8. Brazil:

Brazil is the world’s eighth largest economy. Having attractive GDP growth of 7.5 percent encourages good foreign investment. Despite of these qualities the companies have to face numerous barriers to get in. they have the tax burdens at the peak when compared to any major economy. The companies here spend 2,600 hours in filling the tax forms. The World Bank estimated the total tax rate paid by the companies is more than 67 percent which is 20 percent more than other South American nation. The high GDP of the nation brings foreign investment worth $48.4 billion. The biggest pain to establish a business in the nation is getting a construction permit. It takes maximum of 470 days for carrying out 17 procedures to acquire a permit. The 2014 FIFA World Cup and 2016 will be happening in Brazil but the building of stadiums and airport terminals has been holdup in the middle because of government corruptions.