Denmark's unique geographical position in relation to the Baltic States and the other up- and coming EU members is sparking increased interest from foreign investors and overseas companies looking for a European base. Denmark stands at the north European crossroads joining the Anglo-Saxon world with the Baltic, and the European continent with the Nordic countries, providing strategic access to a market that will soon gain an extra 105 million consumers. |
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Hub Denmark Situated just 7 kilometers from Central Copenhagen, Kastrup Airport is the most cost efficient airport in Northern Europe, with a 1-2-3 cargo handling strategy and a round-the-clock customs service geared to accelerating business and trade. Its efficiency is illustrated by the high number of shipments (92%) customs cleared en route. Kastrup also operates as the International hub for SAS and the Nordic/Eastern hub for DHL. Denmark is made for mobility, with an excellent multi-modal transport and distribution system, and daily truck connections to more than 900 European cities. A recent benchmark study by Andersen Business Location Services in Brussels identified Denmark's geographically central "Triangle Region" as the ideal location for a Northern European distribution hub, in a comparison that included competing centres in Sweden and Poland. Among the Triangle Region's key competitive features were its optimal operating environment for distribution, abundance of low-cost land, high quality infrastructure and flexible human resources.
Quality Denmark Denmark has a characteristically well-educated population with a high proportion of university graduates, thus providing an excellent labour pool with a wide range of skills. In Denmark considerable emphasis is placed on having career-long access to further education, one of the reasons why Danish businesses can maintain their competitiveness at a high level. Living in a small yet highly trade-conscious country, Danes have always acknowledged the importance of learning foreign languages. English, German, and French are taught in primary school, and English is the working language of many international companies located in Denmark. Among the younger generations especially, it is common to be skilled in several European languages.
Cost effective Denmark Although Denmark does have relatively high levels of income tax, it is important for investors to appreciate that this is counterbalanced by a low, and in a European context, attractive rate of corporate tax at just 30%. Because welfare is financed from the public purse, employer's social security contributions are among Europe's lowest, a mere 1.23%. Denmark offers a number of important tax incentives to foreign businesses which compare well with other European countries. These include particularly favourable tax rules for expatriates, for whom the income tax rate is only 25% (scientists, management and researchers) during the first 3 years of their stay.
Digital Denmark Denmark's strength in the IT industry is based on the Danes' ability to make technology and content blend seamlessly together. Combined with a talent for staying ahead with cutting edge technologies, this enables Danish communities and businesses to successfully navigate the networked New Economy. In today's world Denmark stands out as one of the most advanced centres for telecommunication activities, with an internationally recognised, leading edge wireless cluster centred in and around the university city of Aalborg in northern Jutland. Denmark's world class reputation for software development, particularly in Bluetooth technology and e-learning applications, has been secured through extensive co-operation between the wireless industry, telecommunication operators and universities – and a very deregulated and dynamic telecommunication marketplace. This makes Denmark an ideal location for capitalising on the vast future opportunities in wireless communication.
Enterprising Denmark In life sciences especially, the creation of the Øresund region has consolidated Denmark's already leading reputation. Spanning both sides of the Øresund fixed link, one of the strongest life science clusters in Europe has been established, now commonly known as "Medicon Valley". It represents a unique growth environment which, besides having 60% of the Scandinavian pharmaceutical industry, is rapidly attracting growing number of biotech companies including world leaders such as Genmab and Biogen. Further examples of Denmark's leading edge competencies in life sciences can be seen in the development of bioinformatics, nanotechnology, biologicals production and proteomics. In the latter case especially, a world renowned research and development cluster has formed around the university city of Odense on Funen. With a long tradition of R&D leadership, a fine reputation for clinical trials and an ideal biologicals production environment, Denmark is well placed for business operations in a biotechnological age.
Invest in Denmark About the Company |
Published: Wednesday, February 5, 2003
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