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Denmark

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 - more info
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 - click here for more info
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	None²⁾	None²⁾	Government Tax	None²⁾	None²⁾
Domicile Fee	EUR 2,500 (4)	EUR 2,500 (4)	Domicile Fee	EUR2,500 (4)	EUR2,500 (4)
Annual Administration³⁾	EUR 4,000	EUR 4,000	Annual Administration³⁾	EUR 4,000	EUR 4,000
Annual Tax Return³⁾	EUR 1,000	EUR 1,000	Annual Tax Return³⁾	EUR 1,000	EUR 1,000
Annual Audit³⁾	EUR 2,000	EUR 2,000	Annual Audit³⁾	EUR 2,000	EUR 2,000
Total 1^st 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.

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