Company registration Denmark
The Kingdom of Denmark is a Nordic country characterized by gorgeous architecture, renewable energy, and delicious food. Denmark has a stable economy that’s heavily dependent on foreign investment and the service industry. This gives the Danish government enough incentive to cut down on bureaucracy in favor of a free, modern market.
The country’s unique position between Western and Northern Europe, as well as its endless coastline, is another reason to invest in Denmark. The country has state-of-the-art infrastructure and unique import and export possibilities, making it a viable investment opportunity for foreign business owners.
Denmark has an abundance of natural resources, including gas, oil, iron, and steel. Much like the rest of Scandinavia, it promotes green, renewable energy, and sustainable living. Among the country’s leading sectors are pharmaceuticals, electronics, and information technology.
The last factor to consider is Denmark’s high standard of living and its highly-educated and skilled workforce that has been labeled one of the most flexible in the world.
With CompyCo, you can tap into the profitable economy of Denmark and set up your company there in no time! We will also stay in direct contact with you in a long run!
Forms Of Companies In Denmark
- ApS “Anpartsselskab”—A Private Limited Liability Company
- A/S “Aktieselskab”—A Public Limited Liability Company
- I/S, K/S “Interessentskab”, “Kommanditselskab”— General Partnership, Limited Partnership
- Branch/Representative office
ApS – Limited liability company registration cost Denmark
PACKAGE:
- Company registration
- Tax registration
- VAT registration
- Online bank account
- Registered office address for 1 year
TOTAL: 1700 EUR ex. VAT
This is the full price for setting up a company in Denmark for non-high-risk business and for 1 person in the structure.
Other additional costs that you may expect can be only courier delivery of the documents.
For all other cases, if you wish to find out the exact process, requirements, and fees for your specific case, complete this simple online form and we’ll send you an offer within 24 h.
What is the difference between ApS. and A/S companies in Denmark?
When setting up a company in Denmark, most foreign investors opt for one of the limited company types—ApS and A/S.
CompyCo will help you to determine the right location based on your business and its unique needs. Though some documents can be in English, most of the registration documents have to be in Danish, Swedish, or Norwegian. The required share capital for ApS is 40,000 DKK but it can also include assets of financial value – an auditor statement about this must be documented.
An A/S must have at least 400,000 DNK of share capital and a minimum of 25% of this amount needs to be deposited in the bank account. Payments can be done in cash or another assets value in which case an auditor statement must be documented. This form of company can trade on the stock market. Most big and mid-sized businesses opt for this type of company. A/S has to have a minimum of 3 persons in the Board of Directors and an Executive Board with 1 person, the CEO.
Every company in Denmark must obtain a CVR number, CompyCo will obtain this for the client. A CVR number is company identification number which is also used as VAT number.
Where ever is possible we will advise to go for online option for setting up a company in Denmark. This is the fastest and the cheapest solution.
Fundamentals Of A Limited Liability Company
Corporate Tax in Denmark | VAT in Denmark |
|---|---|
Starts at 22% | 25% |
Fundamentals of limited liability companies in Denmark
| Limited liability company | ApS |
| Minimum Share capital | 40 000 DKK |
| Registered office required | Yes |
| Physical office required | No |
| Min. number of Shareholders | 1 |
| Min. number of Directors | 1 |
| Local directors required | No |
| Other requirements | No |
| Bank signatory must travel | Only for high street bank account |
| Timescale for company formation | 1 week |
| Timescale for bank account opening | 14 days - high street Bank, 3 days online bank |
| Timescale for obtaining VAT number | 1 week |
| Statutory audit requirements | No |
| Shelf companies available | Yes |
The process of setting up a company in Denmark?
Company registration Denmark can be done in 3 ways: online, physical paper submission, or by purchasing a shelf company. For registration of ApS, CompyCo’s choice is online registration as this is the cheapest, the fastest (it only takes a few days), and a straightforward process. After we register a Danish company with Danish Business Register, we are waiting for tax registration which can take a week or so. The share capital can be paid upon our lawyer’s bank account, which is transferred to your business account in full once you open it. Thus, you don’t need to travel to Denmark to open a bank account prior to the company registration.
Alternative to setting up a company in Denmark is a purchase of the ready-made company will also be advantageous in case you need an older company to prove your business’s reputation on the market as opposed to newly established companies. However, a ready-made shelf company is a comparatively expensive alternative.
Company registration Denmark is a straightforward process if done online and it starts with the name reservation. After we receive your scanned copies of due diligence documentation and our questionnaire completed, we will instruct you on share capital payment and after that’s been received in Denmark, we will have your company documents ready in 2 days.
The last step is the registration of the company with the Tax authorities and for VAT if needed. We will also offer you a local High Street Bank account in which case you will have to travel in Denmark in order to get identified or online bank account that can be opened remotely. In any case, you only have to make a choice, travel or not to form a company in Denmark.
