Key Competitive Attractions
The government of Finland is dedicated to being business-friendly, and enjoys a highly developed communications infrastructure, a skilled workforce, competitive operational costs, and a plethora of incentives and services to ease the expansion or entry of a company within the Finnish economy.
Key Competitive Advantages:
- A business environment with minimal red tape
- One of the world’s least corrupt countries (Transparency International)
- Out of all the Nordic countries, Finland has the biggest turnover from innovation
- Finland is the EU leader for utility patents, and has the world’s third biggest R&D spending per capita
- Easy access to venture capital
- One of the first countries to integrate digital and wireless technologies
- Highly developed scientific, technological and telecommunications infrastructures
- Among the highest internet, broadband and mobile phone penetration in the world
- Efficient business start-up process
- Well-developed roads, railways, and airports
- A comprehensive network of waterways, canals and sea-lanes, facilitating vibrant trade with the EU, Russia and Asia.
- Lowest electricity costs of all Nordic countries
- 24 airports, facilitating freight and passenger traffic.
- Helsinki-Vantaa Airport is of the best international airports in the world (surveys conducted by IATA and ASQ), and provides connections to over 120 destinations worldwide.
- Strategically situated in Northern Europe to reach over 80 million consumers
- Highest concentration of scientists and engineers in the world
- A world-renowned educational system, and among the best-reputed research centres in the world.
- Increase in the number of R&D personnel from 40,000 to almost 80,000 in just 10 years, accounting for 2% of the total labour force - the highest figure among the OECD countries.
- The number of doctoral degrees has doubled in the last decade
- 1/3 of Finland’s working population holds a degree or higher qualification
- The new Aalto University in Helsinki will create exciting possibilities for further multidisciplinary education and research
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