10 Best Countries to Start a Business

4. Denmark

Economic Freedom Index Ranking: 10

Ease of Doing Business Ranking: 4

Corporate Tax Rate Ranking: 13

Average Ranking: 9

Denmark is another Scandinavian country on the list of best countries for business. It has a highly innovative market, and a highly skilled labor force. Moreover, Denmark is one of the least corrupt countries in the world, with a strong rule of law.

Denmark has a low corporate tax rate of 22%, and it is one of the top destinations for foreign capital investments. Copenhagen is also considered the logistics hub for Nordic countries, allowing for shipment of goods to 100 million Nordic consumers within 24 hours, making it the go-to place for shipping businesses in Northern Europe.

The country’s labor force is highly skilled, cost-efficient and flexible, and Denmark’s judicial, regulatory and bureaucratic frameworks are exceedingly friendly to entrepreneurs. For example, the World Bank ranks Denmark as the fourth best country when it comes to obtaining construction permits, the best country for cross-border trade and the sixth best country for resolution of insolvencies.