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Denmark – K/S Company
  • Denmark is a highly developed member state of the EU which has a standard level of taxation. The rate of corporate tax in Denmark is 25%. However, Danish legislation offers the opportunity of registering and using Danish enterprises with a zero rate of tax. These enterprises are known as Komanditsselskab or K/S.
  • The K/S is a limited partnership which has no less than two partners. One of the partners is a General Partner, whilst the other partners have the status of Limited Partners.
  • The legislation by default provides that operating body of a K/S company is the General Partner. However, there are no restrictions to appoint additional persons to position of directors or managers of a K/S company. Nonetheless, the General Partner bears the basic responsibility for the commercial activities and for the financial obligations of a K/S company.
  • The registration of a K/S company 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 typeKomanditsselskab - K/S
Directors/OfficersDenmark K/S companies require a minimum of 2 Partners, who may be natural persons or corporate bodies from any legal jurisdiction.
General Partner cannot be one and the same for several K/S.
Each Denmark K/S company must file a Register of its Partners with the Danish Central Business Register (CVR).
ShareholdersThe legislation on Danish K/S companies does not consider a status of shareholders.
SecretaryThere is no statutory requirement for a Company Secretary to be appointed.
Authorised share capital Standard authorised capital = EUR 1,000.
The abovementioned amount must be fully paid by the end of first financial year.
Company Names The name of a Denmark K/S company must end with the suffix "K/S".
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 must be submitted every year.
Corporate TaxationCorporate Tax rate for Denmark K/S companies with non-resident partners is 0%.
Tax TreatiesK/S companies are not regarded as residents for tax purposes in Denmark, and therefore are not entitled to take advantage of Double Tax treaties concluded by Denmark with other countries.
Timeframe for incorporation 20/25 working days. A complete set of company documents can be delivered in 7/8 weeks.
Takeover of management & secretarial services for an existing Denmark K/S 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 K/S companies in accordance with client instructions.
Price of Denmark K/S companyEUR 4,960, including preparation of foundation documents, registration costs, the Government Duty (at the authorized capital 1.000 EUR), translation of documents into English language, full domiciliary (Registered Agent/Office) costs, services of Limited Partner for a year. Purchase of individual General Partner has to be paid separately.
Cost of annual support servicesEUR 2,980 per year, including full domiciliary (Registered Agent/Office) costs, services of Limited Partner and legal support services for each year.
Also, there are additional fees for preparing of financial statement, depending on complicity of the statement, as well as fees for maintenance of individual General Partner.
  • INTERNATIONAL OVERSEAS SERVICES has the following comments: -
  • Registration of a K/S company in Denmark provides the opportunity to operate a corporate instrument of a prestigious European country that may be exempted from taxation under certain conditions.
  • However, it should be noted that a K/S company, whereby the majority of capital shares are owned by partners from countries that have no double taxation treaties with Denmark, may be treated for taxation purposes as a company rather than as a partnership. Accordingly, the profit in accordance with the annual audit results may be subject to standard taxation.
  • A General Partner may not be assigned to more than one K/S company. Accordingly, along with the K/S company, the individual General Partner company must also be acquired. The General Partner is usually a corporate entity from either one of the classic offshore jurisdictions such as Belize or Panama, or of an EU country such as Cyprus, depending on the intended business activities of the K/S company.