Entrepreneurship Opportunities in Denmark
Denmark, a Nordic country in Europe, has been rated as the best place to do business 2017 by Business Today magazine. This has made the country a popular destination for entrepreneurs and business owners all across the world.
If you’re an aspiring entrepreneur trying to figure out where to locate your business, you might want to take a hard look at Denmark. With its easy-to-navigate business environment, abundance of skilled workers and healthy market, it’s an attractive option in the region.
Why Denmark is a Great Place to do Business
In many ways, Denmark is a model nation when it comes to how a country’s government can foster an environment conducive to business growth. Here are some of the biggest benefits businesses may gain by operating in Denmark.
Low Corporate Tax Rate
Denmark company owners pay a very low corporate tax rate of 22% (lower than the 25% average throughout Europe), with no taxes imposed on their reinvested profits. This means that you’ll be able to keep more of your earnings for investment and other business-related expenses.
Access to Highly Skilled Workers
Denmark’s education system is well-renowned, producing some of the highest-skilled employees in the world. Business owners enjoy access to an immense pool of workers, many of whom have entered the labour market with advanced degrees in business, law or engineering. The availability of creative, well-educated employees allows Denmark-based companies to benefit from large, diverse talent pools that open up vast new opportunities for growth.
Flexible Labour Laws
Denmark allows business owners great flexibility when it comes to hiring and firing decisions. Companies can hire for short-term contract work and can easily let employees go after the contract is over. This helps businesses control costs, encourages the development of new skills, and allows the company to quickly respond to changing market demands.
Business Opportunities Galore
Denmark is ripe with opportunities to pursue new ventures. It has a generous economic climate, a Prime Minister who’s willing to listen to business proposals, and an abundance of venture capital. There are a wide range of established industries as well, such as finance, tourism and IT, which provide many openings for new businesses.
Frequently Asked Questions
What are the benefits of doing business in Denmark?
The main benefits of doing business in Denmark include access to a highly skilled workforce, a low corporate tax rate and flexible labour laws.
How stable is the business climate in Denmark?
The business climate in Denmark is very stable compared to other European countries. Its economy is highly integrated into the global economy and its legal system is reliable and transparent.
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