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Denmark

Legal form:

LLC, PLC, A/S

Delivery:

4 weeks

Price: $

2500

Payment methods:

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Requirements:

Document checklist:

Local legal address (Handled by B2B Hub) 

1.Passport
2.Proof of Residence 

Registrar

Organization name

Abbreviation

Country

Denmark

Email

Phone

Listing
Open website
UK comapny formation (1).webp

About

Denmark

Capital
Official languages
Population 
Currency

ISO 4217

Copenhagen

Danish

5,822,763

Danish Krone

DKK

FAQ



Q: What is the process for forming a company in Denmark?

A: The process for forming a company in Denmark involves obtaining approval for your company name, drafting and signing the company's articles of association, obtaining a CVR number, registering your business with the Danish Business Authority, and opening a bank account.


Q: What are the different types of companies I can form in Denmark?

A: The most common types of companies in Denmark are the Private Limited Company (ApS) and the Public Limited Company (A/S).


Q: What is a Private Limited Company (ApS)?

A: A Private Limited Company (ApS) is a type of company where the liability of the shareholders is limited to their share capital contribution. ApSs are often used for small and medium-sized businesses.


Q: What is a Public Limited Company (A/S)?

A: A Public Limited Company (A/S) is a type of company where the shareholders own the company through the ownership of shares. The liability of the shareholders is limited to the amount of their share capital contribution.


Q: What are the minimum requirements for company formation in Denmark?

A: The minimum requirements for company formation in Denmark include having at least one shareholder, a registered office address, and a minimum share capital contribution of DKK 50,000 for an ApS and DKK 500,000 for an A/S.


Q: How long does it take to form a company in Denmark?

A: The time it takes to form a company in Denmark can vary depending on the type of company you are forming and the specific requirements involved. Generally, it can take between one to four weeks to complete the entire registration process.


Q: What are the tax implications of forming a company in Denmark?

A: Companies in Denmark are subject to a range of taxes, including corporate income tax, value-added tax, and payroll taxes. The specific tax obligations will depend on the type of company you are forming and the nature of your business activities.


Q: What are the ongoing compliance requirements for companies in Denmark?

A: Companies in Denmark are subject to a range of ongoing compliance requirements, including filing annual financial statements, maintaining proper accounting records, and renewing their business registration and other permits as required. It is important to work with a qualified professional to ensure that you remain compliant with all applicable laws and regulations.

Economy

Denmark is a small but prosperous country with a strong economy. According to the World Bank, Denmark has a GDP of $326.7 billion in 2019, making it the 39th largest economy in the world. The country has a high standard of living, with a GDP per capita of $60,845 in 2019. Denmark also has a low unemployment rate of 4.2%, and a low inflation rate of 1.3%. The country has a strong export economy, with exports accounting for over 50% of its GDP. Denmark is also a major producer of renewable energy, with wind turbines providing over 40% of the country's electricity. Overall, Denmark is a strong and stable economy with a high standard of living.

Taxation

Taxation in Denmark is regulated by the Danish Tax Agency. Both individuals and corporations are subject to taxation on their income in Denmark.


Personal Income Tax:

In Denmark, individuals are required to pay taxes on their income, including salaries, wages, and other sources of income. The tax rate is based on a progressive tax system, where the tax rate increases as the income increases. The tax rates for individuals range from 8% to 55.8%, depending on the income level. The tax year in Denmark runs from January 1st to December 31st.


Corporate Income Tax:

Corporations in Denmark are also required to pay taxes on their income. The corporate income tax rate in Denmark is a flat rate of 22%. However, there are some tax incentives available to companies in certain industries and regions. The tax year for corporations in Denmark is also from January 1st to December 31st.


Process and Calendar for payments:

In Denmark, the tax payment process involves filing a tax return and paying the tax due within a specific deadline. For individuals, tax returns are due on July 1st of the following year. For corporations, tax returns are due within five months of the end of the tax year.


In addition to income taxes, there are other taxes and fees that individuals and corporations are required to pay in Denmark. These include value-added tax (VAT), real estate transfer tax, and social security contributions.


It's also worth noting that Denmark has signed tax treaties with many countries to avoid double taxation on foreign companies that do business in Denmark.


In summary, Denmark requires both individuals and corporations to pay taxes on their income. The tax rates are based on a progressive tax system for individuals and a flat tax rate for corporations. Tax returns are due within specific deadlines, and there are other taxes and fees that individuals and corporations are required to pay.

Company incorporation application form

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