Company Formation In Denmark

COMPANY FORMATION IN DENMARK

The Danish Limited Partnership (K/S) incorporates the tax transparency and flexibility of a partnership, as well as separate legal identity benefits of a company. Danish corporate tax is avoided completely if there are non-resident partners and if the LP company registered in Denmark trades solely outside Denmark.

The Limited Partnership company structure in Denmark consists of two partners:

• The General Partner, which has management control in Danish company, shares the profits of the company in predefined proportions and carries liability for the debts of the partnership.
• Like shareholders in a corporation, the Limited Partners have limited liability, meaning they are only liable on debts incurred by the Danish company to the extent of their registered investment and have no management authority.

Two important distinctions for company in Denmark that should be noted:

• The Danish limited partnership company has separate legal identity benefits similar to that of a company
• The general partner of a Danish partnership may be a corporate entity; therefore, the unlimited liability of the general partner may be restricted to the assets of the corporate entity.

The in Denmark registered company may be used for:

• Trading, especially when a “white” entity is needed
• Holding real estate

REQUIREMENTS FOR COMPANY FORMATION IN DENMARK

• In Denmark company should be a minimum two partners, one General, one Limited Partner (offshore company can be used)
• Denmark LP companies do not have share capital, rather “capital” that is contributed by the partners (the amount is determined by the partners)
• No Danish corporate tax if profits are passed to the offshore partners
• Denmark company trading accounts must still be filed annually (even if no corporate tax is paid)
• Denmark company bank account can be opened through our office (no personal visit required)
• Partnership Agreement required at registration of company in Denmark (we will provide sample text)

DENMARK COMPANY FORMATION FEES

TIME FRAME FOR COMPANY FORMATION IN DENMARK

• Company registration in Denmark will take three weeks, once all documents for company formation are submitted

NOTE TO COMPANY FORMATION IN DENMARK

• Should questions arise from the local VAT office, there may be an additional fees EUR 50 per hour for handling the Denmark company VAT application, depend upon intricacy of the registration.

OFFICES FOR COMPANY OPENED IN DENMARK

• Virtual office for company registered in Denmark (includes telephone, fax and mail forwarding facilities): €290 per month payable quarterly in advance plus €870 deposit refundable within 30 days upon termination of your Denmark company office contract.
• Serviced office for company in Denmark: cost as per requirement. Please contact us for company office fees in Denmark

ACCOUNTING SERVICES FOR COMPANIES REGISTERED IN DENMARK

• Basic accountancy fee for companies registered in Denmark start from €200 per month based upon approximate number of monthly invoices and projected annual turnover of the company. Fees for larger Denmark companies may vary. Please contact us for Denmark company accounting fees.

HOW TO REGISTER A COMPANY IN DENMARK?

For company formation in Denmark, we will require the following:

• 100% of the Denmark company formation cost
• A completed Denmark company registration application form
• A copy of each Denmark companies director/shareholders/beneficial owners’ passport
• A utility bill copy that is less than three months old showing residential address of Danish company director/shareholders/owners

Please send your documentation for company registration in Denmark to:

SIA IBC Konsultants
Antonijas St. 22-4, LV-1010

Riga, Latvia
Fax: +371 67333957
Email: info@eurocompanyregistration.com
Skype: Contact_IBC

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