Main Characteristics and the basic rules of Company registration in Denmark
Expanding an existing business to a foreign nation may be a good idea but choosing the right country is also important. If you are unsure about which company to choose as business expansion, try Denmark. This Scandinavian country is preferred by several mid to large sized company owners and there are reasons too. We understand that the process of Denmark Company Formation might overwhelm you but you don’t have to worry as BRIS Group is here to help you in every possible way.
The reason many companies are starting operations in Denmark is the lack of complications involved in the procedure. As a foreigner, you will not have to cope with many restrictions for starting new business in the country either.
The best thing is you can complete the process of setting up a new company in the country using the web and using English is an option too. The taxation law is also not much complicated. As a business owner you can explore various ways to manufacture products. You will need a few weeks to get permit from the govt in this regard.
The govt and administrative operations in the country are mostly free of bureaucracy and corruption. This should be a reason for you to think of Denmark Company Formation. The location of Denmark is ideal if you want to expand the company operations in major countries in Europe.
Whether your company sells FMCG products or manufactures computer peripherals, you will definitely need to hire skilled workforce. The good thing about Denmark is it has easy availability of skilled labor force. The majority of population in the country receives good education.
The transport system in Denmark is among the top ones in Europe- beyond any doubt. Apart from the excellent road transport, air traffic is also significant. The Copenhagen Airport is among most popular airports in the continent. It has direct flights to top cities in the EU and other continents too. So, importing products for the company and exporting to other countries will not be a problem for you.
When starting a new business in a country and expanding existing venture abroad, running cost is something you cannot overlook. In Denmark, this cost can be managed without hassles. The expenditure for renting office space and corporate tax will be on lower side. You can open different types of companies including Danish Public Limited Company, Danish Private Limited Company and General Partnership.
Starting a venture in Denmark may not be tough but you may still require expert aid. BRIS group is your most apt companion for such assistance. Get in touch to know more about Denmark Company Formation.
|Denmark Company Formation||Financial Advantages|
|Taxation:||0-25% Corporation tax|
|Double Taxation Treaty Access:||Yes Treaty Access|
|Denmark Tax Information Exchange Agreements:||Yes, Denmark signed Exchange Agreements|
|Account Filing Requirements:||Yes accounting / reporting requirements|
|Annual Return Filing Requirements:||No annual return/ reporting requirements|
|Audit Requirements:||No audit required.|
|Denmark Company Formation||Registration Requirements|
|Share Capital:||DKK 50,000. Minimum paid up share capital at least 25%|
|Classes of Share Available for Denmark company formation:||Shares with or without voting rights, redeemable shares, ordinary shares, preference shares|
|Bearer Shares:||Not Allowed|
|Registered Office Required:||Yes required and must be maintained in Denmark.|
|Shareholders:||Minimum number is one|
|Directors:||Minimum number is one. Can be any nationality and need not be resident in Denmark (but majority must be EU residents) Corporate directors are not allowed.|
|Your Company language:||Latin alphabet.|
|Name of your Company must be ended:||“Anpartsselskab” /”ApS” “AS”|
|Documents required for Denmark company formation:||A certified copy of your passport or ID and proof of your residential address dated less than 3 months.|
|Denmark Company Formation||Restriction|
|For Denmark company formation you cannot use words in your company names without justification:||“Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc.|
|Restrictions on Trading:||None|
|Not permitted without a licence:||Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision.|
|Denmark Company Formation||Confidentiality and Security|
|Publicly Accessible Records:||Yes, accessible|
|Nominee Shareholders and Nominee Directors:||Yes, Allowed|
|Disclosure of Beneficial Ownership to Authorities:||No|
|Meetings of Directors and Shareholders to be held:||Anywhere|
|Stability:||Good jurisdiction and respected reputation.|
|Region:||In Central Europe.|
|Political System:||Parliamentary Democracy|
|Governing corporate legislation:||Companies Act|
|Type of Law:||Civil|
|Currency:||Danish krone (DKK)|
|Language of Legislation and Corporate Documents:||Danish, Norwegian, Swedish and English.|
This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.
BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.