In our Nordic Desk, we have combined our advisory services for the Scandinavian and Baltic business. This allows us to support Scandinavian and Baltic companies individually and in a target-oriented manner with specialist knowledge. And also German clients who are already engaged in business in these countries, or who wish to expand their activities to these countries, can benefit from this know-how.
The Scandinavian countries are characterised by above-average economic growth and future-oriented industries. Both the commodity-based industries and the energy sector have always been very strong in Scandinavia. Sectors focussing on know-how, such as medical technology, chemicals, machine engineering and automotive, are another factor contributing to the strength of the Scandinavian economy. The advanced digitisation and a user-friendly legal environment offer good investment opportunities for companies.
The Baltic states, too, provide German companies and investors with numerous opportunities to expand their business. Since the financial crisis, the GDP growth rate of the three Baltic states has by far exceeded the European average growth rate. The many reforms carried out in recent years, the various types of tax relief granted and the expansion of the infrastructure have resulted in the Baltic states becoming increasingly more attractive to investors and start-ups. In particular in the areas of IT/technology and infrastructure, the Baltic states offer interesting opportunities. Not only German investors but also and in particular Scandinavian companies have identified this potential, which is why the latter are among the most important investors in the Baltic states.
The attractiveness for German companies of the economic and legal environment prevailing in the Nordic countries is also shown by the World Bank’s Report (2018). The Baltic and Scandinavian countries have for years been ranked among the best places internationally with regard to both the ease of doing business and the ease of starting a business.
Our Nordic Desk specialises in advising on international business activities in the Scandinavian and Baltic region. The team helps our German clients find appropriate law firms in the relevant countries and, working closely with local lawyers, advises our clients on their business activities and projects. The colleagues on our Nordic Desk team are familiar with the specific legal, economic, political and cultural situation in the respective countries. They can draw on many years of experience and an excellent network and, therefore, can ensure that clients obtain the best possible advice. Our good relations with law firms and companies in Scandinavia and the Baltic states allow an intense exchange of expert knowledge and smooth collaboration, which benefits our clients.
In addition to the above, we advise Baltic and Scandinavian companies on their business activities and investments in Germany. This includes providing project management services and assistance with their market entry, but also advising on all other issues that may arise when doing business in Germany. As our team is familiar with the business practices and the legal particularities in the individual countries, we can provide the best possible support to clients who wish to enter the German market.
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