Company Registration in Denmark

Registration fee is from 7000 €

Registration period — 3 weeks

Minimum authorized capital - DKK 40,000

Remote opening — Yes

Financial statements — Yes

Denmark is an independent country in Northern Europe with its capital in Copenhagen. Together with the Faroe Islands and Greenland, it forms a single state entity, the Kingdom of Denmark, although each of the three parts has its own self-government. Denmark has been a member of the European Union since 1973 (without joining the Eurozone) and is one of the founding members of NATO.

Why register a company in Denmark

Registering a company in Denmark attracts foreign entrepreneurs primarily thanks to the simple and fast procedure: unlike many EU countries, Danish law does not require mandatory notarization of the incorporation documents, and registration takes place online through the state register.

For Ukrainians interested in doing business in Denmark, Maira Consult recommends using a Danish company for activities in logistics and transportation, shipping, the development of innovative and IT technologies, biotechnology, and pharmaceuticals. Denmark has a special tax regime for holding companies, which makes the jurisdiction attractive for structuring international assets.

Denmark has signed double taxation avoidance treaties with more than 80 countries, including Ukraine, making it possible to reduce the tax burden on international transactions.

Registering a company in Denmark through Maira Consult takes 2-3 weeks and does not require mandatory notarization of documents. We support the entire process, from choosing between ApS and A/S to opening an account with a Danish bank, and help you take advantage of the network of more than 80 double taxation avoidance agreements, including the agreement with Ukraine.

Denmark advantages

1

The ability to open an account with Danish banks

2

High reputation and a stable banking system

3

The best tool for entering the Scandinavian market

4

EU guarantee of bank deposits up to EUR 100,000

General Information

Registration Features

Danish legislation allows for two types of companies: a limited liability company, Anpartsselskab (ApS), and a joint-stock company, Aktieselskab (AG). Some types of activity require licensing or a special permit.

Company Name

The company name must end with a word, phrase, or abbreviation indicating the company's legal form, for example, "ApS" or "AG," which is a mandatory requirement for anyone wishing to open a business in Denmark.

Authorized Capital

To register an ApS company, a minimum share capital of DKK 40,000 must be contributed, which is equivalent to approximately EUR 5,300.

Director

At least one individual is required, with no residency requirements.

Shareholders

A minimum of one individual or legal entity is sufficient for registration, with no residency restrictions, allowing non-residents to easily become owners of the company.

Financial Reporting

ApS companies are required to maintain and submit annual financial statements. Under certain conditions, an audit is required.

Taxation

The standard corporate income tax rate is 22%. For financial companies, the corporate income tax rate is being raised from 22% to 26% starting in 2024. Financial companies include banks, credit institutions, investment management companies, and insurance companies.

The standard VAT rate is 25%.

Confidentiality

The state register is open to everyone, providing access to public data on the company's director, shareholders, and the amount of its share capital.

Stages of company registration

01

Choosing the name and form of the company

The optimal form for doing business in Denmark is a private limited liability company (ApS). Before registration, a request must be submitted to the companies register to check the availability of the name. Once the name is confirmed, preparation of the corporate documents begins.

02

Preparation and collection of documents

Each founder of the company is required to provide a copy of their passport and a document confirming their residential address (for example, a utility bill). At this stage, information on the size of the ApS company's share capital is also submitted.

03

Identification of company participants

The founding documents of the ApS company are signed by the founders (in person or remotely, by power of attorney) and submitted to the Danish Business Authority (Virk.dk) electronically. Unlike many European jurisdictions, Danish law does not require mandatory notarization of the founding documents, which simplifies and speeds up the registration process.

04

Formation of the share capital (if necessary)

At this stage, a corporate bank account is opened in Denmark, into which the share capital is deposited. Once the bank confirms receipt of the funds, the documents for registering the ApS company are submitted to the state register.

05

Company registration

The process of registering a company in Denmark generally takes 2 to 3 weeks from the day the required set of documents is received, depending on the register's workload.

06

Receiving of corporate documents

As soon as you open a business in Denmark and register the company, the register will issue the finished corporate documents bearing the official markings.

07

Legalization of documents (if necessary)

If necessary, the documents of the Danish company are submitted for legalization and apostille certification.

08

Delivery of corporate documents

The original corporate documents of the company in Denmark are sent by courier service. This is an important step after the completion of the company registration process in Denmark, ensuring reliable delivery of all the documents required to run a business in Denmark on a legal basis.

Answers to the Most Common Questions:

The process of registering a company in Denmark involves choosing a name and a legal form, preparing the founding documents, contributing the share capital, and submitting the documents to the state register. To successfully complete all stages, it is advisable to consult professional advisors who will ensure the correct preparation of documents and compliance with all legal requirements.
The cost of registering a company in Denmark starts from 7,000 euros, including the preparation of the necessary documents, payment of state fees, and support at every stage of the process. Additional costs may arise if document legalization or opening a bank account is required.
The registration process usually takes about three weeks from the moment all required documents are submitted. Timelines may vary depending on the workload of the register and how promptly all necessary documents are provided.
Registering a company in Denmark provides access to the European market, since the country is a member of the European Union. Denmark is also known for its high level of economic stability and transparent legal system, and the country's competitive tax system includes numerous double taxation avoidance agreements. Developed infrastructure also makes Denmark convenient for international business.
Denmark offers forms such as Anpartsselskab (ApS), a limited liability company that requires a minimum share capital of 40,000 DKK (about 5,300 euros), and Aktieselskab (A/S), a joint-stock company suited to large enterprises with higher share capital. The choice of form depends on the scale and goals of the business.
Foreign nationals are entitled to open and own a business in Denmark. The country's legislation does not restrict non-residents' rights to own and manage companies, which makes Denmark a convenient jurisdiction for international entrepreneurs.
Yes, registering a company in Denmark requires having a legal address within the country, which can be used for official correspondence and to fulfill legal requirements. This can be the company's own office or an address provided by specialized services.
Registering an Anpartsselskab (ApS) type company requires a minimum of one director. Legislation does not impose residency requirements on the director, allowing either a local or a foreign national to be appointed to this position.

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