Thursday, 14 December, 2017
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Denmark - Anpartsselskab
  • Denmark, a member of the EU, is a country with one of the highest number of Double Tax treaties concluded (at the present time it has treaties in force with more than 70 countries).
  • Denmark is well-known as a country with a standard taxation level. The corporate tax rate in Denmark is 25%. Whilst there is no tax relief on income earned from standard trading activities, the law exempts from tax any income earned by holding operations such as dividends from subsidiaries. Considering the wide network of double taxation treaties entered into by Denmark, a Danish holding company may serve as an effective instrument when it is used as a founder of resident companies in other countries (such as for example in Russia or the Ukraine).
  • The incorporation of companies in Denmark is carried out by the Danish Central Business Register, which is also known as the CVR (Det Centrale Virksomhedsregister).

GENERAL INFORMATIONTotal area - 42,915 sq km
Population - 5,600,000
Location - click here to see the map of offshore jurisdictions
Political status - parliamentary monarchy
Capital - Copenhagen
Official language - Danish
Official currency - Danish krone (DKK)
Time zone - GMT +1
Company typeAnpartsselskab (ApS)
Directors/OfficersDenmark ApS companies require a minimum of 1 Director, who must be a natural person. One of directors must be a resident of Denmark, the others may be residents of any country.
Each Denmark ApS company must file a Register of its Directors with the Danish Central Business Register (CVR).
ShareholdersDenmark 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 file a Register of its shareholder/s with the Danish Central Business Register (CVR).
SecretaryThere is no statutory requirement for a Company Secretary to be appointed.
Authorised share capital Standard authorised capital = DKK 80,000.
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 and is held by the agent on a confidential basis.
Filing of Annual ReturnAn Annual Return must be submitted every 12 months after the date of registration.
Filing of Financial StatementsFinancial Statements certified by a licensed auditor must be submitted every year.
Corporate TaxationThe standard corporate tax rate in Denmark - 25 %. Holding operations may be exempt from the taxation.
Tax TreatiesDenmark has concluded Double Tax treaties with more than 70 countries.
Timeframe for incorporation 3/5 working days. A complete set of company documents can be delivered in 6/7 weeks.
Takeover of management & secretarial services for an existing Denmark ApS companyPossible, following verification of Beneficial Ownership and agreement with and discharge of liabilities to previous corporate service provider in Denmark.
Description of incorporation documentsClick here for itemised description of company documents.
"Ready-made"("Shelf") companiesWe are happy to register new Denmark ApS companies in accordance with client instructions.
Price of Denmark ApS companyEUR 5,890, including incorporation costs, full domiciliary (Registered Agent/Office) costs, set of documents legalised by Apostille, including General Power of Attorney.
Cost of annual support servicesEUR 3,090 per year, including annual Government Duty, full domiciliary (Registered Agent/Office) costs, General Power of Attorney for current year. Also, there are additional fees for preparing of financial statement, depending on complicity of the statement.
  • INTERNATIONAL OVERSEAS SERVICES has the following comments: -
  • Due to its image as a standard taxpaying jurisdiction, Denmark is considered to be a respectable and prestigious choice for incorporation of a company to carry out international holding activities in the future.
  • However, it should be noted that the tax benefits are not automatic. A company needs to meet the test of the Participation Exemption. This means it must have a shareholding in a subsidiary of not less than 10% which has been held for at least 12 months.
  • Additionally, the Danish Tax Service (Told Skat) will not allow any benefits if it is determined that the company was created with the sole purpose of using it to obtain the benefits under double taxation treaties. This practice is known as Treaty Shopping.