Denmark  

General Information:
Denmark, forms part of Scandinavia, is situated in Northern Europe and has an estimated population of 5.1 million.The Government is a democratically elected parliament and is based on a written constitution.

Currency:
Danish kroner DKK

Language:
The official language is Danish, but English is widely spoken.

Characteristics of Denmark Private Limited (APS) Company

Type of Company:
Private Limited (APS)

Taxation:
The taxation rate is currently 30% on worldwide income, but this can be minimised or eliminated provided certain criteria are met.

Annual Franchise Tax:
N/A

Directors:
A minimum of one (1) director is required , who must be a natural person and need not be a resident of Denmark.

Shareholders:
Minimum one (1)

Registered Agent/Office:
A registered office must be maintained in Denmark which must be registered with the Danish Commerce and Companies Agency.

Annual Reporting:
A Danish Company is required to file accounts with the Companies and Commerce Agency. An audit must be conducted by a Registered or State authorised Public Accountant and a Corporate Income Tax return needs to be submitted.

Confidentiality:
The details of the directors and shareholders appear on public record, but anonymity is retained by the use of nominee directors.

Double Tax Treaty Network:
Denmark has over 78 double taxation agreements with both EU and Non EU members.

Trading Restriction:
Company trading must not be of a financial nature.

Name:
Names must end with either the word "Anpartsselskab" or the abbreviation "APS".

Disclosure of Beneficial Owner:
No

Tax on Offshore Profits:
Yes

Bearer shares allowed:
No

Corporate Directors Permitted:
No

Company Secretary Required:
No

Standard Authorised Share Capital:
DKK 125,000

Local Registered Agent:
Yes

Local Directors:
No

Disclosure of Directors:
Yes

Disclosure of Shareholders:
No

Submit Accounts:
Yes