What makes Denmark the best country for your business?

Financial Times has recently awarded Copenhagen in the category "most future-oriented region". According to Financial Times, the Capital Region of Copenhagen is the best of Europe's smaller regions and Copenhagen Capacity has the best strategy on how to promote the capital in the future.

223 cities from 142 regions of Europe were included in the analysis, each of which was measured on the parameters: economic potential, business friendliness, level of costs, investment promotion strategy, quality of life and infrastructure. Besides the above mentioned award, Copenhagen was also given top-five rankings in the categories quality of life and business friendliness.

In addition the World Bank has looked closely into the Danish system of regulation of business and says Denmark is on the very top - no unnecessary bureaucracy or red tape when companies are doing business in Denmark. In the report from the World Bank Denmark is highlighted as an international front runner who has managed to reduce administrative burdens on businesses significantly.

Denmark is the fifth best country in the world at innovation, moving up from an eighth place.

That is the result of this year's Global Innovation Index, which has been compiled by the international business school Insead in Fontainebleau, south of Paris. Denmark has been ranked number five among 132 surveyed countries. Denmark’s high score was particularly due to the ability to acquire others' inventions and further develop them.

The authors of the report say that the Danish model is based on adaptability, which allows for a small country to compete with big countries like USA and China. Furthermore, Insead gives Denmark points for being a modern market economy that is in possession of a highly developed technological agriculture and which has a modern and highly developed industry, including both small and large companies.

Denmark leads on competitiveness

Denmark remains in the forefront when it comes to competitiveness and production of world class goods and services. The new study, which has been prepared by the World Economic Forum (WEF), appoints Denmark as one of the countries with the best competitiveness among the 27 EU countries.
Reasons include being in the forefront in terms of innovation and new technology. Furthermore, Denmark is praised for investing in research and development and for having a close cooperation between universities and the private industry, turning research into an invoice faster than anywhere else. The Nordic countries are also among the places on the planet which bring home most patents for new products per capita.

The great labour market flexibility where it is easy to hire and fire employees, a low unemployment rate and high labour market participation rates, especially among women, are also praised. So is the education system and the ongoing job training, which many more employees receive in the Nordic countries compared to elsewhere.

To read more about Copenhagen’s competitiveness and strong business platform please visti copcap.com