Denmark

Ease of Doing Business in

Denmark

This page summarizes Doing Business 2013 data for Denmark. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region OECD high income
Income Category High income
Population 5,574,000
GNI Per Capita (US$) 60,390
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
5 5 0

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
84.7 84.6 down 0.1
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 33 30 up -3
Dealing with Construction Permits 8 8 No change
Getting Electricity 14 14 No change
Registering Property 6 10 up 4
Getting Credit 23 23 No change
Protecting Investors 32 29 up -3
Paying Taxes 13 14 up 1
Trading Across Borders 4 6 up 2
Enforcing Contracts 34 33 up -1
Resolving Insolvency 10 9 up -1

Economy Profile

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2013 Rank 33 DB 2012 Rank 30 Change in Rank down-3
DB 2013 DTF** (% points) 92.4 DB 2012 DTF** (% points) 92.4 Improvement in DTF** (% points) 0.0
YearNew business densityNumber of new limited liability companies
2011 4.5516,559
Indicator Denmark OECD high income OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
4 -- 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
6 -- 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
0.2 -- 4.5

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
24.2 -- 13.3
No. Procedure Time to Complete Associated Costs
1 Obtain a NemID signature 1 day no charge
2 Deposit startup capital at a bank 1 day no charge
3 Register the company with the Danish Business Authority (DBA) Webreg system 1 day (20 minutes) for company registration, 3 days for tax registration DKK 670 (online registration) and DKK 2,150 (paper registration)
4 Register employees with workmen's insurance 1 day no charge

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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