Useful information for investors who intend to open a business in Denmark.
Danish workforce
Holidays - Generally, a year of work entitles an employee to 5 weeks of holiday. In terms of holiday payments, it all depends on how long the employee has been working for the company; the more experience the employee has, the more he/she deserves.
Minimum wage - In Denmark there is no national minimum wage. However, different sectors set minimum wage rates through collective agreements.
Work hours - An employee will usually work 37 hours on average per week; it is prohibited by law for an individual to work more than 48 hours per week.
Business hours - Business hours are generally from 8/9am to 4/5pm Monday to Friday. Though, many companies close their business early on Fridays.
Business etiquette
The typical business outfit for both men and women, is a suit.
The accepted form of greeting in Denmark is a handshake. You will be expected to shake everyone's hand at the beginning and at the end of a formal business meeting. Make sure to greet women first.
The Danes are very good at analysing information, taking notes and keeping records. Make sure to document all information in written form and be prepared for negotiations.
Personal space is something which is very important for the Danes. Make sure to keep some distance when interacting in Denmark. Especially if you are from a very warm culture in which touching indicates affection.
Before a business meeting it is very important to send an agenda. It is an emphasized mark of protocol in Denmark.
Danish people are very punctual at business and social events; and they expect others to be as punctual as them.
