Thailand beats China, takes second place behind India as best nation for starting business

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Thailand has secured the second position as the best country in the world to start a business in 2023, as per rankings published in the US News and World Report.

The “Best Countries for Starting a Business in 2023” report assessed 85 countries on various factors, such as taxes, labour conditions and other business-related conditions.

Besides Thailand, the other South-East Asian countries in the Top 10 list are Philippines , Vietnam and Malaysia . The rankings to start a business this year were determined through a comprehensive survey involving more than 17,000 people worldwide. Among them were 4,600 decision-makers in the business world, like senior executives in organisations or small business owners who employ staff.

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