The World Bank’s Doing Business Report 2014 ranks Denmark’s business climate as the best in Europe1 because doing business in Denmark has proven to be fast, efficient and profitable. The country also offers highly skilled employees, a famously flexible labour market and a stable business environment.
According to the World Bank, Denmark is one of the easiest places in the world to do business2. A company can be established online in just 24 hours – and some of the world’s most flexible hiring and firing rules allow for a reduction in the costs related to scaling business operations up or down. So, by choosing Denmark, companies are able to minimise both long-term and short-term risks.
A recent study by leadership advisory firm Heidrick & Struggles rated Denmark first in the world in terms of the quality of its labour force3. The Danish public sector has long been respected for its quality, service-mindedness and positive approach to doing business. Corruption and bribery in the public sector are virtually unknown, which has continually secured Denmark a top ranking on the International Transparency Index4.
Due to its generally stable political and legal system, combined with its strong public finances, Denmark is among the nations best prepared to handle international economic crises. In fact, Denmark remains one of the most stable economies in the EU, as proven by its “AAA” ratings from the global credit-analysis agencies Moody’s and Standard & Poor’s5.
But there is much more to Denmark than just transparency and stability…
”We think Denmark is a good country for our operations. People are highly qualified, and Danish employment rules make it easy to hire when business is good and make adjustments when it’s not – people are used to it. The flexible labour market makes Denmark a very attractive country to operate in. But the main reason for our presence here is the talent pool that we see in Denmark.” 6
– Lars Renström, president and CEO of Alfa Laval