1、Tackling cross-border business challenges in turbulent timesGlobal Business Complexity Index 2024ContentsForewordIntroduction Global themes Investing safely and securely in high complexity jurisdictions Multinational risk and how it shapes the business environment Growth in uncertain times strategie

2、s for success GBCI rankings 2024 Ten most complex jurisdictionsCore business areas Accounting and tax Global entity management Human resources and payrollTen least complex jurisdictions Conclusion Methodology Glossary345611182224303643495556573Foreword/GBCI 2024ForewordThis year marks TMF Groups 11t

3、h annual report on global business complexity,exploring the challenges of establishing and running businesses in 79 jurisdictions around the world,that between them represent 93%of world GDP and 88%of net FDI inflow.While those challenges can result in various safeguards that matter to a particular

4、country-like employee protection for example-they can also create complexity that suppresses investment,employment and wealth creation.By comparing each countrys rules and regulations in detail and from that developing the aggregate ranking of countries based on complexity,we hope to alert firms to

5、the challenges of doing business in particular places,and to encourage governments to simplify wherever possible.A feature of the world at present is heightened geopolitical tension-in particular between the USA and Mainland China-the worlds two largest economies and by some way,its leading trading

6、pair.In response to lockdowns,political interference,the expectation of greater trade restrictions and a more multi-polar world economy,firms are creating more complex,resilient paths to trade,with multiple paths that put them inside different trade blocs and that create some redundancy in the event