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TMF Index 2026 Puts Argentina Back in the Top 10 for Business Complexity

TMF cites fast-changing rules with heavy compliance costs as the main drag on operations.

Overview

  • TMF’s 2026 Global Business Complexity Index, released Tuesday, ranked Argentina ninth out of 81 jurisdictions.
  • The index focuses on compliance burdens rather than macro appeal and flags frequent rule changes, rising tax demands, and dense paperwork, with new digital tools often layered over old manual steps.
  • Companies are already adjusting, with 69% outsourcing work, 59% cutting staff, 55% shutting offices, and 51% freezing hiring.
  • TMF notes improving investor interest after measures such as the large-investment incentive regime RIGI and a labor reform, yet says only sustained regulatory stability will lift Argentina’s standing over time.
  • Latin America accounts for six of the ten most complex markets, with Mexico second globally behind Greece, underscoring a regional pattern of heavy administrative and regulatory friction.