Denmark is a member of the EU and is a country with one of the highest number of double tax treaties (at the present time it has treaties in force with more than 70 countries). Denmark is universally known as a jurisdiction with a standard level of taxation (the rate of corporate tax in Denmark is 25%). Consequently, it can in no way be described as a "tax haven".
At the same time, legislative amendments made in 1998 provide Danish holding companies (hereafter referred to as DHCs) with the facility to pay dividends received from abroad to their parent companies resident in a country having a tax treaty with Denmark, without liability for any Danish tax. Given that inbound dividends paid to Denmark from many countries benefit from the favourable terms negotiated in Denmark's double tax treaties, the Danish holding company is becoming an advantageous vehicle through which to establish companies resident in other countries.
The incorporation of companies in Denmark is carried out at the Danish Commerce and Companies Agency - the DCCA.
| GENERAL INFORMATION | Total area - 43,075 sq km
Population - 5,200,000
Location - click here to see the map of offshore jurisdictions
Political status - Monarchy
Capital - Copenhagen
Official language - Danish
Official currency - Danish krone (DKK)
Time zone - GMT +1 |
| Company type | Anpartsselskab (ApS) |
| Directors/Officers | Denmark ApS companies require a minimum of 1 Director, who may be a natural person from any legal jurisdiction. There is no statutory requirement for a Company Secretary to be appointed.
Each Denmark ApS company must file a Register of its Directors with the Danish Commerce and Companies Agency (DCCA). |
| Shareholders | Denmark ApS companies require a minimum of 1 shareholder, who may be a natural person or a corporate body from any legal jurisdiction.
Each Denmark ApS company must keep a Register of its Shareholder/s. |
| Authorised share capital | Standard authorised capital = DKK 125,000.
The abovementioned amount must be fully paid at the moment of incorporation. |
| Company Names | The name of a Denmark ApS company must end with the suffix "ApS".
Company names containing restricted words such as "Bank", "Insurance", "Trust" etc. will not be permitted unless an appropriate national operating licence has been obtained by the company. |
| Beneficial Ownership information | Information with regard to ultimate beneficial ownership must be disclosed to the Registered Agent of the company in Denmark and is held by the agent on a confidential basis. |
| Filing of Annual Return | An Annual Return must be submitted every 12 months after the date of registration. |
| Filing of Financial Statement | Financial Statements must be submitted every year. |
| Corporate Taxation | Standard tax rate in Denmark is 25%. Holding operations may be exempt from taxation. The other possibility is that Denmark company, which performs commercial activities, can work in low-tax regime together with other (offshore) company, which serves as the principal for operations performed by a Danish Company. |
| Tax Treaties | Denmark has concluded double tax treaties with more than 70 countries. |
| Timeframe for incorporation | 15/18 working days. A complete set of company documents can be delivered in 8/10 weeks. |
| Takeover of management & secretarial services for an existing Denmark ApS company | Possible, following verification of Beneficial Ownership and agreement with and discharge of liabilities to previous corporate service provider in Denmark. |
| Description of incorporation documents | Click here for itemised description of company documents. |
| "Ready-made"("Shelf") companies | We are happy to register new company in this jurisdiction in accordance with client instructions. |
| Price of Denmark ApS company | USD 7,230, including incorporation costs, full domiciliary (Registered Agent/Office) costs, Nominee services and legal support services for one year. |
| Cost of annual support services | USD 3,840 per year, including full domiciliary (Registered Agent/Office) costs, annual Government Duty, Nominee services and legal support services for each year. Also, there are additional fees for preparing of financial statement, depending on complicity of the statement. |
