Once again, the research and news provider Forbes has checked and listed the business friendliness and environment of the world’s biggest economies. Denmark ranks on top for a second straight year and sixth time overall.
Forbes . com ranked the Best Countries for Business by grading 144 nations on 11 different factors: property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance.
Each category was equally weighted. We only included countries with data across at least eight categories. Denmark ranked among the top 20 countries in 10 of the 11 categories measured.
- We used the World Bank’s Doing Business report to grade countries’ taxes, investor protection and red tape/bureaucracy. Qatar and United Arab Emirates finished tied for first on taxes with Bolivia at the bottom of the 144 countries in our final rank. New Zealand was tops for investor protection and red tape with Libya (protection) and Haiti (red tape) finishing last in the respective categories.
- The Heritage Foundation’s Index of Economic Freedom provided the basis for our ratings on trade freedom and monetary freedom. Singapore, Hong Kong and Switzerland tied on top for trade freedom with Iran ranked last.
- Denmark and New Zealand ranked best for monetary freedom and Venezuela was last. Personal freedom ratings came from Freedom House’s Freedom in the World report, which deemed more than two dozen nations to be the “most free” and Saudi Arabia to have the lowest rating.
- Ratings on technology and innovation came compliments of the World Economic Forum’s annual Global Competitiveness Report.
- Luxembourg and Switzerland were the leaders in technology and innovation, respectively, with Chad and Mauritania bringing up the rear in those categories. The corruption rankings were culled from Transparency International’s widely followed Corruption Perceptions Index with Denmark on top and Libya ranked last.
- We used the Property Rights Alliance’s International Property Rights Index to gauge property rights, which was led by Finland. Myanmar placed last on property rights. Rankings for stock market performance were pulled from Bloomberg and based on the 12-month returns through Dec. 9 for the leading stock index for countries with major equity markets.
- Venezuela had the best performance up 358%, while Greece’s stock market was down 38%. The CIA’s World Fact book was used for economic data and country profiles.
Other information about doing Business in Denmark
- Denmark is overall no. 1 in Digital Administration implying that both the population and the companies does 100% digital administration for all matters
- The Biotech, Pharmaceutical and Medical industries of Denmark also ranks as the highest worldwide if you compare to the population. Research and Science in general is no. 2 and 3 in the world.
- If you wish to settle down in Denmark, both privately or to create an Office in Denmark, we can help you with some of the best consultant to help you with that.
- Tax is flat 20% for companies, but Danish Holding companies offers a tax-free transfer of money to Denmark from all EU countries.
- Also for the second time in 2 years Denmark has the world record in Wind Energy production, which means that Denmark had more than 42% of the total energy production covered by Windmills.
- Denmark has many TOP10 placement and are the winner of many titles such as “the happiest people on earth”
- Denmark has a TOP5 listing in the recruiting and innovation business ability in the last 10 years