Renowned World Economic Forum’s”Enabling Trade Index” ranks Denmark as 3rd best country for doing business in the world.
The trade index measures to what extent economies have developed institutions, policies, and services facilitating the free flow of goods over borders and to destination.
The report concludes:
“The best-ranked of the Nordics boasts a highly efficient border administration, a well-developed infrastructure, and a business environment that is highly conducive to trade. Denmark is at the forefront when it comes to ICT infrastructure. By the same token, its quality of transport infrastructure is world-class. Also among Denmark’s strengths is the quality of its business environment 4th.
Minster for Trade and Investment Pia Olsen Dyhr says:
– It is positive that Denmark is again ranked in the global top three as one of the most attractive countries for doing business and conducting trade. We are the best ranked European country. This ranking is among other things a result of our great infrastructure. Both in regard to ICT and internet distribution, but also our general transportation infrastructure, which are obviously important framework conditions for a competitive investment and trade destination.”
– World Economic Forum is impressed by our border and customs administration which is among the most efficient worldwide. The Danish government actively works to make Denmark even more open for business, for instance by making work permits and visa regulations more flexible, establishing one-stop shops for businesses and their foreign staff, and opening more international schools.“
Denmark as the perfect hub
Copenhagen Airport is the main hub to the Nordic and Baltic countries and the high-quality highway system means swift and easy access to all markets in the Northern European region. Since the opening of the Great Belt Bridge in 1998 and the Øresund Bridge between Denmark and Sweden in 2000, Denmark has been the natural and most efficient gateway to Northern Europe, Scandinavia, and the Baltic area. Moreover, with 75 percent of its exports being shipped by sea, it is no surprise that Denmark has developed a comprehensive port system.
Innovative, highly competent and motivated workforce
The Danish workforce is among the most motivated in the world, with a high degree of employee satisfaction7. Danish employees distinguish themselves by being highly educated, efficient and responsible. Thus, ‘self-managing teams’ are very common within Danish business and industry: a typical team does all its own planning to achieve targets, with minimal intervention from management. Danish employees are also known for being healthily self-critical, with a willing¬ness to learn and a commitment to making improvements – in both production and performance. Denmark also has a strong tradition of collaboration between univer¬sities and private-sector companies, which co-operate on research that often culminates in innovative, prize-winning products.
Danes are known for their informal, easy-going and independent outlook. On international happi-ness indices, Danes are consistently ranked ‘the happiest people in the world’ among all of the OECD countries15 – this is due in part to a well-established welfare system that is available to all citizens and many foreign residents.
Within a few weeks of arriving in Denmark, non-EU citizens who fulfil the necessary requirements are issued their residence and work permits; they can then open a Danish bank account and obtain a Danish civil registration code; this gives them access to welfare services, including medical care and education. Foreign employees working in Denmark are also eligible for several attractive tax schemes, with income tax as low as 26% per year
Source : World Economic Forum and Invest in Denmark
Do you want to know more why Denmark is an attractive location to do business, watch this video interview : InvestinDenmark
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