For the sixth year in a row Denmark is ranked the easiest place in Europe to do business, and globally, only New Zealand and Singapore are ahead of Denmark in the World Bank’s ‘Ease of Doing Business Index’.
The Danish Minister for Foreign Affairs, Kristian Jensen, says: “It is important for our ability to attract foreign investments that Denmark is one of the world’s best places to start and run a business. We will take advantage of the excellent ranking to make even more international companies aware of Denmark as an attractive place for doing business. I am also pleased to see that Denmark is the best country in the world to use as a base for international trade.”
The ‘Doing Business’ report presents quantitative indicators on 11 areas of business regulation for 189 economies. Denmark is ranked as the world’s third best country for business and number one in Europe.
Norway and Sweden among top ten
The top 10 of the ranking is characterised by considerable stability and include, among others, Norway, the United Kingdom, the United States and Sweden. The 11 areas of business regulation include, among others: starting a business, dealing with construction permits, registering property, access to credit, paying taxes and trading across borders. Doing Business 2017 is the 14th in a series of annual reports benchmarking the regulations that affect private sector firms, in particular small and medium-size enterprises. The report presents a valuable tool for companies wishing to identify investment opportunities. Furthermore, the report can help governments and local authorities improve economic framework conditions.