Denmark, the Scandinavian country squished between Germany and Sweden, is ranked the easiest place to do business in the world, according to the recently published Global Business Complexity Index 2021. The report explains:
“In Denmark, you can incorporate a company within a day,due to the fact that there is one single entry point for all registrations, and all necessary bodies and organisations are automatically notified.”
France came second to worst of the 77 countries ranked.
“France’s place as the second most complex jurisdiction is driven by complexities in accounting and tax processes, and heavily employee-centric HR regulations,” the report states.
Brazil was the most complicated place to do business. The 77 countries accounting for 92% of global GDP, the report’s authors claim.
The survey measured the complexity of accounting and tax, setting up and maintaining a corporation or other business entity, as well as human resources and payroll rules.