Export To Denmark - Company Formation & Company Registration In Denmark

Introduction to Incorporating in Denmark

Denmark's liberal approach to life in general is mirrored in its attitude to companies coming in from abroad. The business climate is benign, notwithstanding high labour costs. Opening a company in Denmark is straightforward, thanks to a streamlined regulatory regime and more than 2,500 foreign companies already operate in the capital, Copenhagen. Denmark has double-taxation treaties with more than 80 countries. If you are considering company formation in Denmark please contact us, for more information on how we can help you to open a company in Denmark.

Danish Company Types

There are two main kinds of Denmark incorporation:

• public limited company - Aktieselskab (A/S)
• private limited company - Anpartsselskab (ApS)

Capital requirements to establish an A/S company

The minimum share capital for an A/S is €67,000.

Other requirements for an A/S company

• three directors required who must be citizens in the EU
• company must also employ at least one manager who must be an EU citizen
• audited annual accounts required
• a local serviced office is advisable, click here for details

Share Capital required to establish a ApS Company

The minimum share capital for an ApS is €10,000.

Other requirements for an ApS Company

• audited annual accounts required, using a registered auditor
• neither directors nor managers need be domiciled in Denmark
• a local serviced office is advisable, click here for details

Other types of Danish Incorporation

• European public limited company (SE) - minimum share capital €120,000 - subject to national company law but possible to change the nationality of the company without liquidation and re-formation
• European Economic Interest Grouping (EEIG) - a cross-border partnership comprising partners from European countries - no capital required, no requirements for separate financial accounts, partners taxed individually
• Joint venture, often established in the corporate form of an A/S or ApS
• Sole trader, no capital requirements - must submit financial reports to the tax authorities - these reports need not be audited

Staff Recruitment in Denmark

The Danish labour force is highly skilled and well educated. Unemployment is currently running at around 6%. Salary levels are high by EU standards but are in line with those elsewhere in the Nordic region. Recruitment can be achieved in consultation with the government employment offices or through the services of the various commercial employment agencies that exist. If you are considering Danish Incorporation, we can help you with recruitment.

Regulations regarding Danish Company Incorporation

Denmark has a liberal business climate and this is reflected in the regulatory environment. In general there are no restrictions on investments and capital and earnings can be freely repatriated. Price and exchange controls concern inter company charges and affairs in the transfer-pricing system. The corporate rate of tax is 28%, much lower than personal taxation - although expatriates may qualify for a much-reduced personal tax rate of 25%. For more information about effective tax planning for those seeking company registration in Denmark, please get in touch.

Danish Financial Incentives for Business Formation

Full banking services are available which offer a complete range of commercial banking facilities, including those related to acquisitions and the raising of capital. Foreign investors considering company formation Denmark are treated on an equal footing with domestic investors as far as financing is concerned. Read more about how we can help you to open a bank account in Denmark.

More Information

To find out more about how Export To Denmark can help your business, please call us on +44 (0) 870 879 5309
or e-mail us at info@exporttodenmark.com