Price17 200 USD
including incorporation tax, state registry fee, including Compliance fee
PriceIncluded
Stamp Duty and Danish Business Authority incorporation fee
Price6 200 USD
including registered address and registered agent, NOT including Compliance fee
Price150 USD
DHL or TNT, at cost of a Courier Service
Price500 USD
Paid-up “nominee director” set includes the following documents
Paid-up “nominee shareholder” set includes the following documents
Compliance fee is payable in the cases of: renewal of a company, liquidation of a company, transfer out of a company, issue of a power of attorney to a new attorney, change of director / shareholder / BO (except the change to a nominee director / shareholder)
Price250 USD
simple company structure with only 1 physical person
Price50 USD
additional compliance fee for legal entity in structure under GSL administration (per 1 entity)
Price100 USD
additional compliance fee for legal entity in structure NOT under GSL administration (per 1 entity)
Price250 USD
Denmark is a Nordic country in Northern Europe, located southwest of Sweden and south of Norway, and bordered to the south by Germany. The Kingdom of Denmark comprises Denmark and two autonomous constituent countries in the North Atlantic Ocean, the Faroe Islands and Greenland.
Total area of Denmark is 43.094 sq. km. Population of Denmark is 5.762.082 (2019). Ethnic groups include Danish (89.6%) and immigrants (10.4%).
The capital of Denmark is Copenhagen.
The official languages of Denmark is Danish.
The official currency is Danish Krone (DKK). 1 USD is equal to 7.16 DKK (2022).
The climate of Denmark is temperate; humid and overcast; mild, windy winters and cool summers; avg. maximum temperature (July) +26°C; avg. minimum temperature (January) +8°C.
Time difference with Moscow is - 1 hour.
Literacy rate is 99%.
Calling code of Denmark is +45.
The Danes were first documented in written sources around 500 AD. Later, Danes took part in Viking raids which brought success and let the Dutch King control several countries at the same time, such as England and Norway. Denmark was long in disputes with Sweden over control of Skånelandene (Scanian War) and Norway, and in disputes with the Hanseatic League over the duchies of Schleswig (a Danish fief) and Holstein (a German fief). Eventually, Denmark lost the conflicts and ended up ceding first Skåneland to Sweden and later Schleswig-Holstein to the German Empire. After the eventual cession of Norway in 1814, Denmark retained control of the old Norwegian colonies of the Faroe Islands, Greenland and Iceland.
During the 20th century Iceland gained independence, Greenland and the Faroese became integral parts of the Kingdom of Denmark and North Schleswig reunited with Denmark in 1920 after a referendum. During World War II Denmark was occupied by Nazi Germany and liberated in 1945, after which it joined the United Nations. It joined NATO in 1949 and the EEC (now the EU) in 1973.
Denmark is a constitutional monarchy.
The head of state is the monarch (King or Queen). The monarch officially retains executive power and presides over the Council of State (privy council). However, following the introduction of a parliamentary system of government, the duties of the monarch have since become strictly representative and ceremonial, such as the formal appointment and dismissal of the Prime Minister and other ministers in the executive government. The monarch is not answerable for his or her actions, and the monarch's person is sacrosanct.
Executive power is exercised on behalf of the monarch by the Prime Minister and other cabinet ministers, who head ministries. The position of Prime Minister is allocated to the member of parliament who can obtain the confidence of a majority in the Folketing; this is usually the current leader of the largest political party or, more effectively, through a coalition of parties.
Legislative power is vested in the unicameral Parliament Folketing. Membership of the Folketing is based on proportional representation of political parties. Danes elect 175 members to the Folketing, with Greenland and the Faroe Islands electing an additional two members each. Parliamentary elections are held at least every four years. On a vote of no confidence, the Folketing may force a single minister or the entire government to resign.
Judiciary power: the Kingdom of Denmark does not have a single unified judicial system – Denmark has one system, Greenland another, and the Faroe Islands a third. However, decisions by the highest courts in Greenland and the Faroe Islands may be appealed to the Danish High Courts. The Danish Supreme Court is the highest civil and criminal court responsible for the administration of justice in the Kingdom.
Denmark has a modern, prosperous and developed mixed economy. Denmark's economy stands out as one of the most free in the Index of Economic Freedom and the Economic Freedom of the World. Denmark is one of the most competitive economies in the world according to World Economic Forum 2008 report. The country also ranks highest in the world for workers' rights. Denmark has the world's lowest level of income inequality, according to the World Bank Gini (percentage), and the world's highest minimum wage, according to the IMF.
The World Bank ranks Denmark as the easiest place in Europe to do business. Establishing a business can be done in a matter of hours and at very low costs. Denmark has a competitive company tax rate of 25% and a special time-limited tax regime for expatriates. The Danish taxation system is broad based, with a 25% VAT, in addition to excise taxes, income taxes and other fees. The overall level of taxation (sum of all taxes, as a percentage of GDP) is estimated to be 46% in 2011.
