Why Is Denmark an attractive business destination?

Among the Scandinavian states, Denmark stands out as the most reliable economy. Furthermore, this attribute can be extended at the European level, as Denmark is one of the most economically stable countries in the EU and in Europe. Even if these may be sufficient reasons for starting a business here, there are other advantages that are worth exploring, as described in the following lines.

Great business environment and culture

If there is anything Denmark is commended for in global prestigious rankings, it is its business environment. The country is a model for:

low bureaucracy;
tax transparency;
support for companies;
ease of doing business.

When it comes to the ease of doing business, the registration process for any legal entity is simple and effective, and investors can get company formation assistance from this team of Danish agentsto complete the few steps that enable them to start operating quickly. BridgeWest Denmark can also offer guidance in choosing a business form that suits the specific activities of an investor to benefit the most from what the Danish system has to offer.

Low business maintenance costs

Doing business costs, no matter the part of the world where a company operates. It would be expected the same in Denmark, except that the government understood the impact these costs have on businesses, and as such, it has implemented some of the lowest social security contributions in Europe.

Denmark has one of the most talented workforces in the world

Denmark has one of the greatest talent pools in the world. Some of the characteristics of the Danish workforce are:

its education, with more 90% of the employees having secondary education;
language proficiency, Denmark ranking 3^rd in the world in terms of English language knowledge, especially since this is the official business language here.

Denmark also has flexible employment regulations, which enable employers and workers to contribute to a productive environment.

Renowned for its impeccable infrastructure

When talking about infrastructure in Denmark, it is not only about the transportation system, as this country offers:

digital connectivity;
great geographical location through which companies can access the European and Nordic markets;
utilities that derive mainly from green energy.

Moreover, Denmark is one of the most advanced countries in the world when it comes to the cleantech industry, as it also hosts some of the largest companies in this sector at a global level.

Innovation at its finest

It could be said that innovation is at home in Denmark, as research and development is one of the most important sectors of its economy. This industry is helpful not only for businesses that operate it, but for the entire business environment, as all companies can benefit from innovation, starting with the pharmaceutical and biotechnology, and up to the food and hospitality industries.

Great quality of life

A country is not appealing only because of the low taxes and the possibility of doing business in an advantageous way. As many investors choose to handle their businesses themselves, having a good quality of life also matters nowadays. From this perspective, Denmark offers some of the best living conditions in Europe and in the world, as for several years in a row, Copenhagen was designated the best city in the world to live in. Moreover, obtaining a work and residence permit in this country is easier compared to other neighbouring countries.

In conclusion, Denmark is one of the best countries to do business in Europe and in the world. Apart from the easy company registration procedure, it also offers great infrastructure, access to talented human resources, and a great quality of life to top it all. These characteristics contribute to making Denmark one of the most appealing investment destinations on the Old Continent.

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