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ARTICLE · 03 APRIL 2023

Challenges Of Doing Business In Australia

TMF Group BV
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Australia's transparent regulatory landscape, strong institutions and good governance make it a secure, relatively safe, stable and prosperous destination in which to do business.

AustraliaGovernment, Public Sector
Andrew McKelvie
Andrew McKelvie
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Australia's transparent regulatory landscape, strong institutions and good governance make it a secure, relatively safe, stable and prosperous destination in which to do business. Notably the World Bank's report Doing Business 2020, comparing business regulation in 190 economies, ranked Australia 14th for ease of doing business.

In TMF Group's Global Business Complexity Index 2022 Australia is ranked 65th for the complexity of its business environment, making it one of the least complex jurisdictions in Asia.

According to Austrade Why Australia Benchmark Report 2022 Australia is ranked first for financial freedom and second for trade freedom. The report also ranks Australia highly in terms of business efficiency and environment, particularly in relation to the number of days and procedures required to start a business.

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