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Denmark ranks among top countries to launch a startup

Christian Wenande
February 23rd, 2023


This article is more than 1 year old.

Business Name Generator rated 50 countries on its 2023 Global Startup Index and the Danes came in the top 10

Costs are low for setting up a startup, but wages will be high (photo: Pixabay)

When it comes to launching a startup, Denmark ranks among the best countries in the world to do so.

According to the newly-published Global Startup Index, compiled by Business Name Generator (BNG), Denmark ranked ninth overall.

Denmark’s high position is partly down to business start-up procedures costing just 0.2 percent of gross national income (GNI) per capita, along with the country’s high happiness score.

Meanwhile, high wages for staff seem to be among the principal detractors – Denmark’s mean monthly salary was the highest out of any countries in the top 10.

“Employing staff could prove to be costly for startup founders, with Danes typically earning 5,900 US dollars per month on average,” wrote BNG.

“Despite this, business owners can expect a happy workforce as the people of Denmark score second only to Finland for happiness (7.6).”

READ ALSO: Denmark’s startup ecosystem making headway

Quite vanilla in Manila
Denmark’s cost of living was also the highest among the countries in the top 10, while its quality of life score was second to only the Netherlands.

Other metrics considered in compiling the index included population, GDP per capita, economic growth and business taxes.

Topping the index was the Czech Republic, followed by Finland, Sweden, Estonia and Slovakia. The UK, Austria, the Netherlands, Denmark and Portugal completed the top 10.

The most challenging countries in which to launch a startup was the Philippines, preceded by Egypt, India, South Korea and Vietnam.

Check out more information related to the index here.


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Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

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At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”