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A Closer Look

Pay Days

Selling to other countries is especially rewarding when you actually get paid. However, depending on where you're exporting to, how quickly you receive payment can vary wildly. If you ship a pallet of cookies to Italy, don't hold your breath waiting for a check. Send the same to Finland, and you can usually expect payment in less than a month.

Curious to know how long it will take to get paid? According to the annual European Business Survey by Chicago-based consulting firms Grant Thornton International and Business Strategies Ltd., you can guesstimate based on the following chart:

Average number of days it takes to get paid:

Finland: 24

Denmark: 35

Sweden: 37

Germany: 38

Austria: 43

Netherlands: 46

Switzerland: 50

United Kingdom: 50

Belgium: 52

Luxembourg: 56

Ireland: 59

Portugal :61

France: 64

Spain: 73

Malta: 76

Greece: 77

Italy: 84

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This article was originally published in the November 1996 print edition of Entrepreneur with the headline: A Closer Look.

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