Start a company in Denmark

The Kingdom of Denmark is situated in the north of Europe, occupying the Jutland Peninsula and over 400 small islands, and is a prosperous, onshore jurisdiction. Developed economic sectors include agriculture, food processing, engineering, oil and gas extraction and transportation. Up-and-coming niches include IT, construction. Danish companies are active in trade with Europe.

Taxes in the jurisdiction can hardly be called low, but in some cases zero tax rate may be applied (holdings, dividends from subsidiaries abroad, income from the sale of shares in a foreign firm).

Official language

Danish

Legal forms of companies

• open joint stock company – A/S;
• closed joint stock company – ApS;
• IVS closed limited company (startup);
• general partnership – I/S;
• limited partnership – K/S;
• branch of a foreign company.

Capital

Copenhagen

Major cities

Aarhus, Odense, Aalborg

Form of government

Constitutional Monarchy

Legal system

Scandinavian

Currency

Danish krone

Registration fee

What's included

1. Consultations on company registration, taxation, choice of name, legal form.
2. The procedure for identifying the beneficiary – Due Diligence.
3. Preparing documents.
4. Pay the registration fee.
5. Digital signature for opening a bank account.
6. Registering a company in Denmark
7. Obtaining a license, permission to conduct – if necessary.
8. Translation and apostille of documents.

Documents required from the beneficiary

1. Identity cards of the head, shareholders.
2. Statement from the founder.
3. Charter
4. Minutes of the founders' meeting.

Documents provided after registration

1. Charter
2. Certificate of company registration.
3. Apostille page.

Working algorithm

1. We conduct consultations in person or by phone.
2. Let's organize the procedure for identifying the beneficiary.
3. We are engaged in assigning a CVR number.
4. We provide assistance in choosing a unique name.
5. Preparing the documents required for registration.
6. We pay the registration fee, if necessary, we obtain a license.
7. Registering a company.
8. We are engaged in apostilization of documents.

Jurisdiction Benefits

1. According to the Doing Business rating in 2019, the country ranked 1st in the world in international trade, 3rd – Ease of Doing Business, 9th – on taxes; according to Numbeo research, the state ranks 1st on the planet in terms of living standards.
2. Political, economic, social stability.
3. Currency stability
4. Developed banking sector.
5. Flexible taxation system.
6. No currency control.
7. Reliability, the absence of a state in the world and Ukrainian "black" and «gray» lists.

Disadvantages of jurisdiction

1. Openness of information about beneficiaries.
2. Annual filing of accounting and financial statements is required.
3. Audit required.

List of banks in jurisdiction

1. Danske Bank.
2. Bank Nordic.
3. Juske Bank.
4. Nordea Bank Danmark.
5. Danske Andelkassers Bank.

Company requirements

1. A unique name.
2. Minimum 1 director, founder and 1 shareholder – for ApS, IVS, shareholders – EU residents, at least 3 founders – for A/S.
3. Authorized capital: IVS – from 1 crown, ApS – 125 thousand, A/S – 500 thousand crowns
4. Registration of a legal address in Denmark, a local office is required.

Corporate law

Danish Contract Acts

Tax Information Agreements

The ICAA Convention entered into force for Denmark in 1995, protocol – in 2011 Bilateral agreements on automatic exchange of tax information signed with 72 jurisdictions.