TMF Group in association with ACCA looks at the big
issues facing companies planning to set up or expand into the
business-friendly landscape of Scandinavia
The Scandinavian nations of
Sweden,
Denmark,
Finland and
Norway are magnets for international businesses. They are
prosperous – Sweden and Norway ran 22nd and 25th,
respectively, in the world in terms of GDP – with a solid
regulatory environment, highly skilled workforce, widespread use of
English as a business language, and a keen desire to attract
foreign companies.
All four nations, as Gösta Lidén, managing director of
TMF Group's operations in Sweden, Finland and Denmark points
out, are relatively small economies that are very dependent on
international trade, in terms of both export and import of goods
and services. 'There is strong reliance on international
companies, which often establish a local presence,' he says.
'They are encouraged to set up businesses and are supported by
chambers of
