Brazil once again tops the ranking as the most complex jurisdiction after being at number one in 2021.
We at TMF Group are delighted to be able to bring you our 2022 Global Business Complexity Index, looking at differences in the rules and requirements for doing business in 77 jurisdictions around the world. Those jurisdictions cover just 32% of the total country count, but capture the world’s largest economies and investment hubs, representing 71% of world population, 92% of world GDP and 95% of net FDI inflow.
The Global Business Complexity Index 2022 (GBCI) provides an authoritative overview of the complexity of establishing and operating businesses around the world. It explores factors driving the success or failure of international business, with a focus on operating in foreign markets, and outlines key themes emerging globally as well as local intricacies across 77 jurisdictions. The GBCI 2022 is based on 292 different indicators relating to business complexity, and provides indepth analysis of the global and local challenges that impact on the ease of doing business around the world. These data points are used to compile a global ranking of the 77 jurisdictions, based on the complexity of their business environments and covering legislation, compliance, accounting procedures, tax regimes, human resources (HR) rules and payroll processes.
Join our TMF Group experts and learn about the Brazilian Market complexities and opportunities.
10:00 a.m.
Welcome
10:05 a.m.
What is the Global Business Complexity Index (GBCI)?
10:10 a.m.
3 Global Themes
- Emerging from Covid-19: We explore whether Covid-19 accelerated existing trends and ask: are changes to legislation and practices that resulted from the pandemic here to stay?
- Simplification: By comparing different jurisdictions we identify what’s driving simplification for global business, and any barriers that are making things more complex.
- The rise of ESG: We examine the impact of Environmental, Social and Governance (ESG) criteria on corporate behaviour and in government legislation and guidance.
10:15 a.m.
- Brazil once again tops the ranking as the most complex jurisdiction after being at number one in 2021. The key drivers of complexity in Brazil are the volume of regulatory changes each year, as well as the three layers of tax regimes to comply with – federal, state and municipality
- Local regulation and trends that affect your business
- Brazil in the Latam context
10:35 a.m.
Macroeconomics landscape
10:55 a.m.
Questions and closing remarks
Speakers:
Mike Morroni - Head of Business Development Americas
He has been with TMF for 8+ years living in a variety of locations including Miami, Hong Kong, and Switzerland. Before this Mike had 15+ years of experience working in London and New York within services companies, including Control Risks Group, Barclays, Morgan Stanley, and Cantor Fitzgerald. Mike also has an MBA from ESADE Business School in Barcelona. He enjoys spending time with his family, traveling, and has visited over 100 countries.
Rodrigo Zambon - Brazil Managing Director / Member of the Executive Committee Iberia/Latam of TMF Group
20+ years of experience as an International Business Executive with a focus on market entry, strategy, business development, and operations. Solid career as M&A, Strategy, and Operations consultant.
Fernando Honorato Barbosa - Chief Economist and Director of Economic Studies at Bradesco
Fernando is also coordinator of the Macroeconomic Advisory Group of Anbima, a guest member of the G100, and the Chief Economists Community of the World Economic Forum.
During his 18 years at Bradesco, he has held several positions. He was executive superintendent and chief economist, as well as responsible for the credit and equity research areas of Bradesco Asset Management (2011-2016), deputy chief economist at the Bank's Economics Department (2008-2011), chief economist at Bradesco BBI (2007-2008) and senior economist at Bradesco from 2003 to 2007. He has 23 years of experience in economic analysis and has articles published in magazines, newspapers, and books in Brazil and abroad. As well as his experience with Bradesco, he also worked for BBVA, BankBoston, and Rosenberg & Associados.