Private Limited Company (ApS)
Public Limited Company (A/S)
| General | ||
|---|---|---|
| Type of Company | ApS | A/S |
| Average timeframe to set up a new company | 1 day | 1 day |
| Average timeframe to activate shelf company | 1 day | 1 day |
| Migration of domicile possible? | No | No |
| Corporate Requirements | ||
| Standard authorised share capital | EUR 16,800 | EUR 33,600 |
| Bearer shares allowed? | No | Yes |
| Minimum number of shareholders | One | One |
| Minimum number of directors | One | Three |
| Corporate directors permitted? | No | No |
| Local directors required? | No | Yes1) |
| Local meeting required? | No | No |
| Company secretary required? | No | No |
| Taxation | ||
| Corporate tax rate | 30% | 30% |
| Ordinary tax base | worldwide income | worldwide income |
| Tax exemptions | Foreign dividends, gain on sale of shares after 3 years | |
| Withholding tax on dividends - tax rate | None | |
| Withholding tax on interest - tax rate | None | |
| Withholding tax on licence fees and royalties | 30% (but not on copyright royalties) | |
| Double taxation treaties | More than 80 | |
| Value Added Tax rate | 25% | |
| Disclosure and Reporting Requirements | ||
| Disclosure of beneficial owner | No | No |
| Government register of directors | Yes | Yes |
| Government register of shareholders | No | No |
| Annual return | Yes | Yes |
| Submission of accounts | Yes | Yes |
| Audit required? | Yes | Yes |
| Incorporation and 1 st Year Fees and Taxes | Annual Maintenance Fees and Taxes | ||||
|---|---|---|---|---|---|
| Type of company | ApS | A/S | ApS | A/S | |
| Incorporation Fee | EUR 2,000 | EUR 2,000 | |||
| Government Tax | None 2) | None 2) | Government Tax | None 2) | None 2) |
| Domicile Fee | EUR 2,500 (4) | EUR 2,500 (4) | Domicile Fee | EUR2,500 (4) | EUR2,500 (4) |
| Annual Administration 3) | EUR 4,000 | EUR 4,000 | Annual Administration 3) | EUR 4,000 | EUR 4,000 |
| Annual Tax Return 3) | EUR 1,000 | EUR 1,000 | Annual Tax Return 3) | EUR 1,000 | EUR 1,000 |
| Annual Audit 3) | EUR 2,000 | EUR 2,000 | Annual Audit 3) | EUR 2,000 | EUR 2,000 |
| Total 1st Year EUR | 12,600 | 13,600 | Total Annual Maintenance EUR | 7,100 | 7,100 |
Note: All fees are quoted in Euro. Currency Converter
1) Majority of directors must be EU residents
2) Or pure holding companies.
3) Package for single holding company with one subsidiary; otherwise administration fees are variable, an hourly rate of EUR 70 applies for administrative work, EUR 175 for senior/director work.
4) Domicile fee includes fee for 1 Danish director.
