Denmark Company Formation
Denmark company formation takes the form of Private Limited Companies known as Anpartsselskab (“ApS”) companies, and the process takes between one to two weeks.
The company has to submit the name of a director, along with their address, nationality and other information. Denmark company formation procedures only require one director, and directors and shareholders may need to be residents of Denmark. The capital requirements before formation are minimal.
The corporate structure requirements stipulate that there only needs to be one shareholder, and there are no further residency requirements for them outlined by the authorities.
Companies are registered with the Danish Commerce and Companies Agency.
The company receives a Central Business Registration (“CVR”) identifier number once the Danish Commerce and Companies Agency approves the company name, and the applicants submit the required information about the director shareholder, business type, activity and capital.
The shares in the company have to come with voting rights to meet Danish standards. Shareholders sign a formation agreement, which declares the address and the name of the company and its business. The company must also disclose the name of the board of directors, the period of the first general meeting and share capital.
The company can have a managing board and board of directors. However, you must register both boards with the Danish Commerce and Companies Agency. The government holds an official listing of all the major shareholders in the company.
Once formed, an annual shareholders meeting is required, and there are restrictions on how many foreigners can be on the Board of Directors and the Management. The company also has to declare its policies for signatories.
Further restrictions include that you must register the first accountant with the state. You must provide the company accountant's name and address of the company's accountant along with the same information on the directors, shareholders and other people involved with forming and running the company.
Companies also need to maintain a registered office within Denmark, and in regards to accounting, the company can decide upon its financial year, which can extend to 18 months.