These are general steps in the process of setting up a company in Denmark. However, to be sure that your business activity does not have some special requirements for a company in Denmark, contact us today and get your free consultations. We will quickly determine what is needed in your specific case.
On another note, if you are choosing between a few countries in Europe and you are not sure if starting a business in Denmark is the right choice, have a look at our tips on how to make the right choice, or talk to us today for free.
For many foreign investors looking to break into European markets, setting up a company in Denmark offers a great opportunity. Home to countless international businesses, the country has stable political and business conditions, know is as non-corruptive country, making it the perfect country to tap into.
CompyCo is dedicated to offering cost-effective, custom solutions that are tailor-made to all your business’s needs. We’ve partnered with various businesses to help them set up in Denmark over the years, find the right partners and provide solutions fast when needed.
Enjoy the unique advantage of leveraging our network of professionals in the banking, incorporation, taxation, and HR sectors. We act as your point of contact and provide you the guidance and insight in order for you to focus on your core business and make the right decisions for your business. CompyCo is committed to helping you enjoy the maximum benefits at minimal costs. Every step of the process for company registration Denmark, our full-service solutions ensure you have all the time and freedom to focus on your business’s operations while we handle the logistics.
Bank Account Opening
It’s important to understand the Danish banking system before you set up your bank account. High street Banks may sometimes refuse to open a bank account, that’s why it’s necessary that you increase your approval chances from the very beginning. For a business owner setting up outside your jurisdiction, we have a solution for using online bank in which case we can avoid travel for our clients.
Long-term efficiency and convenience are just some of the reasons why a bank account in the country of your business is essential. All Danish companies are also required to have a NemKonto Account to receive payments from the public sector.
Each bank has its unique requirements. These may be about the type of business activity you’ll engage in or the country you reside in. However, certain general requirements may be the same between different Danish financial institutions. These are:
- Proof of business address for your company
- Your CPR number
- Any identifying documentation, which may include your passport or national identity card
In some cases, you may have the option to open your bank account remotely. In this situation, we’ll consult you in detail about the process. Generally it is not required to have bank account in Denmark for Danish company. Find out more about International banking solutions.
Accounting & Taxation for company in Denmark
Here are a few accounting and taxation obligations to take into consideration:
- Annual financial statements need to be submitted every year to the Danish Business authority
- To declare income, all Danish companies must file Tax returns annually with a Danish Tax Authority
- VAT needs to be filed quarterly
- The audit of the company must be done in case 2 of these 3 requirements are meet:
- The balance is a sum of 4 million DKK
- There’s a turnover of 8 million DKK
- 12 full-time employees work in the company for 1 year.
If these aren’t met, an audit is not mandatory. However, it has to be included in the company’s documents by default. So, at a beginning, we will de-register the auditor from the company’s documents
How can you employ staff in Denmark?
If you’re setting up your company outside your jurisdiction, it can be intimidating to start hiring employees. However, hiring the right people is vital to your business’s success. Employment laws and regulations differ between different countries, that’s why it’s essential to work with an expert who specializes in the field.
CompyCo caters to all your growing business’s recruitments. We meet your HR-service needs by offering unique, custom solutions to you. With our vast network of HR experts in Denmark and our team of experienced professionals, we deal with employment agreements, onboarding new hires, recruiting new talent, ensuring business compliance with local regulations, and offering payroll services.
Non-resident employers can enjoy a quick, hassle-free procedure to hire value-adding Danish employees. We’re here to make that process easier for you so you can start your business operations promptly with your foreign company. If you only need to employ one person to work remotely in Denmark, we can help you avoid setting up a company in Denmark and register you as Foreign employer.
With a highly-skilled, well-educated workforce available to you in Denmark, we oversee all HR applications so you can solely focus on your business’s success.
Have any questions? Take a look at our HR services page for more information about our International HR services!
How to Open a Business in Denmark
How To Open A Business In Denmark – Top Tips For Starting Your Own Business
Denmark is one of the most popular countries in the world to start a business. In fact, it’s ranked as the best country in the world to launch a business by Forbes magazine. Why? Because Denmark has a number of favorable policies in place that make starting a business easier than most other countries. If you’re interested in starting your own business, read on for top tips on how to do so in Denmark. We’ll cover everything from taxation to hiring practices and more. By following these tips, you’ll be well on your way to starting your own successful business.
What is Denmark like as a business destination?
If you’re looking for a stable, business-friendly economy and an excellent infrastructure, Denmark is a great destination to consider. Here are five tips to help you get started:
1. Research the climate and business environment in Denmark before making your move. The country has a temperate climate, but it can be cold in the winter and hot in the summer. It’s also subject to occasional severe weather events, so be prepared for anything.
