Greater Copenhagen: Most business-friendly city of Scandinavia
20% cheaper than Stockholm
Costs of operating a business are lower in Copenhagen
Copenhagen is 15-20% cheaper than Stockholm in terms of total costs of operating a Scandinavian headquarters or a shared services centre for IT, HR, R&D, supply chain, finance or customer support*.
- Total employment costs are significantly lower in Denmark than in Sweden. In Denmark, employer-paid social security contributions are less than 1% of salary – in Sweden it is 30%.
- Office rental prices per square metre in Copenhagen are 50% lower than in Stockholm.
*fDi Benchmark, Financial Times Ltd., 2016.
People and talent
Denmark offers the best business conditions in the Nordics in terms of availability of skilled, ambitious and motivated employees as well as the most flexible labour market in the EU.
- No. 1 most talent competitive country in the world – INSEAD 2017.
- No. 1 in the EU for flexible labour market regulations – IMD 2016.
- No. 1 in the world for worker motivation – IMD 2016.
- No. 6 in the world for readily-available skilled labour – IMD 2016.
Regional headquarters in Copenhagen: low costs and high quality
Easy to hire and fire
Hiring and firing can happen almost from one day to the next, owing to the Danish “flexicurity” model – a unique blend of a flexible labour market, generous social security and an active labour market policy.
Denmark’s flexicurity labour market model makes it easy to hire and fire employees.
Scandinavia’s lowest total employment costs
Denmark offers the world’s lowest social contribution costs. Employers pay less than one percent (maximum 1,350 Euro) per employee per year in social contributions.
Additional employer costs include social security contributions, pension schemes, healthcare insurance and holiday pay, and are measured as percentage of salary.