Registration of company in Denmark A/S

Registration of a company in Denmark - A/S

Denmark is characterized by stability of legislation on establishment of new non-resident businesses, as well as loyal taxation policy that is the cause of the increasing popularity of registering companies in Denmark. The government concluded agreements on the suppression of double taxation with 80 countries on all continents, that allows offshores in Denmark to keep most of the profits.

Registration of companies in Denmark: requirements for applicants

1. Minimum level of charter capital is equivalent to 17,000 euros, and the amount can be increased due to the individual peculiarities of a legal entity.
2. Business in Denmark assumes the presence of one or more directors during the registration process. Appointment of the Secretariat is not a requirement.
3. Offshore in Denmark must have an official address of registration in the country. If head office organizes partnerships with other countries, such as Belize or Cyprus, physical presence in Denmark is not necessary.

In order to register company in Denmark Law & Trust employees need only two or three weeks. Exact terms depends on various factors, namely: the applicant's category (legal entity or natural person), the scale of the company's activity, the amount of charter capital, the status of documents to be submitted in foreign jurisdiction.

Business in Denmark: registration stages

1. The applicant that is resident of any state can register company in Denmark, and at the same time he/she can be the owner of the operating business or apply for starting the new one. The client submits application on the website, by phone or in the office of Law & Trust, followed by individual conversation.The latter is necessary to determine the most beneficial ways to register company in Denmark.
2. The client needs to provide the specialists with: completed application form, personal documents (passport, identity card with personal tax reference number), as well as confirmation of current residence address. Next, prepayment of the company registration procedure in Denmark is made.
3. Lawyers of Law & Trust collect the documents necessary for transfer to a foreign jurisdiction. The list of documents is prepared after obtaining primary data about the founder and organizational and legal form the company.
4. Registration of business in Denmark. After consideration of the transferred documentation package introduction of the new company in the register of state is performed, and the client receives notification about the successful completion of the procedure.

Business Registration in Denmark: assistance of company

After the formation of the company it is necessary to maintain the image and financial reputation. The best indicator of the quality of work for the state is timely submission of reporting forms with correct data filling. In the territory of Denmark two main types of accounting documentation are effective:

1. Annual account (financial statement). Form is to be transmitted to the register within six months after the accounting period.
2. Tax return. It is referred to verification in conjunction with results of the audit, and terms for submitting are similar to those of financial report. The date of the end of the accounting period is considered to be December 31, therefore, the transfer of documents is possible until July 31 of the following year.

In order to register company in Denmark it is necessary to organize the partnership. Two directors (Danish and Cypriot) are appointed for managing it. Partnership provides operative expansion of the business; if the sources of income of the partnership, as well as its management center are located outside Denmark, the company is not subject to taxation.

In view of this the objects of partnership do not submit tax returns in public services of Denmark, however, submission of financial report is necessary.

Lawyers of the company Law & Trust offer to register offshore in Denmark in short terms at favorable prices. Experts provide advice to potential clients, undertake all obligations for collection and verification of documentation, as well as deal with subsequent legal support of established company.