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Company Formation Denmark

Updated on Thursday 17th May 2018

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Denmark is one of the best locations in the world for opening a company, being ranked among the easiest countries in Europe for doing business.
 Bridgewest can help you with:

- drawing up the articles of association that can be signed through power of attorney (Denmark laws require powers of attorney for any public notary proceedings);

- drawing up documents for company incorporation in Denmark: specimen signatures, identification papers copies, application form required by the company registration office;

- arranging public notary proceedings (all procedures for company incorporation are done in front of a Danish public notary);

- providing a registered office in Denmark on demand; the registered office serves as headquarters for the company in Denmark and it will be made public;

- setting up a bank account for the company in Denmark; BridgeWest will help in setting up the bank account where the share capital will be deposited, as well as a current bank account once the company is incorporated.

- recommending a Danish accountant, as accounting services are needed for new businesses in Denmark.

Company incorporation in Denmark

The incorporation process for a Danish company is very quick and simple. The first step, when deciding to open a company in Denmark, is choosing three names for the future company and submit them to the Trade Register in Denmark. After the validation of the name, the client can proceed further with the registration of the company. The next step for incorporating the company is to obtain a digital signature called NEM ID and to present identification documents, such as passport copies, identification cards or driver license of both shareholders and directors and a recent utility bill or a bank statement as a proof of residential address and a bank letter as a certification of the client’s solvency.

In order to open a bank account, the above-mentioned documents are required together with the application forms from the bank where the share capital will be deposited. The minimum share capital for incorporating a limited company in Denmark is 80,000 DKK and 500,000 DKK for joint stock companies. The start-up capital must be deposited in a bank account, but it can be used after the registration of the company. In Denmark, the documents of incorporation must be notarized by a Danish public notary. The last step to complete the registration process of a Danish company is to register with the Danish Commerce Companies Agency and receive a CVR number that will be the company’s identification number.

The most employed types of companies in Denmark

The private limited company (anpartsselskab - ApS) – the private limited liability company is employed for small businesses and requires a minimum share capital of 80,000 DKK. The shareholder will be accountable for the company’s debts and obligation to the extent of his/her contribution. The shareholders and the director of the company are not required to be nationals or Danish residents. The shares of the company’s founding members cannot be transferred and the company is required to have its own accounting system.

The public limited company or stock corporation (aktieselskab - A/S) is meant for large enterprises and requires a minimum share capital of 500,000 DKK. The founding members can be nationals or foreigners, natural persons or legal entities. Unlike the private limited company, the shareholders can trade their shares on the stock market. The company must register with the Commerce and Companies Agency in Denmark. Foreign companies are allowed to set up separate enterprises from the parent company, where the foreign company will be a shareholder in a Danish company. Foreign companies can also open extensions of the parent company in Denmark.

Taxation in Denmark

- the standard VAT rate in Denmark is 25%; 

- the corporate tax in Denmark is set at 24.5%. The corporate tax in Denmark will decrease to 23.5% in 2015 and in 2016 the tax will reach its lowest rate - 22%;

- the dividend tax is set at 28% for investors domiciled outside Denmark, but there is also a withholding tax set at 25%.

BridgeWest is also able to offer ready-made Danish companies and VAT registration.

Please contact us for more information and prices implied by opening a company in Denmark.


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