Why Scottish LP are Still A Good Investment Option for Foreign Investor? In the last few months, things have certainly not been working in the favor of Scottish LPs. Scottish LPs have attracted a lot of media attention of late but all for the wrong reasons. The increasing level of money laundering activities that have […]
Cyprus offshore company liquidation. Things You Need to Know About Cyprus Offshore Company Liquidation Due to the instabilityof global markets, several offshore companies are forced to apply for liquidation or become insolvent. Also, keep in mind that the related liquidation procedures may be time-consuming and challenging. In such cases, knowing about the different ways of […]
How To Set Up An Offshore Company In The UK? If a businessman is planning to establish a new business in other country or is looking forward to relocating or expanding the existing business in a foreign country, it is a huge decision to make. One of the main reasons to set up an offshore […]
Register for VAT in UK. UK VAT For Overseas Companies Value added tax (VAT) is a form of sales tax that is applicable to majority of the services and goods in the United Kingdom, and to the goods that get imported from outside the European Union (EU). Ever since the introduction of rules and regulations […]
Page 9. “Denmark Company Liquidation” INSOLVENCY A limited company and other legal entities can be declared bankrupt, or may enter into solvent liquidation. Upon completion of the bankruptcy proceedings or liquidation, the legal entity ceases to exist. To avoid bankruptcy, a company may seek an arrangement with its creditors. Restructuring A limited company or any […]
Page 8. “Profit and Tax in Denmark” Corporate taxation Unlimited tax liability A corporation is resident in Denmark for tax purposes if it is incorporated in Denmark and registered in the Companies Register as having a Danish place of business. Further, foreign companies having their actual place of management in Denmark are also tax resident […]
Page 7. “Danish Business Environment” BUSINESS ENVIRONMENT When doing business in Denmark, you would be subject to general business regulations, such as the Sales of Goods Act, the Contracts Act, the Competition Act and the Data Protection Act. This chapter summarises the general principles of these statutes. Principles of contract law Danish law would not […]
Page 6. “Intellectual Property in Denmark” INTELLECTUAL PROPERTY The system for the protection of intellectual property rights is well-developed in Denmark. Business names, trademarks, inventions and designs can be protected against competitors by registration. The intellectual property rights mentioned above may often be licensed, however, there are no specific laws governing licensing. Denmark is a […]
Page 5. “Property and Environment in Denmark” PROPERTY AND ENVIRONMENT Land and property can be either leased or owned according to Danish law. The statutes applicable to leases and purchases of land and property are generally made to protect respectively the lessee or the purchaser of land and property. The operations of a business may […]
Page 4. “Denmark Employment” Denmark Employment The terms of an employment contract in Denmark will be governed by law, collective bargaining agreements and individually negotiated agreements. Some mandatory provisions are made to protect employees and to regulate e.g. working hours, holidays, dismissals, unfair dismissals and dispute resolution. You may consider the appointment of an agent, distributor […]
