Establishing a company in Denmark
What you need to consider when setting up a company in Denmark
Denmark is one of the countries in Europe that allow for a simple company formation process, with a well-developed infrastructure and a business environment that encourages research and development and innovative business ideas.
Opening a company in Denmark is a simple process that involves a few key steps and starts with choosing the right business structure. Because the country offers an attractive business environment, many international companies have set up their local Nordic headquarters in Copenhagen or other Danish cities. Some of the key areas for investment include the technology industry, the life science sector, or the maritime sector. Of course, investors can find business opportunities in other areas for design to food production as well as the renewable energies sector.
TBA offers complete services to local and foreign investors who are interested in opening a company in Denmark. We can help investors from the early stages of company formation and once the company is in need of solutions for dispute resolution or other types of legal services.
Main steps to open a business
Choose a legal structure
This is important as the type of company can match the existing capital and the number of investors as well as be suited for small, medium or large companies. The private limited liability company or ApS is commonly used both by local and foreign investors.
Register the company
Obtain permits
Register with the tax authorities
Hire employees
How easy is it to set up a business in Denmark?
What TBA can offer you
Foreign companies that enter the market have the option of opening a branch or a subsidiary and our lawyers can also advise investors regarding this particular choice. While the branch may present important advantages in terms of ease of incorporation and the general reporting requirements, the foreign company opening a branch in Denmark will be the one liable for the branch’s actions, debts and liabilities while doing business in Copenhagen or another Dutch city.
We can provide investors with complete details about the registration requirements for taxation purposes as well as the annual reporting and filing requirements with the SKAT. Moreover, our tax lawyers in Denmark can also offer complete details on the double tax treaties concluded between Denmark and other countries.
When opening a business in Denmark, it is important to observe both the Companies Law as well as the Employment Law and other relevant laws. As far as employment is concerned, our Danish lawyers can assist investors in drawing up employment contracts as per the current legislation. We can also provide information about the insurance for employees and the taxes related to hiring staff, the social security contributions.
TBA provides effective and individualized corporate services. We can help you to manage your Danish company’s statutory secretarial needs and assist in securing your company’s compliance with legal and administrative requirements in Denmark.
Advantages
Denmark has become a popular choice for businesspeople seeking about where to set up their business. One of the reasons for this popularity has to do with the many benefits offered to those who want to start a business in Denmark.
Moreover, Denmark is a very friendly place for foreign investors to contribute, as the government encourages foreign money to be brought into the country by providing various incentives such as grants, loans, and tax reductions for offshore corporations.
Benefits of incorporating in Denmark
Denmark offers several benefits to the business owners who choose to incorporate in Denmark, such as:
A corporation formed in Denmark can legally operate as a headquarters or holding company, allowing the business to engage in other Nordic or European business opportunities.
Services
We can provide you with all administrative services such as:
- Business name registration.
- Maintenance of statutory registers and other formal documentation.
- Registered office address/ Domiciliation and keeping of mandatory company files.
- Opening bank accounts.
- Bookkeeping.
- Annual Reports.
- Payroll administration.
- Preparation, attending and/or drafting minutes of annual general meetings, board meetings and other meetings.
- Preparation and execution of resolutions.
- Preparation and filing forms for any changes in your company.
- Handling all incoming and outgoing correspondence.
- General corporate/legal assistance.
- Ad hoc tasks.
Our company licensing services
— What we do and do not do
Our company is EXCLUSIVELY engaged in assisting worldwide clients, either individuals or corporate entities, to get duly and properly licensed with local Regulators and Financial Authorities to get respective official licenses to legally carry out their cryptocurrency or financial related business activities.
TBA & Associates Tax Business Advisors does not provide or carry out any sort of Cryptocurrency or Financial services!
Disclaimer: While TBA & Associates strives to make the information on this website as timely and accurate as possible, the information itself is for reference purposes only. You should not substitute the information provided in this article for competent legal advice. Feel free to contact TBA Customer Services for advice on your specific cases.