Nordic countries offer the easiest environments for talent relocation, but the United Arab Emirates (UAE) offers the best growth potential for businesses, according to international professional services consultancy Procorre. 

Procorre research ranks Norway top of a list of 11 global employment hotspots as offering good prospects for both businesses and international workers, followed by Sweden then Denmark.

In the UAE, GDP is forecast to grow 4.5% next year, far above any European country in the study and therefore offering the best growth potential for businesses.

In a statement sent exclusively to Recruiter, Procorre contracts & HR manager Wiktor Podgorski said: “Knowing which countries not only offer the best business prospects but the most straightforward systems for employing overseas workers to fill skills gaps and get critical projects off the ground quickly, is critical.”

The study took into account three key factors: administrative hurdles involved in moving staff internationally; legal issues such as barriers to operating and immigration requirements; and the scale of opportunity for businesses and individuals based on GDP, salary levels and unemployment. 

Podgorski said the Nordics were top employment hotspots due to a combination of legal and political stability, relatively efficient bureaucracies, low unemployment, high pay across all sectors and comfortable levels of projected GDP growth in the coming year.

“The region is also known for its multilingualism, with strong standards of English ensuring that language ability is unlikely to be an issue for most EU citizens with proficiency in English.”

Norway took the top spot because of its substantial oil industry offering a wide scope of business opportunities but that position could be threatened should oil prices remain low.

Podgorski continued to say high levels of investment in infrastructure in the UAE, such as the 1,200km Etihad Rail railway line and expansion of the Al Maktoum International Airport, were “creating the right climate to support new businesses and new jobs across a range of sectors”.

The full list of 11 countries were:

• Norway

• Sweden

• Denmark

• Germany

• France

• Belgium

• Finland

• Italy

• Nigeria

• UAE

• Russia

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