{"id":55933,"date":"2024-06-11T03:58:46","date_gmt":"2024-06-11T03:58:46","guid":{"rendered":"https:\/\/english.saigonbiz.com.vn\/2024\/06\/11\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/"},"modified":"2024-06-11T03:58:46","modified_gmt":"2024-06-11T03:58:46","slug":"gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/","title":{"rendered":"GBCI 2024: Turkey remains the most complex Middle Eastern country in which to do business for the second year running"},"content":{"rendered":"<div>\n<p align=\"justify\">LONDON, June  05, 2024  (GLOBE NEWSWIRE) &#8212; TMF Group, a leading provider of compliance and administrative services, has today launched the 11<sup>th<\/sup> edition of the Global Business Complexity Index (GBCI). Based on 292 key business indicators across 79 jurisdictions, this report provides an overview of the challenges investors face when operating businesses around the world.<\/p>\n<p align=\"justify\">Within the Middle East, Turkey tops the rankings as the most complex country in the region in which to do business, coming in at 6<sup>th<\/sup> in the global standings. The country\u2019s frequent tax law changes, elaborate document submission processes and new capital requirements for specific sectors contribute to its complexity level. Government VAT exemptions are also often left unutilised by business owners due to a complex bureaucratic process.<\/p>\n<p align=\"justify\">Across the rest of the region, Egypt (ranked 28<sup>th<\/sup>) has introduced golden licenses to reduce differing approval requirements., while Saudi Arabia, a new entry in this year\u2019s GBCI, ranks at 37<sup>th<\/sup>. Meanwhile, the United Arab Emirates (UAE) has dropped from 53<sup>rd<\/sup> to 40<sup>th<\/sup> in this year\u2019s standings, but remains a significant trading, tourism and financial hub within the region.<\/p>\n<p align=\"justify\">TMF Group\u2019s Market Head of Middle East &amp; Africa, Stewart Adams said:<\/p>\n<p align=\"justify\"><em>\u201cThe business landscape in this particular region is quite dynamic and overall, positive. We are seeing economic diversification, increasing investments, and growing relations among the jurisdictions. However, there will still be challenges to be faced by investors due to geopolitical instability and regulatory barriers, so a nuanced understanding of this business environment is very much needed.\u201d<\/em><\/p>\n<p align=\"justify\"><strong>Top and bottom ten (1= most complex, 79= least complex)<\/strong><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"max-width:50%; width:50%; min-width:50%;\">1 Greece<\/td>\n<td style=\"max-width:50%; width:50%; min-width:50%;\">70 Jamaica<\/td>\n<\/tr>\n<tr>\n<td>2 France<\/td>\n<td>71 British Virgin Islands (BVI)<\/td>\n<\/tr>\n<tr>\n<td>3 Colombia<\/td>\n<td>72 Jersey<\/td>\n<\/tr>\n<tr>\n<td>4 Mexico<\/td>\n<td>73 United Kingdom<\/td>\n<\/tr>\n<tr>\n<td>5 Bolivia<\/td>\n<td>74 The Netherlands<\/td>\n<\/tr>\n<tr>\n<td>6 Turkey<\/td>\n<td>75 New Zealand<\/td>\n<\/tr>\n<tr>\n<td>7 Brazil<\/td>\n<td>76 Hong Kong, SAR<\/td>\n<\/tr>\n<tr>\n<td>8 Italy<\/td>\n<td>77 Denmark<\/td>\n<\/tr>\n<tr>\n<td>9 Peru<\/td>\n<td>78 Cura\u00e7ao<\/td>\n<\/tr>\n<tr>\n<td>10 Kazakhstan<\/td>\n<td>79 Cayman Island<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">Media Contacts<\/p>\n<p align=\"justify\">TMF Group:<br \/>Giampaolo Arghittu<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_Icb1NE6ApJNCQigCXoTLiqGFxv-HGGXLM6yP9Rs-XCc4Anm0G3vwL258I8WVpEKpfY6c1WvHE-ckbdnDZbT4xGIAo9yCcLSL1G9WApcY7dgAU-SByb-wLNyV9PEtZiUXP8Gs5_R-q8NDQUVqQGJQg==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"giampaolo.arghittu@tmf-group.com\">giampaolo.arghittu@tmf-group.com<\/a><\/p>\n<p align=\"justify\">Zulfadhli Ibrahim<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2iyJC1NIljJX9gso7BtCe5yODxmUaj6UPBMGD14DX9zoJ5s_mZe5ev67Z5jquzNB5d7RIQ2yJFwqpH9yOju3GUfJ7FVttF4gn6s__s0Zk9hMwDS4OsiWMC9MyCsKV3YM\" rel=\"nofollow noopener\" target=\"_blank\" title=\"zulfadhli.ibrahim@tmf-group.com\">zulfadhli.ibrahim@tmf-group.com<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/ml-eu.globenewswire.com\/media\/NzYyMmZkOWYtZGIwNC00ODFjLTkwYWMtYmRjOWJmODQyODJkLTEzMDA1NTI=\/tiny\/TMF-Group-B-V-.png\" referrerpolicy=\"no-referrer-when-downgrade\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LONDON, June 05, 2024 (GLOBE NEWSWIRE) &#8212; TMF Group, a leading provider of compliance and administrative services, has today launched the 11th edition of the Global Business Complexity Index (GBCI). Based on 292 key business indicators across 79 jurisdictions, this report provides an overview of the challenges investors face when operating businesses around the world. [&#8230;]\n","protected":false},"author":1,"featured_media":79226,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-55933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v21.