Companies looking for a smooth way to set up their new business should choose Denmark as their destination.
The World Bank ranks Denmark as the easiest place in Europe to do business in their newly released ‘Doing Business 2012’ index, which is the ninth in a series of annual reports benchmarking the regulations that enhance business activities and those that constrain it.
Denmark consistently ranks very high on the World Bank’s “Doing Business” index that through inputs of a network of more than 9,000 local experts compares business regulation in 183 economies in the world, and this year only Singapore, Hong Kong, New Zealand and the US are ahead of Denmark.
Director of Invest in Denmark, Ministry of Foreign Affairs of Denmark, Merete Juhl, comments:
“Today’s ranking of Denmark by the World Bank yet again supports the fact that Denmark has one of the most efficient and dynamic business environments in the world. Companies can benefit from an easy plug ‘n play registration and be ready to do business within a few hours. Our public government services are transparent and efficient, which makes Denmark a stable base for foreign companies.”
“Apart from the ease of setting up and running a business, Denmark offers one of the world’s most flexible labor markets. Our labor market enables companies to quickly reorganize their business and respond to new opportunities or challenges. In today’s business environment, with high uncertainty and volatility, the businesses located in Denmark are in a very good position to adapt and succeed,” says Merete Juhl.
World Bank report builds on in-depth research
No less than 11 areas of business life are covered in the World Bank report on the ease of doing business. The report looks into how easy it is to start a business, deal with constructions permits, paying taxes and employing workers, among other things. This year Denmark were among the top ten in categories such as dealing with construction permits, trading across borders and resolving insolvency.
Read the full report here.
Denmark in the top ten of
Global Competitiveness Report
It is far from the first time that Denmark gets excellent ratings on prestigious international ranking lists.
In September, Denmark moved up in a new Global Competitiveness Report. The World Economic Forum ranked Denmark in the top ten of the most competitive economies in the world and highlighted its labour market flexibility. Denmark continued to receive first-rate assessment for its higher education and training system, which, according to the report, had provided the Danish workforce with the skills needed to reach high levels of technological adoption and innovation.
Read more about establishing a business in Denmark