An attractive business environment

In Denmark, companies can rely on stability of the Danish economy and benefit from the high quality of the Danish business environment. Sound macroeconomic policies and a dedicated policy of reducing barriers for business establishments and market entry have been applied in Denmark, which have resulted in an open and stable economy.

According to the World Bank, the level of regulations posed on start-ups in Denmark is minimal and provides for some of the easiest, fastest and cheapest start-up procedures. In addition, according to IMD, the Danish labour market model is among the most flexible models in the world (se table and figure below).

In most cases, working conditions can be negotiated on a company level in accordance with each company’s specific needs. Compared to the other European countries, there are very few restrictions to procedural requirements with regard to dismissals severance pay and compensation. In addition, regulation of maximum weekly working hours and overtime is less rigid in Denmark.

Starting a business

5

0

Source: The World Bank, Doing Business in 2006, 2005

Flexibility of labour market regulation, 2004

(hiring/firing practices, minimum wages etc.)

Note: Index based on survey, 0=inflexible / 10=flexible
Source: IMD, World Competitive Yearbook 2003/2004

Last updated on: 03-01-2006	<< Back   Top