World Bank: Denmark easiest country for business in Europe
03 November 2015 - Business conditions
Denmark moves into the top 3 in the Ease of Doing Business Index by the World Bank – and holds on to its ranking as the easiest place in Europe to do business, for the fifth year in a row.
For the second year in a row, Denmark takes a step up in the World Bank's Doing Business ranking. Last year, Denmark stepped up from number five to number four. This year, in the Ease of Doing Business Index 2016, the country takes another step up to number three in the global ease of doing business ranking.
Easiest place for business in Europe
Denmark holds on to its ranking as the number one easiest place in Europe to do business in the 2016 ranking.
“The World Bank ranking confirms that Denmark offers one of the world’s most dynamic and attractive business environments. Greater Copenhagen offers innovative companies and industry clusters, a highly skilled workforce, very competitive taxes and business costs, and a famously flexible labour market”, says Claus Lønborg, CEO, Copenhagen Capacity who assists foreign investors, businesses and talent in setting up and growing their business in Greater Copenhagen.
Online efficiency and ease trading across borders
The report stresses the importance of online procedures for efficient business administration. In Denmark, almost all investigated transactions can be conducted online, making the country one of the frontrunners.
Denmark moreover takes the first place in the category ‘Trading across borders’.
About the World Bank’s Doing Business report
Doing Business 2016 is the 13th in a series of annual reports, benchmarking the regulations that affect private sector firms, in particular small and medium-size enterprises. The report presents quantitative indicators on 11 areas of business regulation for 189 economies. Ten of these areas are included in this year’s ranking:
Click here to download the report.
- Starting a business
- Registering property
- Trading across borders
- Getting credit
- Dealing with construction permits
- Getting electricity
- Protecting minority investors
- Paying taxes
- Enforcing contracts
- Resolving insolvency.