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GBCI 2024: Turkey remains the most complex Middle Eastern country in which to do business for the second year running - Biz and Live in Saigon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GBCI 2024: Turkey remains the most complex Middle Eastern country in which to do business for the second year running\" \/>\n<meta property=\"og:description\" content=\"LONDON, June 05, 2024 (GLOBE NEWSWIRE) &#8212; TMF Group, a leading provider of compliance and administrative services, has today launched the 11th ed\" \/>\n<meta property=\"og:url\" content=\"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/\" \/>\n<meta property=\"og:site_name\" content=\"Biz and Live in Saigon\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SaigonbizGroup\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-11T03:58:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2024\/06\/TMF-Group-B-V-1-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1\" \/>\n\t<meta property=\"og:image:height\" content=\"1\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/person\/267b348e6cf32a66aab33637c2d399a6\"},\"headline\":\"GBCI 2024: Turkey remains the most complex Middle Eastern country in which to do business for the second year running\",\"datePublished\":\"2024-06-11T03:58:46+00:00\",\"dateModified\":\"2024-06-11T03:58:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/\"},\"wordCount\":323,\"publisher\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#organization\"},\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/\",\"url\":\"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/\",\"name\":\"GBCI 2024: Turkey remains the most complex Middle Eastern country in which to do business for the second year running - Biz and Live in Saigon\",\"isPartOf\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#website\"},\"datePublished\":\"2024-06-11T03:58:46+00:00\",\"dateModified\":\"2024-06-11T03:58:46+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/english.saigonbiz.com\/vn\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBCI 2024: Turkey remains the most complex Middle Eastern country in which to do business for the second year running\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#website\",\"url\":\"https:\/\/english.saigonbiz.com\/vn\/\",\"name\":\"Biz and Live in Saigon\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/english.saigonbiz.com\/vn\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#organization\",\"name\":\"SaigonBiz Media\",\"url\":\"https:\/\/english.saigonbiz.com\/vn\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2026\/03\/cropped-c2adea16-1c71-4315-8801-803a8d237e2a_removalai_preview.png\",\"contentUrl\":\"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2026\/03\/cropped-c2adea16-1c71-4315-8801-803a8d237e2a_removalai_preview.png\",\"width\":512,\"height\":512,\"caption\":\"SaigonBiz Media\"},\"image\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/SaigonbizGroup\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/person\/267b348e6cf32a66aab33637c2d399a6\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2026\/03\/c2adea16-1c71-4315-8801-803a8d237e2a_removalai_preview-2_uwp_avatar_thumb.png\",\"contentUrl\":\"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2026\/03\/c2adea16-1c71-4315-8801-803a8d237e2a_removalai_preview-2_uwp_avatar_thumb.png\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/english.saigonbiz.com\/vn\"],\"url\":\"https:\/\/english.saigonbiz.com\/vn\/profile\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"GBCI 2024: Turkey remains the most complex Middle Eastern country in which to do business for the second year running - Biz and Live in Saigon","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/","og_locale":"en_US","og_type":"article","og_title":"GBCI 2024: Turkey remains