For readers planning to set up a new business in Denmark, we recommend further professional assistance. Contact us at mail@dk.gt.com.
Contents in our publication 'Doing Business in Denmark'
Business forms
Business can be conducted through companies, by partnerships or by individuals acting as sole traders.
In this chapter:
- Public limited companies
- Private limited companies
- Branches (of foreign limited companies)
- Representation offices
- MS entity
Accounting requirements
The board of directors and the managing director are responsible for the maintenance of sound accounting records and for the preparation of annual reports, covering each financial reference period.
In this chapter:
- Form and contents of the annual report
Audit requirements
All limited companies must be audited by an independent auditor (in certain cases very small companies may be exempted). The auditor is appointed by the shareholders at the general meeting.
Bookkeeping requirements
When doing business in Denmark, bookkeeping must be made in accordance with the Danish Bookkeeping Act.
Establishment
A foreign investor planning to set up a subsidiary in Denmark may either form a new company or purchase the shares in an existing company (“shelf” company).
In this chapter:
- Establishment procedures
- Purchase of shares in a shelf company
- Registered branch office
- Choice of business form
Corporation Taxation
In this chapter:
- Tax rate
- Company residence and territoriality
- Permanent establishment
- Danish income subject to withholding tax
- Tax losses
- CFC taxation (taxation of Controlled Financial Companies)
- Filing a tax return
- Payment and collection
- Tax audits
- Penalties
- Statute of limitations
Calculation of the taxable income
In this chapter:
- General comments
- Stock valuation
- Dividend income
- Capital gains and losses
- Deductions
- Transfer pricing
- Joint taxation
Taxation of individuals
In this chapter:
- Territoriality and residence
- Expatriates with high salaries
- General rules for taxation of individuals
- Joint taxation
Value-added tax
Denmark applies the system of value-added tax (VAT) established by the EU.
In this chapter:
- Distance selling – sale of goods to private customers
Withholding taxes
An overview.