World Bank: Denmark easiest country for business in Europe
26 October 2016
For the sixth year in a row, Denmark ranks number one in Europe on the Ease of Doing Business Index by the World Bank.
The World Bank ranks Denmark number one in Europe and number three in the world in the just released 2017 Ease of Doing Business Index, ranking 190 nations worldwide.
It is the sixth time in a row, Denmark takes the top spot among the European countries. Worldwide, Denmark ranks number three, outperforming its Nordic fellow countries; Norway (no. 6), Sweden (no. 9) and Finland (no. 13).
“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.
Easy trading across borders and flexible labour market regulation
Denmark scores top on the Trading Across Borders indicator, ranking time and cost to export and import. The country also performs very well on Dealing with Construction Permits (no. 6), Paying Taxes including ease of administrative burdens (no. 7), Resolving Insolvency (no. 8) and Registering Property (no. 12). Denmark’s flexible labour market regulation with a non-regulated approach to fixed-term contracts and no restrictions on overtime work.
Europe’s 10 easiest countries for business
- Denmark (no. 3 globally)
- Norway (no. 6 globally)
- United Kingdom (no. 7 globally)
- Sweden (no. 9 globally)
- Macedonia (no. 10 globally)
- Finland (no. 13 globally)
- Germany (no. 17 globally)
- Ireland (no. 18 globally)
- Austria (no. 19 globally)
- Iceland (no. 20 globally)
About the Doing Business 2017
Doing Business 2017 is the 14th 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 190 economies. Ten of these areas are included in this year’s ranking:
- 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.
See the full report here
How can we help you?
If you want to know more about business opportunities in Greater Copenhagen, please contact Investment Promotion Director, Marianna Lubanski, via email email@example.com or phone: 0045 30 46 36 40.