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Company formation in Denmark
Comprehensive assistance in company formation, including banking services
How to form a company in Denmark
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Denmark
and opening a bank account in Denmark
and opening a bank account in Denmark
2
Payment of services
Payment of our services for company formation in Denmark and/or bank account assistance in Denmark
3
Company formation
We register a new company in Denmark for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to forming a company in Denmark
Remote company formation in Denmark is available.
1. Founders of a company in Denmark can either be resident or non-resident in Denmark. Founders can be either individuals or legal entities.
2. A resident or a non-resident individual can be a director in Denmark. It is not required to register a company in Denmark with a resident individual as one of its shareholders or directors.
3. One individual can be simultaneously a shareholder and a director in a company in Denmark if such company is registered as a ApS (a limited liability company).
4. There is no requirement for creating substance in Denmark - no need to hire local employees or rent an office in order to establish a company in Denmark or to conduct business in Denmark.
5. Minimum share capital that is required to register a company in Denmark as a ApS (a limited liability company) is DKK 40,000.
6. Information about company founders, shareholders and directors after a company registration in Denmark is complete is publicly available in the state corporate register.
7. A company in Denmark can be registered remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Copenhagen for 1 day in order to open a corporate bank account.
2. A resident or a non-resident individual can be a director in Denmark. It is not required to register a company in Denmark with a resident individual as one of its shareholders or directors.
3. One individual can be simultaneously a shareholder and a director in a company in Denmark if such company is registered as a ApS (a limited liability company).
4. There is no requirement for creating substance in Denmark - no need to hire local employees or rent an office in order to establish a company in Denmark or to conduct business in Denmark.
5. Minimum share capital that is required to register a company in Denmark as a ApS (a limited liability company) is DKK 40,000.
6. Information about company founders, shareholders and directors after a company registration in Denmark is complete is publicly available in the state corporate register.
7. A company in Denmark can be registered remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Copenhagen for 1 day in order to open a corporate bank account.
Cost of services
Formation of a ApS
Timeframe - 12 business days
Timeframe - 12 business days
Send a request
for company formation
Advantages of forming a company in Denmark
Attractive business-environment
- Access to EU markets
- Access to the North Sea and to the Baltic Sea allows to establish maritime trade
- World class innovation and technology
- Strategic geographic location of Copenhagen is a convenient logistics center in the Scandinavian region
- Stable economic growth
- Highly-qualified workforce
- Low inflation
Stability and security
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
Tax benefits
- Corporate income tax incentive for R&D
- Multiple double tax treaties
No foreign exchange controls
- Denmark state regulations do not impose foreign exchange controls. Individuals and business-entities, either resident or non-resident in Denmark may open bank accounts in local banks in any currency
Ease of establishing and doing business
- Remote company formation in Denmark is available
- 100% foreign ownership of a company is available
More about Denmark
The Kingdom of Denmark is located in Northern Europe. Kingdom of Denmark includes autonomous territories of the Faroe Islands and Greenland in the North Atlantic Ocean. Denmark has a territory of 42,943 square kilometers. Denmark has access to the North Sea and to the Baltic Sea. Denmark borders Germany, Norway and Sweden. The capital city of Denmark is Copenhagen, the largest city and the location of key government institutions.
Denmark has a population of 5,95 million people.
Denmark has a population of 5,95 million people.
Official currency of Denmark is Danish krone (DKK).
Denmark has a developed mixed high-income economy that is dependent on foreign trade. Major industries include wind turbines, pharmaceuticals, medical equipment, machinery and transportation equipment, food processing, and construction. Circa 60% of the total export value is due to export of goods, and the remaining 40% is from service exports, mainly sea transport.
The GDP of Denmark grew by 5% in 2021 and amounted to USD 398.3 billion. Tertiary sector makes up almost 65.6% of the GDP of the country, followed by industry sector at 20.2%, agriculture at 1%.
In terms of foreign trade the largest exports of the country are wind turbines, pharmaceuticals, machinery and instruments, meat and meat products, dairy products, fish, building toys, furniture and design.
Imports of Denmark consist of energy, petroleum oils, natural gas, cars and vehicles, electrical equipment, consumer goods, cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods.
Primary trading partners of Denmark are Germany, United Kingdom, Norway, Sweden, Netherlands, Finland, Poland, USA, Belgium, China and France.
Denmark has a developed mixed high-income economy that is dependent on foreign trade. Major industries include wind turbines, pharmaceuticals, medical equipment, machinery and transportation equipment, food processing, and construction. Circa 60% of the total export value is due to export of goods, and the remaining 40% is from service exports, mainly sea transport.
The GDP of Denmark grew by 5% in 2021 and amounted to USD 398.3 billion. Tertiary sector makes up almost 65.6% of the GDP of the country, followed by industry sector at 20.2%, agriculture at 1%.
In terms of foreign trade the largest exports of the country are wind turbines, pharmaceuticals, machinery and instruments, meat and meat products, dairy products, fish, building toys, furniture and design.
Imports of Denmark consist of energy, petroleum oils, natural gas, cars and vehicles, electrical equipment, consumer goods, cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods.
Primary trading partners of Denmark are Germany, United Kingdom, Norway, Sweden, Netherlands, Finland, Poland, USA, Belgium, China and France.
International business expands to Denmark and incorporates a company in Denmark primarily for:
Restricted for foreign entrepreneurs are the following sectors:
- wholesale and retail trade
- cleantech and renewable energy
- ICT
- food technology and food production
- maritime services
- design and innovation.
Restricted for foreign entrepreneurs are the following sectors:
- defense industry
- television
- telecommunications and radio
- air transport
- postal services.
- Corporate income tax - 22%. Tax returns are filed on an annual basis. Advance income tax payments are made twice a year
- Dividend withholding tax - Standard tax rate 22%
- Interest withholding tax - Standard tax rate 22%
- Royalties withholding tax - 0% or 20%
- Capital gains tax - 22%
- VAT - Standard tax rate 25% or the reduced rate 0% or tax exempt. Tax returns are filed on a monthly basis or twice a year
- Personal income tax - from 8% up to 56%.
Apart from such traditional business entity types as a private limited company (Anpartsselskaber - ApS) and a public limited company (Aktieselskaber - A/S), corporate law in Denmark offers to establish a business as:
1. Limited partnership company (Partnerselskaber - P/S)
2. General partnership (Interessentskab - I/S)
3. Limited partnership (Kommanditselskab - K/S)
4. European company (Societas Europaea)
5. Branch office (Filial).
To receive a detailed description of the company formation procedure in Denmark and information about documents necessary for company formation in Denmark please contact our experts.
1. Limited partnership company (Partnerselskaber - P/S)
2. General partnership (Interessentskab - I/S)
3. Limited partnership (Kommanditselskab - K/S)
4. European company (Societas Europaea)
5. Branch office (Filial).
To receive a detailed description of the company formation procedure in Denmark and information about documents necessary for company formation in Denmark please contact our experts.
Send a request for company formation in Denmark
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London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
