For the second year in a row, Forbes Magazine ranks Denmark no. 1 in their global league table “Best Countries for Business”. Forbes has been publishing the Best Country list for a decade, and Denmark has ranked first in six of the 10 annual editions.

Transparent and efficient business regulation
Forbes concludes that despite the praised welfare system, Denmark is very much a market-based economy with a great business climate. Denmark ranks in the top 20 in all but one of the 11 metrics used to measure the Best Countries for Business. Denmark excels in the categories freedom and low corruption, and the regulatory climate is one of the world’s most transparent and efficient.

Flexible labour market and productive workforce
One of the keys to Denmark’s pro-business climate is the flexible labour market known as “flexicurity”, where companies can easily hire and fire workers while out-of-work adults receive unemployment benefits. The Danish workforce is among the most productive in Europe and no restrictions apply regarding overtime work, allowing companies to operate 24 hours a day, 365 days a year.

About Forbes’ Best Countries for Business
The Best Countries for Business are determined 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 is equally weighted. The data comes from reports from recognised organisations: Freedom House, Heritage Foundation, Property Rights Alliance, Transparency International, World Bank Group and World Economic Forum.

See the full list: www.forbes.com   

Forbes Best Countries for Business 2015– top ten countries:

1. Denmark
2. New Zealand
3. Norway
4. Ireland
5. Sweden
6. Finland
7. Canada
8. Singapore
9. Netherlands
10. United Kingdom

Source: www.investindk.com
Photo: Niclas Jessen/VisitDenmark.com