The Royal Thai Embassy in the United States recently shared on its Facebook page that Thailand has secured the ninth spot among 87 countries listed as the most business-friendly in 2023.

The annual ranking, known as the Best Countries for Business in 2023, is organized by the U.S News and World Report and takes into account a weighted average of five factors including bureaucracy, low production costs, corruption, tax-friendly environment, and transparent government regulations.

Switzerland tops the list as the most business-friendly country, followed by Luxembourg and Finland. On the other end of the spectrum, Russia is ranked as the least business-friendly country, followed by Iran and Belarus. The top 10 countries for business-friendliness in 2023 are Switzerland, Luxembourg, Finland, Sweden, Norway, Denmark, Singapore, Panama, Thailand, and New Zealand.

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Thailand Business News covers the latest economic, market, investment, real-estate and financial news from Thailand and Asean. It also features topics such as tourism, stocks, banking, aviation, property, and more.

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