Setting up a Business in Denmark

Overview by Globlatrade.net:

Legal Forms of Companies

Types of Companies and Capital (Max/Min) Number of Partners/Shareholders and Liability Registration Fees
Anpartselskab ( ApS) is a Private Limited Company
 
 
Minimum DKK 125,000 totally subscribed and released.
Minimum 2 partners Maximum 50 shareholders.
 
 
Liability is limited to the amount contributed.
About DKK 2,300 + 0.4% of the authorized capital
Aktieselskab ( A/S) is a public limited company.
 
 
Minimum DKK 125000, totally subscribed and released.
Minimum 3 partners. NB: At least 1 of them has to live in Denmark or to be a citizen of one of the European Union countries.
 
 
Liability is limited to the amount contributed.
About DKK 3,000 + 0.4% of the authorized capital
Interessentskab ( I/S) is a general partnership.
 
 
No minimum capital.
Minimum 2 partners.
 
 
Partners' liability is indefinite and several.
Lower expenses as compared to a ApS
Kommanditselskab ( K/S) is a limited partnership.
 
 
No minimum capital.
Two types of partners: active partners and sleeping partners
 
 
Liability of active partners is unlimited. Liability of sleeping partners is limited to the amount contributed.
Lower expenses as compared to a ApS
 
 

Business Setup Procedures

Administrative Formalities
The creation of an ApS or a A/S requires several formalities:
The articles of incorporation include a constitution charter, drawn up and signed by the founders. Names and addresses of founders, members of the Board of Directors have to be specified.
The Competent Organization
The Danish Commerce and Companies Agency (DCCA) handles the registration of the company and issues a CVR-number.
Time Necessary for Registration
When you have submitted the requested information, the agency will register your company and issue a CVR number. If the requirements are met, the processing time will typically be 1 to 2 weeks. Many lawyers have shelf companies available to enable a fast start-up process. The fast start-up process may be as short as 1 to 2 days.

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