the most complex Middle Eastern country in which to do business for the second year running","og_description":"LONDON, June 05, 2024 (GLOBE NEWSWIRE) &#8212; TMF Group, a leading provider of compliance and administrative services, has today launched the 11th ed","og_url":"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/","og_site_name":"Biz and Live in Saigon","article_publisher":"https:\/\/www.facebook.com\/SaigonbizGroup","article_published_time":"2024-06-11T03:58:46+00:00","og_image":[{"width":1,"height":1,"url":"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2024\/06\/TMF-Group-B-V-1-2.png","type":"image\/png"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/#article","isPartOf":{"@id":"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/"},"author":{"name":"admin","@id":"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/person\/267b348e6cf32a66aab33637c2d399a6"},"headline":"GBCI 2024: Turkey remains the most complex Middle Eastern country in which to do business for the second year running","datePublished":"2024-06-11T03:58:46+00:00","dateModified":"2024-06-11T03:58:46+00:00","mainEntityOfPage":{"@id":"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/"},"wordCount":323,"publisher":{"@id":"https:\/\/english.saigonbiz.com\/vn\/#organization"},"articleSection":["Economy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/","url":"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/","name":"GBCI 2024: Turkey remains the most complex Middle Eastern country in which to do business for the second year running - Biz and Live in Saigon","isPartOf":{"@id":"https:\/\/english.saigonbiz.com\/vn\/#website"},"datePublished":"2024-06-11T03:58:46+00:00","dateModified":"2024-06-11T03:58:46+00:00","breadcrumb":{"@id":"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/english.saigonbiz.com\/vn\/gbci-2024-turkey-remains-the-most-complex-middle-eastern-country-in-which-to-do-business-for-the-second-year-running\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/english.saigonbiz.com\/vn\/"},{"@type":"ListItem","position":2,"name":"GBCI 2024: Turkey remains the most complex Middle Eastern country in which to do business for the second year running"}]},{"@type":"WebSite","@id":"https:\/\/english.saigonbiz.com\/vn\/#website","url":"https:\/\/english.saigonbiz.com\/vn\/","name":"Biz and Live in Saigon","description":"","publisher":{"@id":"https:\/\/english.saigonbiz.com\/vn\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/english.saigonbiz.com\/vn\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/english.saigonbiz.com\/vn\/#organization","name":"SaigonBiz Media","url":"https:\/\/english.saigonbiz.com\/vn\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/logo\/image\/","url":"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2026\/03\/cropped-c2adea16-1c71-4315-8801-803a8d237e2a_removalai_preview.png","contentUrl":"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2026\/03\/cropped-c2adea16-1c71-4315-8801-803a8d237e2a_removalai_preview.png","width":512,"height":512,"caption":"SaigonBiz Media"},"image":{"@id":"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/SaigonbizGroup"]},{"@type":"Person","@id":"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/person\/267b348e6cf32a66aab33637c2d399a6","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/person\/image\/","url":"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2026\/03\/c2adea16-1c71-4315-8801-803a8d237e2a_removalai_preview-2_uwp_avatar_thumb.png","contentUrl":"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2026\/03\/c2adea16-1c71-4315-8801-803a8d237e2a_removalai_preview-2_uwp_avatar_thumb.png","caption":"admin"},"sameAs":["https:\/\/english.saigonbiz.com\/vn"],"url":"https:\/\/english.saigonbiz.com\/vn\/profile\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/posts\/55933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/comments?post=55933"}],"version-history":[{"count":0,"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/posts\/55933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/media\/79226"}],"wp:attachment":[{"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/media?parent=55933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/categories?post=55933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/tags?post=55933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}