Once a predominantly agricultural country on account of its arable landscape, since 1945 Denmark has greatly expanded its industrial base so that by 2006 industry contributed about 25% of GDP and agriculture less than 2%.
Denmark is part of the Schengen Area and the EU single market, although it has opted out of the Eurozone.
As of 2011, Denmark has the 10th highest export per capita in the world. Denmark's main exports are:
Denmark is a net exporter of food and energy.
Danish legal system is based on civil law and provides for judicial review of legislative acts. Denmark accepts compulsory International Court of Justice jurisdiction with reservations.
The principal forms of business organization in Denmark are:
The most common structure is the Private Limited Company (Anpartsselskab, ApS).
The company must have a name ending with a suffix ‘ApS’.
Company names may be expressed in any language using the Latin alphabet if the Commerce and Companies Agency is in receipt of a Danish or English translation. Names in Cyrillic alphabet are not allowed.
The Commerce and Companies Agency can decline any name it considers undesirable or any name that is identical or similar to an existing company’s name, or implies illegal activity or royal or government patronage.
The following names, their derivatives or foreign language equivalents require consent or a licence: “Bank”, “Building Society”, “Savings”, “Loans”, “Insurance”, “Assurance”, “Reinsurance”, “Fund Management”, “Investment Fund”, “Trust”, “Trustees”, “Chamber of Commerce”, “Co-operation”, “Council”, “Municipal”, as well as any other names that may suggest association with the banking or insurance business.
To incorporate an ApS in Denmark the following steps are required:
1. Obtain a NemID signature: The NemID can be obtained online on www.nemid.nu. The new NemID was launched in July 2010 as an improvement on the previous Digital Signature.
2. Deposit startup capital at a bank: A private limited company (ApS) must have a startup capital of at least DKK 80 000. An amount equal to 25% of the share capital, but not less than DKK 80 000, must be paid up at all.
3. Register the company with the Danish Business Authority (DBA) Webreg system: The DBA provides to limited liability companies, a one-stop centralized service for business and tax registrations. The website www.webreg.dk captures new and updated company information and it is connected to a database that automatically validates the input data. The registration form may be completed and submitted electronically with the Memorandum of Association and the Articles of Association. The entire process takes place online, without the involvement of any agency official. For online registration, the registration is immediate. To secure payment of the startup capital, lawyers, accountants or bank employees may log on to the Capital Information page on www.webreg.dk and confirm the type and amount of capital by using their NemID (digital signature). On completion of the registration process, the client receives a registration receipt by email, stating a unique business identification number (CVR) and confirmation that the registration is visible at www.cvr.dk, where the National Gazette is published electronically.
4. Register employees with workmen's insurance: Employees must be insured against industrial accidents and occupational illnesses. The chosen insurance company must complete a form and register the insurance policy with the DBA. If the new business has a car, motor insurance must also be purchased. More information on insurance companies can be found at www.forsikringogpension.dk.
It takes about 5 days to startup a new company in Denmark.
Danish ApS must maintain a registered office address within Denmark and keep at that address the register of shareholders.
There are no mandatory requirements regarding the company seal.
The redomiciliation of companies either to or from Denmark is not permitted.
A private limited company is required to have a minimum of one director who may act either as a managing director or a sole member of the board of directors (or both). Such director may be of any residence or nationality, a natural person or a legal entity.
Director’s details are disclosed to the local agent and appear on the public file.
There are no restrictions on how often or where directors’ meetings should be held.
Danish companies are not required to appoint a company secretary.
ApS may have one or more shareholders, individuals or corporations of any nationality or residence.
Shareholders’ details are disclosed to the local agent and appear on the public file.
General meetings are to be held either in Denmark or abroad annually. By unanimous decision, the shareholders of a company may agree to waive the formal requirements of the Companies Act and the company’s articles of association applicable to general meetings and sign a written resolution.
A company may also elect to introduce electronic communication between the company and its shareholders, e.g. by convening general meetings by e-mail.
The register of beneficiaries in Denmark is public. They can be obtained from the official website of the Registry of Companies free of charge and without registration.
The following information about the beneficiaries is disclosed: full name, address of residence, basis of ownership, date of last change of data.
The obligation to provide data for the Beneficiary Registry is effective as of December 1, 2017.
The share capital of a private limited company can be nominated in DKK or EUR (or another currency if permission to use another currency has been obtained).
The minimum authorized and issued share capital of DKK 80 000 An amount equal to 25% of the share capital, but not less than DKK 80 000, must be paid up at all.
Usually the share capital is DKK 80 000 and the standard par value of shares is DKK 100.
Bearer shares or shares with no par value are permitted.
The company registration system is now fully computerised and a fair amount of information is, upon payment of a fee, available online to any interested party. This information includes:
Copies of annual reports are also available online whereas copies of articles of associations, minutes of general meetings etc. may be available by ordinary mail within a few days (or by fax the same day on payment of an additional fee).
