REGISTERING A COMPANY IN DENMARK
Danish ApS company format
Opening a bank account
- an ApS company is legally similar to Russian ZAO, British Ltd, or German Gmbh – i.e. a joint stock company with limited liability;
- minimal paid-up capital, which from 2014 is 6800 EUR (50000 krone), can be used for the needs of the company after it has been registered;
- no requirement to use a Danish bank;
- the company may engage in international trade as a third-party agent from any jurisdiction – the so-called blacklists do not exist in Denmark;
- the director may be a client representative (a non-resident of Denmark), nominee (a resident of the European Union), or two people: a resident and a non-resident of Denmark.
- companies must fulfill an audit report once a year;
- the company is covered by the agreement on avoidance of double taxation and may provide a Tax Residency Certificate from the Danish taxation offices;
- no requirement to use a Danish bank.
To register a Danish ApS company you must:
- Select and confirm the availability of the company name.
- Upon establishing the company’s name and its operational activities, the following statutory documents must be prepared:
- the charter;
- minutes of the first meeting of founders;
- if the client’s company has a director, you must provide a copy of his/her passport and proof of address (a copy of their official residence registration or a receipt of payment for a utility bill at their place of residence).
- Authorized capital of the company (6800 EUR) must be transferred to the account of a Danish attorney at law indicating that it is a “Charter capital for “New Company Name” ApS/under incorporation” payment.
- Immediately after registering your company and opening a bank account, the attorney at law will transfer your authorized capital to your new bank account. The authorized capital may be used to pay for the needs of the company.
- To complete this banking transfer it is sufficient to provide a copy of a letter to the client from the bank, indicating the details of the newly opened bank account.
- Provide Minutes of Meeting of Shareholders;
To prepare the share register you must provide copies of the shareholder(s) following documents:
- Certificate of Incorporation;
- for a business – proof of address;
- for an individual – a copy of his/her passport and proof of address (a copy of their official residence registration or a receipt of payment for a utility bill at their place of residence).
If a corporate shareholder has been registered more than 6 months prior to the registration of the Danish company, you will need to provide a copy of a recent Certificate of Good Standing.