There is more to our happiness
Maybe you will find that our way of doing business in Greater Copenhagen is the way for your company too!
Explore the endless possibilities for FinTech companies in Greater Copenhagen.
World's best region for attracting talent
Today Greater Copenhagen offers a highly skilled, capable and diverse workforce, while at the same time investing in the talents of tomorrow.
A central part of what makes Greater Copenhagen one of the world’s easiest regions for business is its workforce. Apart from well-developed language skills, high education levels and its sheer ambition, what sets the region’s workforce apart is its prioritisation of talent. In fact, Denmark ranks first when it comes to investing in and developing talent according to IMD’s World Competitiveness Rankings.
Finally, relatively generous welfare schemes and flexible labour policies guarantee companies an unparalleled ease of scaling their business, while at the same time providing the talented work force with security.
Want to do business in Greater Copenhagen? Contact us
Want to do business in Greater Copenhagen?
We support foreign companies, investors and talent in getting the best possible start for success in Greater Copenhagen - from initial considerations to final establishment. Our services are entirely free-of-charge and confidential to all foreign-owned companies who want to establish or invest in Greater Copenhagen.
Business Development Manager
Phone: 0045 21 84 74 44
DK-1165 Copenhagen K
Phone: 0045 33 22 02 22
We offer you a free Virtual Membership, where international start-ups can receive free membership, free access to the member events, a free desk and connection to Lab-residents when you visit CPH, amongst other offers.
The logistics hub of Scandinavia
With a well-developed infrastructure and an effective airport, Greater Copenhagen is the logistics hub of Scandinavia.
Copenhagen Airport is the largest airport in Northern Europe with 166 routes and direct flights to 31 cargo destinations. The airport has been voted Europe’s best airport five times in the last ten years.
Furthermore, harbours, bridges and an integrated railway system facilitate the easy supply of goods and services to Nordic markets, and the competent supply chain professionals in the area have been ranked number 1 in the world in Logistics Management by IMD.
Finally, Greater Copenhagen has Scandinavia’s highest population density and provides fast and easy access to 100 million consumers.
Europe’s Easiest Country for Business Denmark remains the easiest place for doing business
Europe’s Easiest Country for Business
World Bank: Denmark Once Again Best European Country for Business in 2017.
For the sixth year in a row Denmark is ranked the easiest place in Europe to do business. Globally, only New Zealand and Singapore are ahead of Denmark in the World Bank’s ‘Ease of Doing Business Index’, which presents quantitative indicators on 11 areas of business regulation for 189 economies.
The Danish Minister for Foreign Affairs, Kristian Jensen, says:
“It is important for our ability to attract foreign investments that Denmark is one of the world’s best places to start and run a business. We will take advantage of the excellent ranking to make even more international companies aware of Denmark as an attractive place for doing business. I am also pleased to see that Denmark is the best country in the world to use as a base for international trade.”
Placing your fintech company in Greater Copenhagen will give you access to a great number of benefits that will support your success. Three of the most important ones are:
1. Great environment
In the recent report ‘Passport to the Future’, the UK’s Emerging Payments Association analysed alternatives to London to find the best locations for fintech companies after Brexit. Greater Copenhagen was listed as one of the six shortlisted areas and is ranked highest on the 2017 ‘Doing Business’ world rankings.
2. Great people
Being European leaders in creativity* is attractive to talents all over the world, and maybe that is why, according to Insead’s Global Talent Competitiveness Index, Greater Copenhagen has also succeeded in establishing itself as the world’s best region for attracting talent.
3. Great locations
Fintech companies can make themselves at home and become part of the Greater Copenhagen fintech environment through one of the newly established co-working spaces Copenhagen Fintech Lab, located in central Copenhagen or The Camp, which is located west of the city centre. Both co-working centres work closely with the established financial services sector.
A happy Brit in Greater Copenhagen Meet the CEO and co-founder of COCOA Invest
A happy Brit in Greater Copenhagen
Omar Shaikh is the CEO and co-founder of an online investment service company called COCOA Invest. Omar is British, and he used to work in the financial district of London but moved to Greater Copenhagen in 2013 together with his Danish wife. Asked what he thinks of Greater Copenhagen’s potential as a fintech city, he says:
“Denmark makes a fantastic market when developing a Fintech company. Danes are naturally open to new technology – in fact, I have all confidence that this will be the first cashless society – but at the same time, they are rightfully hard to impress. If you have the right formula to work in Denmark, I believe it will work almost anywhere.”
Mr. Omar Shaikh is the CEO and co-founder of COCOA Invest, a Fintech Digital Wealth Manager based in Greater Copenhagen. The company focuses on developing artificial intelligence technology and applies this to investment products run by COCOA.
Originally from the UK and educated in Edinburgh, Omar gained a track record over 15 years in Asset and Wealth Management for companies such as Schroders and a leading hedge fund company. In 2016 Omar was voted onto the board of Copenhagen FinTech to help drive the development of the industry across the Nordics. Additionally, he sits on the roundtable of leading Nordic Fintech companies and stakeholders including the Danish FSA (Financial Regulator) and the Central Bank. He is frequently requested to provide views on financial regulatory law and to consult government departments on the Fintech industry. Omar has the honour of being appointed as a GlobalScot trade & investment ambassador by the Scottish Government.
Regulatory sandbox for fintech
The regulatory sandbox is expected to attract more foreign start-ups and fintech talents to the already thriving fintech scene in Greater Copenhagen
Denmark is launching a regulatory sandbox for fintech businesses – the first Nordic country to do so. The fintech sandbox allows fintech start-ups that have not yet acquired a license, to operate and test ideas and solutions in a safe environment. This enables the startups to obtain valuable information and experience about the strengths and weaknesses of their solutions before applying for a costly license.
The fintech scene in Greater Copenhagen is already developing rapidly, turning the area into an upcoming hub in Scandinavia and Northern Europe. However, the regulatory sandbox is regarded by many as an important initiative to further boosting development and attracting more foreign companies and fintech developers, and people who may eventually choose a career as fintech entrepreneurs.
The Danish regulatory sandbox is expected to be launched in 2017.
A highly digitised society
The ones and zeros are integrated parts of life in Greater Copenhagen. Digitisation is the rule rather than an exception in the region.
It’s in the water, you might say. A well-developed and functional physical infrastructure has for centuries made the people of Greater Copenhagen grow accustomed to exceptional conditions. Perhaps that is why they have refused to settle when it comes to digital infrastructure as well.
Greater Copenhagen has been ranked as one of the five most digital cities in Europe. The region is at the forefront of implementing digital services in the public and the private sector, which means all kinds of applications, data transfers and licences run smoothly and effectively.
A fintech working culture Meet Sergio and Ricardo working at Tradeshift
Happy people - Happy business A happy workforce is a productive workforce
Happy people - Happy business
A happy workforce is a productive workforce. The employees in Greater Copenhagen are satisfied with their working conditions and their productiveness reflects this.
The OECD has announced that Greater Copenhagen has the world’s healthiest work-life balance. And in the latest annual Global Workforce Happiness Index, the residents of Greater Copenhagen were in the top five.
But being content does not mean lacking ambition. Not in Greater Copenhagen at least, where productivity is up. In fact, Greater Copenhagen is in the world’s top 20 when it comes to GDP per capita according to the International Monetary Fund.
And according to World Economic Forum, the Greater Copenhagen workforce is among the 10 most independent and creative in the world.