2. Be prepared to invest time and money in setting up your business here. The Danish government offers a number of support programs, but they require engagement on your part. To get started, contact your local chamber of commerce or consulate for more information.
3. Do your homework before investing in equipment or hiring staff. Danish businesses are typically small, family-owned and operated, so you’ll need to factor that into your plans if you hope to scale up quickly. And remember that costs like electricity and rent are relatively high in Denmark compared to other Western countries.
4. Be aware of local cultural norms when conducting business dealings with Danish nationals. For example, don’t expect them to take kindly to late payments or hasty negotiations – these could lead to negative consequences down the road.
5. Take advantage of Denmark’s strong online presence when marketing your business here – many people now conduct most of their transactions online anyway, so it makes sense for businesses to embrace this trend!
How to open a business in Denmark
There are many things to consider before starting a business in Denmark, but the most important thing is to research the market and understand your target audience. Once you have a good idea of what you want to do, the next step is to find the right location. In Denmark, businesses must have an official business registration number before they can start up, so make sure to get that number before you start anything. There are also many taxes and regulations that businesses must follow, so be sure to consult with a local accountant or tax specialist if you aren’t familiar with these laws. Finally, once you have all of your ducks in a row, it’s time to start selling!
The Danish business environment
Denmark is well-known for its efficient and friendly business environment. Here are some tips on how to get started in the Danish business world:
1. Get a good business plan. A sound business plan will help you map out your targets, outlines your marketing and financial goals, and identifies any risks associated with starting a new venture.
2. Become familiar with the regulations in Denmark. Before starting a business in Denmark, be sure to know all the relevant rules and regulations. This includes things like registering your company with the authorities, complying with tax laws, and ensuring that your products or services are legal.
3. Make friends in the business community. The best way to start networking is by becoming involved in local business organizations and associations. This way you’ll be able to meet other entrepreneurs, learn about upcoming trends, and find support when needed.
4. Create a strong brand identity. In order to stand out from the competition, make sure your brand has a unique identity that can be easily conveyed to customers through your marketing materials (e.g., website, branding).
5. Be prepared for long hours working hard at the office! Starting a business is not easy – it takes dedication and patience plus considerable amounts of hard work!
The importance of branding and marketing in Denmark
In Denmark, branding and marketing are essential to the success of any business. Countries with strong branding and marketing practices tend to have thriving economies, while businesses without a strong presence in these areas often struggle. Here are a few tips for starting your own business in Denmark and building a brand that will be successful:
1. Plan Your Strategy: Before you even start your business, you need to develop a strategy for how you’re going to market and brand your product or service. What are your goals? What do you want people to think of your company when they hear about it? Once you have an idea of what you want, setting specific targets can help make sure that you hit them.
2. Get Organized: Creating a system where all your marketing materials (e.g., website, brochures, social media profiles) are coordinated is key to success. Having everything in one place will help ensure that all your efforts lead toward the same goal and that messages are consistent across all channels.
3. Be Creative: One of the best ways to stand out from the competition is by being creative with your branding and marketing strategies. Think outside the box – there’s no ‘one size fits all’ approach when it comes to creating an effective brand identity for your business!
4. Invest In The Right Tools: While not necessary, investing in quality tools can help make your job as a business owner much easier. From online marketing platforms to email newsletters, having the
Taxation in Denmark
Taxation in Denmark is highly progressive and efficient, making it a desirable place to do business. The corporate tax rate is 25%, while the individual tax rate ranges from 20% to 45%. There are also various other taxes, including value-added and capital gains taxes. The Danish government also imposes a wealth tax on individuals with an annual net worth of over DKK 1 million (USD 226,000). All businesses in Denmark are required to register with the registrar of company affairs, which makes starting and running a business much easier.
Employee benefits in Denmark
Denmark is known for its high-quality employee benefits package which includes paid leave, health care, and a retirement plan. Here are some additional tips to help you start your business in Denmark:
1. Research the available tax deductions and credits that can be used by businesses in Denmark. There are numerous incentives available, so make sure you take advantage of them if possible.
2. Familiarize yourself with the Danish labor laws. This will help you understand what is required of you as a business owner, and also protect your employees rights.
3. Consider hiring a Danish consultant to help you get started in Denmark. They have experience working in the market, and can provide invaluable advice and support during your startup phase.
Conclusion
Starting your own business can be a daunting task, but with the right resources and advice, it’s definitely possible. In this article, we’ve outlined some of the top tips for opening a business in Denmark, including information on taxation and permits required by law. We hope that by providing you with all of this information, we have helped you to make an informed decision about whether or not starting your own business is the right move for you. If you have any additional questions or would like help finding resources related to starting a business in Denmark, don’t hesitate to contact us!