established their regional headquarters in Copenhagen, for example, Microsoft. Maersk, the world's largest container shipping company, has their world headquarters in Copenhagen. A substantial number of Danish pharmaceuticals such as Novo Nordisk, Ferring Pharmaceuticals and Bavarian Nordic also operate in the area, having placed their headquarters in or close to Copenhagen.
Copenhagen has some of the highest gross wages in the world. High taxes mean that wages are reduced after mandatory deduction. A beneficial researcher scheme with low taxation of foreign specialists has made Denmark an attractive location for foreign labour to settle. Copenhagen is however also among the most expensive cities in Europe
