For the ninth consecutive year, Denmark is the easiest place in Europe to do business according to the new 'Doing Business 2020' report published by the World Bank. Denmark's overall score has improved compared to 2019.
Once again, Denmark ranks among the absolute top in the World Bank’s ‘Ease of doing Business’ report. Although Denmark drops one position to number four in the world, only surpassed by New Zealand, Singapore and Hong Kong, Denmark’s overall score has improved and Denmark maintains its leading position in Europe for the ninth consecutive year.
The World Bank highlights that Denmark has made dealing with construction permits cheaper by eliminating fees for building permits. Moreover, Denmark receives a top score for trading across borders, which measures the time and cost to import and export.
I am pleased the World Bank report once again confirms that Denmark offers a very business friendly environment, and that our overall score continues to improve. The efficiency and service-mindedness of the public sector in Denmark means that issues like obtaining construction permits, registering property, paying taxes and trading across borders, allow companies investing in Denmark to save time and resources and to concentrate on their business objectives. We know that ease of doing business is a top priority for the companies already investing in Denmark.
Maria Nilaus Tarp, Director Invest in Denmark
Invest in Denmark’s survey of companies investing in Denmark in 2018 shows that the ease of doing business together with a high quality of life, quality infrastructure and access to innovative environments are among the highest rated factors in terms investor satisfaction.
Click to view the economy profile for Denmark in the 'Doing Business 2020' report.
The World Bank’s annual ‘Doing Business’ report measures the regulations that enhance business activity and those that constrain within 10 different areas.
The 10 areas include starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.
