Copenhagen is best city for business in Western Europe
16 October 2017
Copenhagen is ranked the number one city to conduct business in among 40 Western European cities in the Explore Report 2017. Copenhagen receives praise for its excellent labour profile and quality of life.
Copenhagen, known as “the happiest place on Earth”, is ranked number one both internationally and regionally within Western Europe in the recent Explore Report 2017 by Hickey & Associates.
Ease of doing business
Copenhagen’s strength is its business climate where conducting business is uncomplicated and corporate income taxes are low. Major industries include sciences, retail, telecommunications, and financial services.
The city invests a lot in education, making it one of the most educated labour forces in Western Europe. A high percentage of the population is educated at the University level. However, wages and per capita income are some of the highest in Western Europe.
Copenhagen is Northern Europe’s transport hub
Though other Western European cities maintain higher quality infrastructure, Copenhagen is the transportation hub of Northern Europe, linking major cities and countries to one another via rail and a well-maintained network of highways.
Excellent quality of life
Quality of life in Copenhagen is very high and residents enjoy reasonably good weather, low crime, and high disposable income. The excellent socio-political environment is supported by sound policy and stability. Poverty and personal income taxes are low, while investment in healthcare and education is funded at generous but sustainable levels.
- Quality of life – excellent
- Labour profile – excellent
- Business climate – good
- Socio-political – good
- Infrastructure – average
About the report
The locations in the Explore Report 2017 represent 469 cities with populations of at least 500,000 in 2015. While not every country is represented, a healthy cross section of global cities is carefully examined to determine their suitability in the global economy.
Top 10 cities for business in Western Europe
- Copenhagen, Denmark
- London, United Kingdom
- Berlin, Germany
- Paris, France
- Munich, Germany
- Stuttgart, Germany
- Amsterdam, Netherlands
- Frankfurt, Germany
- Birmingham, United Kingdom
- Marseilles, France