Thailand Ranks Ninth in the World for Country Most Open for Business

The Royal Thai Embassy in the United States has announced through its Facebook page that Thailand has secured ninth place among 87 countries listed as the most open for business in 2023.

The annual ranking – known as ‘Best Country: Open for Business in 2023’ – is organized by the US News and World Report. The ranking considers an equal weighted average of five factors comprising bureaucracy, low production costs, corruption, tax-friendly environment, and transparent government regulations.

Leading the list as the most open country for business is Switzerland, followed by Luxembourg and Finland. On the other end of the spectrum, the least open countries for business are Russia, followed by Iran and Belarus.

The top 10 countries for business friendliness in 2023 are as follows: 1. Switzerland 2. Luxembourg 3. Finland 4. Sweden 5. Norway 6. Denmark 7. Singapore 8. Panama 9. Thailand 10. New Zealand.

Source: PR Thai Government.

Mr. Adam Judd is the Co-owner of TPN Media since December 2017. He is originally from Washington D.C., America, but has also lived in Dallas, Sarasota, and Portsmouth. His background is in retail sales, HR, and operations management, and has written about news and Thailand for many years. He has lived in Pattaya for over nine years as a full-time resident, is well known locally and been visiting the country as a regular visitor for over a decade. His full contact information, including office contact information, can be found on our Contact Us page below. Stories please e-mail About Us: Contact Us: