1: A vibrant business community
With 212,000 citizens in the greater municipal area, nearly 25.000 students at Aalborg University, and world leading institutions in ICT, life sciences, renewable energy, transport, and intelligent logistics, Aalborg is a highly attractive city in which to invest, work, and live. Key facts:
- 10,000 companies in a wide range of sectors
- 1,000 new companies registrated each year
- 107,000 private and public sector jobs
2: Location, location, location
Aalborg is ideally located for access to Scandinavia and the rest of the European Union. Situated in North Denmark, the city boasts an international airport and port and is located on the E45 motorway network. Aalborg is also your gateway to Greenland through its port.
Aalborg is close to the Scandinavian cities of Oslo and Gothenburg, a 35-minute flight away from Copenhagen (30 daily connections), and an hour's flight from Amsterdam (6 daily connections).
Learn more about Aalborg International Airport
3: So easy to do business in Aalborg
- Denmark is Europe's easiest place to do business, according to the World Bank Doing Business Report 2014.
- Denmark boasts the lowest corporate tax rate in Scandinavia at 25% (to be reduced to 22% in 2016). This is also below the EU average.
- Denmark offers an extremely flexible labour market.
- English is the Danes' second language. Their proficiency in English ranks at the top in comparison to other European countries.
Learn more about why Denmark is an ideal business hub
Compare Denmarks' competitiveness to other Scandinavian and European countries when it comes to bribery, labour regulations, productivity, motivation, etc.
See how Denmark ranks in the IMD yearbook for World Competitiveness
4: Competitive operating and living expenses
When selecting the optimal location for your business, Aalborg offers competitive wage levels, rent, building taxes, district heating, and electricity expenses. In addition, the cost of living in Aalborg is lower than in other large cities in Denmark:
Wage levels and cost of living
- The average wage per hour is 22% lower in Aalborg than in Copenhagen (EUR 32 in Aalborg versus EUR 39 in Copenhagen).
- 30% higher cost of living in Copenhagen than in Aalborg (consumer prices, including rent).
- Renting office space in Copenhagen costs about 53% more than it does in Aalborg (EUR 114 per square meter per year in Aalborg versus EUR 174 in Copenhagen).
- Heating is up to 86% more expensive in Copenhagen than in Aalborg.
- Electricity costs about 25% less in Aalborg than in Copenhagen.
- Building taxes are 5.35 per mile in Aalborg, while they amount to 9.80 per mile in Copenhagen.
5: Hot spots in North Denmark
In North Denmark there are many business opportunities in the sectors of ICT, life sciences, district heating, wind power, transport, intelligent logistics, and sustainability. Our strong tradition for partnerships among businesses, research institutions and local authorities means leads to significant knowledge and experience sharing, which benefits all players.
For international businesses and investors, these partnerships provide access to cutting-edge research, strong networks, and business opportunities as well as a plethora of highly qualified employees.
Learn more about business opportunities in North Denmark
6: Access to cutting-edge research - Aalborg University
Aalborg University boasts innovative and internationally focused research, particularly in the areas of ICT, renewable energy, life sciences and intelligent logistics.
- 21,000 full-time and part-time Danish students
- 2,600 international students
- 1,100 PhD students
- 2,900 researchers
- No. 334 in the QS ranking (the most recognized world university ranking; takes into account 17,000 universities around the world)
- No. 41 in the QS ranking of universities less than 50 years old
Learn more about Aalborg University
7: Access to qualified staff
When setting up your business in Aalborg, you get access to the creative, highly qualified, and motivated talent pool in North Denmark:
- Multi-lingual - most Danes master English, German, and one or more other Scandinavian languages
- More than 25,000 students at Aalborg University and University College Nordjylland
- 22% of residents between the ages of 25 and 34 have a Master degree
- 21% of those between 25 and 34 have a Bachelor degree
8: Home sweet home
- Aalborg is the third largest city in Denmark and offers its residents vast cultural, shopping, and leisure opportunities
- The pedestrian zone in central Aalborg offers shoppers more than 400 places to shop and eat.
- Several parks and recreational areas close to the city centre
- Housing options and neighbourhoods that appeal to different needs and tastes
- Competitive accommodation prices, especially compared to Copenhagen and Aarhus
- Young and vibrant environment with more than 25,000 students
- Located close to the sea (North Sea and Kattegat), the Limfjord, and the second largest forest (Rold Forest) in Denmark, Aalborg is surrounded by plentiful and beautiful nature.
9: The happiest people in Europe
The happiest people in Europe live in Aalborg, according to a recent EU report. Residents of 79 European cities were asked to rate their satisfaction with a number of aspects of their lives and quality of services in their respective city, such as education, health care, public transportation, administration, and law enforcement. The people of Aalborg reported the highest rate of overall satisfaction with their lives - 99%!
10: Free business services
BusinessAalborg is your one-stop contact with the city of Aalborg. Our main purpose is to make it easy to start and develop a business here. We connect international businesses with opportunities in Aalborg and provides the following services free of charge:
- Professional advice and insight
- Qualification of your business case
- Network and business contacts
Learn more about our free services