations. The government’s proactive stance on attracting foreign investment and streamlining administrative processes has cemented its reputation as a straightforward and efficient place to conduct business. This proactive approach makes it a prime destination for companies looking for a smooth and efficient business environment.

In a significant shift, China has now entered the top 10, indicating a move towards improved business conditions, although it still remains among the more complex environments in the index.