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Register a Company in Denmark

Register a Company in Denmark

Updated on Wednesday 09th August 2017

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Register-a-company-in-DenmarkDenmark was announced as one of the most developed economies in the world and in Europe various times in the last several years which has caught the attention of enterprisers. The energy industry is one of the most developed economic sectors in Denmark which is currently attracting most of the foreign direct investments. However, those interested in starting a business in Denmark can also choose other industries to invest in.

Among the advantages of opening a company in Denmark are the fast business registration procedure and the relatively low costs incurred during the process. Below, our lawyers in Denmark outline the main steps to be followed when registering a company in this country.

Requirements for company registration in Denmark

In order to be able to register a company in Denmark, a foreign investor must first select a type of company. Our Danish lawyers can offer information on the business forms available for incorporation. Then, the investor must apply for a NemID which will allow him or her to access the websites of the authorities and register the Danish company. One must have a residence or an employment permit to obtain the NemID.

Once these steps are completed, the entrepreneur can select a company name, have the statutory documents drafted and deposit the share capital with a Danish bank. The share capital will depend on the type of company chosen. You can obtain information on the share capital requirements from our law firm in Denmark.

The company incorporation procedure in Denmark

There are two ways in which foreign investors can register companies in Denmark:

  • -          by filing the documents with the Danish Business Authority (DBA) themselves;
  • -          by submitting the documents electronically.

The latter method is commonly used right now because it is faster and the DBA will handle both the company and the tax registration procedures at once.

Once the DBA has registered the company it will issue a CVR (business identification number) and a tax number for the business.

Other requirements for Danish companies

Once the Danish company is registered, there a few more steps to follow in order for the business to become fully operational. These steps are:

  • -          VAT registration;
  • -          registration of employees of social insurance purposes;
  • -          applying for the necessary business permits.

If you need assistance in registering a business in Denmark, do not hesitate to contact our local law firm.

 

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