Set up a Textile Manufacturing Company in Denmark
Set up a Textile Manufacturing Company in DenmarkUpdated on Thursday 15th December 2022
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The textile and fashion industry in Denmark consists of both large companies and small and medium businesses that generally specialize in niche products.
Investors who wish to set up a textile manufacturing company in Denmark should follow the standard company set up procedure and the requirements for corporations, as they are set forth in the Companies Law. One of our Danish lawyers can detail these requirements for you if you with to enter this business field.
The textile and fashion business in Denmark
The fashion and textile industry in Denmark is a developed one that has seen a rise in exports and domestic consumption over the last years. Danish clothes and accessories are shipped worldwide, particularly to Germany and the United Kingdom.
Textile manufacturers in Denmark have an important potential for growth and development and they can be involved in the manufacturing of various types of textile products. A great focus is placed upon brand clothing, however, textile manufacturers can specialize in a niche, such as cotton clothing, knitwear, textile accessories or printing on textile products.
Danish textile companies will work closely with foreign suppliers. Textile and fashion manufacturers around the world have certain criteria for production and quality and these must be observed, along with the principles of corporate social responsibility in production. The Danish Fashion and Textile trade organization and the Danish Fashion Institute recommend the implementation of these specific set of rules for manufacturers.
Danish companies involved in the export and import of various textile products and accessories should comply with the ongoing regulation for trading in Denmark.
The attorneys at our Danish law firm can give you additional details about the special permits and licenses that may be needed, according to the manufacturing particularities.
How to open a company in Denmark
Entrepreneurs who wish to open a Danish company, as well as foreign companies that want to expand to the country, have access to a simple and straightforward company formation process.
It is common for textile companies to be set up in the form of an ApS, the private limited liability company. The business needs to be registered and obtain a CVR number. After the new company is registered with the Danish Business Authority, it will also be registered with the Tax Authorities.
One of our lawyers in Denmark can give you additional details about the processes that follow the company registration procedure. We can help you hire employees and obtain any needed special permits and licenses.
Our Danish accountants offer complete bookkeeping solutions, together with the preparation of the annual financial statements. If your manufacturing company is not considered a small business for taxation purposes, then our team will also provide audit services as needed. You can also rely on our expertise for payroll services and other solutions tailored to your business needs.
Contact the experts at our law firm in Denmark if you need more information about how to invest in the textile and fashion industry.