With a location in Europe where both Western and Eastern Europe are easily accessible and being the largest economy in Europe, Germany is seen by many, as a preferred global business location. The fact that three of the top ten European business cities are German illustrates this even more1.
Apart from its transparent and reliable legal system, Germany is well known for its logistics network and was rated second in the world for overall quality of infrastructure2.
Looking more closely, you can see why:
• Hamburg is the third largest container port of Europe in 20103
• The largest logistics provider in the world is Deutsche Post World Net (DPWN)
• It has the most kilometres of rail network in Europe and is second when it comes to kilometres of freeways and divided highways4
• It has the most competitive telecommunication prices of Europe4
Besides that, the quality of life in Germany is considered very highly by expats, who rate it as the third best country to be in5. Germany is seen to have distinct advantages in areas such as commuting to work, household goods, transport, utilities and healthcare.
The most problematic factors for doing business in Germany2 are considered to be:
• Restrictive labour regulations
• Tax regulations
• Inefficient government bureaucracy
1 European City Monitor, Cushman & Wakefield, 2011
2 Global Competitiveness Report 2011-2012 (World Economic Forum)
3 World Container Traffic Data, 2012
4 Eurostat, 2010
5 Expat Explorer Survey, HSBC Bank International, 2009