Most Business Friendly Countries in Europe 2017

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Most Business Friendly Countries in Europe 2017

Most Business Friendly Countries in Europe 2017

Novasigma has published an annual BFE-EUROPE (Business Friendliness Environment – Europe) –index for 2017. European economies are ranked from 1-51 based on their business friendliness. The rankings are determined by sorting the aggregate distance to frontier scores on 20 topics each consisting of several indicators, giving equal weight to each topic. The rankings for all countries and economies are bench-marked to January 2017.

Europe TOP 10 – 2017

1. United Kingdom of Great Britain and Northern Ireland (including Common Wealth of Nations) 81 points
2. Republic of Georgia 78 points
3. Germany 77 points
4. Finland 65 points
5. Denmark 64 points
6. Switzerland 63 points
7. Czech Republic 59 points
8. Estonia 58 points
9. Latvia 53 points
10. Macedonia 52 points

Topics of the Analysis (0-5 points, max 100 points):

We analyzed overall business friendly environment and each of the twenty dimensions along two time horizons:

  1. Ease of incorporation process (bureaucracy, costs, time frame)
  2. Privacy level of shareholders and investors
  3. Privacy level of company directors and signatories
  4. Availability of the private equity funding
  5. Availability of the public and / or bank sector financing instruments
  6. Reputation of the country (trading across borders with a company registered in this country)
  7. Easiness of recruiting professional staff (professionalism, average pay, protection against dismissal)
  8. Easiness of getting business premises (price, availability)
  9. Suitability for production of physical products
  10. Suitability for producing services
  11. Size of the home market B2C (population and purchasing power)
  12. Size of the home market B2B and public sector purchasing services from local businesses
  13. Exporting goods (markets nearby, logistics and toll)
  14. Exporting services
  15. Immaterial rights (compared to other countries)
  16. Level of bureaucracy when doing business
  17. Company taxation
  18. Dividend taxation, withholding taxes and tax treaties
  19. Easiness of selling a business
  20. Easiness of closing down a company

Analyzed European Countries

A
Albania
Andorra
Armenia
Austria
Azerbaijan
B
Belarus
Belgium
Bosnia and Herzegovina
Bulgaria
C
Croatia
Cyprus
Czech Republic
D
Denmark
E
Estonia
F
Finland
France
G
Georgia
Germany
Greece
H
Hungary
I
Iceland
Ireland
Italy
K
Kazakhstan
Kosovo
L
Latvia
Liechtenstein
Lithuania
Luxembourg
M
Macedonia
Malta
Moldova
Monaco
Montenegro
N
Netherlands
Norway
P
Poland
Portugal
R
Romania
Russia
S
San Marino
Serbia
Slovakia
Slovenia
Spain
Sweden
Switzerland
T
Turkey
U
Ukraine
United Kingdom (UK)
V
Vatican City (Holy See)

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