Why do business in denmark

Business Doing business in Denmark. Denmark is a free-market capitalist economy with a strong social welfare safety net for its citizens. Facebook LinkedIn Twitter. A pro-business environment in a social welfare state While Denmark's strong social welfare network is famous all over the world, the country is also an excellent place to do business. Denmark offers a pool of talented professionals who speak English well.

The labour market is flexible, making it easy to hire and fire employees, and there is less litigation than in some other developed countries. Meanwhile, the business infrastructure is top-class, with reliable supplies of electricity and water and a well-developed financial system. Doing Business in Denmark Why is doing business there so unique? Play video. With 86 million customers in over countries, Cigna Global has unrivalled experience in dealing with varied and unique medical situations and delivering high standards of service wherever you live in the world.

Get a quote from Cigna Global. Sirelo has a network of more than international removal companies that can move your furniture and possessions to your new home. This service is free of charge and will help you select an international moving company that suits your needs and budget. Get your free no-obligation quotes now! Breadcrumb Home Europe Denmark. Doing Business in Denmark. Expat Health Insurance Quotes. Fast facts Business hours The business week typically runs from Monday to Friday from 8am or 9am to 4pm or 5pm.

Business language Danish is the official language, although English is widely spoken and understood in business circles. Gender equality Gender equality is important in Danish culture and women have equal work opportunities and equal salaries. Hierarchy Most Danish businesses are characterised by a relatively flat structure and relations between different levels within an organisation are usually informal.

Personal relationships Danes prefer to get down to business immediately, leaving little time for small talk in meetings. Further reading. Expat Health Insurance. International Removals. When doing business in a foreign country it is advantageous to have some knowledge about the language abilities and computer competency of your counterparts.

This may prove to be particularly useful in the preparation stage of negotiations as it may help to decide whether it is safe to rely on a host speaking your language or whether it is necessary to travel with an interpreter. Competence in computer technology and electronic communication may significantly increase the pace of the business negotiations. These tips should help you integrate with the business culture in Denmark!

The Danes are a peaceful and rather unassertive nation. They possess a satirical and self-deprecating sense of humor. To many Danes, humor is tinged with a great deal of irony.

Whilst foreigners often have a hard time understanding this, it is nevertheless an important part of Danish humor. This is key to understanding their mentality. Danes have a deep-rooted respect for democracy and equality and are extremely tolerant. The society has a successful, well-organized social structure, a sound economy, a high level of education, and an acceptance of gender equality and sexual orientation.

Informality is typical in business life. There are no strict hierarchies between employees and management and it is common for employees to address their boss by his or her first name.

Manners between colleagues are informal and relaxed. Suits are required very rarely. Wealth and high social position are played down in public as regards dress, jewelry, and housing. Discussion and argument are central in Danish upbringing, in both social contexts and at home.

Negotiations and team work are highly prized in Danish working life and democratic processes and structures are central to the Danish mentality. A EU Commission reported that one out of five Danish employees, changed their job in A high degree of job mobility indicates that the labour market is healthy and flexible. This flexibility however, is due partly to the fact that it is rather easy to make people redundant in Denmark and partly to an efficient and active labour market policy.

The Danish workforce is among the most productive in Europe. No restrictions apply regarding overtime work, allowing companies to operate 24 hours a day, days a year. Danes are considered to be tolerant and so what is classed as undesirable behavior is usually something that violates the codes of tolerance. For example, the use of sexist or racist humor is considered very rude. Modesty in conversation and behaviour is also respected. The Danes tend to dislike materialism and displays of individual achievement.

Business Culture in Denmark Looking to work in Denmark or visiting the beautiful Nordic country for a business engagement? The Danish Economy Historically, Denmark is an agricultural country, but for many years now the production structure has been changing. The Danish Weather When it comes to the Danish weather, summer is not too hot while the winters remain relatively mild. General education The excellent reputation of the Danish labour force can to a large extent be ascribed to the traditional awareness in Denmark of the importance of education.

Skills and Infrastructure Computer literacy in Denmark is good.