With its position as the most Eastern of the Scandinavian countries, Finland is often used as a base for Eastern Europe and Russia and is regarded the second best country in the world to do business in by the Economist Intelligence Unit1 and is placed fourth position overall in the 2011-2012 Global Competitiveness Index2.
Finland is the place to be, especially when it comes to primary education and healthcare and in higher education and training where it is considered the world leader in the Global Competitiveness Report 2011-20122. With a good education system, it is no surprise that Finland also ranks second in Europe and third in the world for innovation2. It further by being also being ranked the world leader regarding property rights and intellectual property protection within an excellent legal framework.
Finland also has a strong position in Information Technology (IT). It is ranked second best in Europe and third in the world3 and is placed in the top three in Europe for the three main criteria: environment (third in Europe), readiness (first in Europe) and usage (second in Europe).
The most problematic factors for doing business in Finland2 are considered to be:
• Tax rates
• Restrictive labour regulations
• Access to Financing
1 Business Environment Ranking (2008-2012) by Economist Intelligence Unit
2 Global Competitiveness Report 2011-2012 (World Economic Forum)
3 Global Information Technology report 2010-2011, World Economic Forum