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"We want to make it as simple and as attractive for you to set up shop here as is possible. That is what this summit is all about," he said, and hoped that global companies would benefit from the new measures.

Obama said there has never been a more exciting time to do business in the U.S.

"And today, I want to talk about why America is not only the right place for you to invest, but why America is the safest, strongest, smartest place for you to invest than we've been in a long time," Obama said.

"After the worst economic crisis since the Great Depression, America is now in the midst of the longest streak of private sector job growth on record. Businesses in America have added more than 200,000 jobs each month for 12 straight months. That's the first time that's happened in nearly 40 years," he said.

"Our unemployment rate has fallen from a peak of 10 percent in 2009 to 5.5 percent today. After a decade of outsourcing, we're starting to bring good jobs back to America. Over the last five years, manufacturers have added jobs at a rate not seen since the 1980s.

"In fact, the manufacturing sector is actually growing faster than the rest of the economy. And last week, I announced nearly U.S.D 500 million in new public and private investment in strengthening American manufacturing," he said.

"And even though the United States is already home to more foreign direct investment than any other country in the world, we've worked hard to address some of the challenges that held U.S. back for too long," said the U.S. President.

For companies considering new investment here, Obama said the United States of America is the best place in the world to do business.

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