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Asean & Global Updates
POSTED | 11:42 AM | 29-10-2014

Denmark best place in Europe to do business

Denmark has once again been voted the best place to do business in Europe by the World Bank's Doing Business Index for 2015.

Globally, the Danes finished fourth, which is the nation’s best placing since the index was first launched in 2005.

Singapore topped the index, followed by New Zealand and Hong Kong, while South Korea, Norway, the US, the UK, Finland and Australia rounded up the top ten. Eritrea, Libya and the Central African Republic were ranked bottom of the list.

Denmark was ranked 12th overall when the index made its debut in 2005 before jumping up to fifth for three straight years from 2012-2014.

Among the reasons for the latest step-up is the government's decision in 1 January 2014 to reduce the capital amount needed to start liability companies from 80,000 to 50,000 kroner.

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