World Bank’s annual Doing Business report ranks Denmark as the easiest country to do business in for the fourth time in a row.
Denmark has succeeded with its business regulation. According to the World Bank report, it is easier to do business in countries with business regulations rather than in countries with no such regulations.
The main reason for this impressive ranking is that the Danish government has made it easier to establish a business by reducing the paid-in minimum capital requirement.
Furthermore, the World Bank ranks Denmark in the top 5 percent in 7 out of 10 categories: construction permits, getting electricity, registering property, protecting minority investors, paying taxes, trading across borders and resolving insolvency.
Danish regulation not only supports businesses, it also improves year by year. Last year, Denmark ranked number five globally in the Doing
Business report by the World Bank, this year Denmark ranked number four.
What does Denmark have to offer?
Denmark is a Member State of the European Union and, therefore, has more than 100 million consumers within the European borders. The Danish system allows you to focus on the essential, that is, your business, instead of red tape and bureaucracy.
The business environment is highly flexible and business communication is polite. In Denmark it is possible to establish a company within a day.
Management, including members of executive boards, boards of directors or supervisory boards, are not subject to any residency requirements. These factors are some of the key points in the Danish system.
About the report
Since 2005, the World Bank’s annual Doing Business report has measured business regulation as a central element of a good investment climate, resulting in the Ease of Doing Business Index. It is based on the input from more than 9,000 local experts comparing business regulation in 189 economies in the world.