Europe Emirates Group can help you start your business in Denmark
Denmark company formation takes the form of Private Limited Companies known as ApS companies and the process takes between one to two weeks. Companies are registered with the Danish Commerce and Companies Agency and provided with a CVR identifier number after the company name is approved and all the required information about the director shareholder, business type and activity and capital submitted.
The company has to submit the name of a director, along with their address, nationality and other information. Only one director is required to form a company, and directors and shareholders do not need to be residents of Denmark. There are minimal requirements for capital before formation.
The shares in the company have to come with voting rights to meet Danish standards. Shareholders sign a formation agreement, which declares the address and the name of the company and its business. The company must also disclose the name of the board of directors, the period of the first general meeting and share capital.
The company can have a managing board and board of directors. Both boards have to be registered with the Danish Commerce and Companies Agency. The government holds an official listing of all the major shareholders in the company.
The corporate structure only requires that there be one shareholder. There are no residency requirements for shareholders. The company can decide upon its own financial year, which can be extended to 18 months.
Once formed, an annual shareholders meeting is required and there are restrictions on how many foreigners can be on the Board of Directors and the Management. The company also has to declare its policies for signatories.
Further restrictions include that the first accountant be registered with the state. The name and address of the company’s accountant should be provided along with the same information on the director, shareholders and other people involved with forming and running the company. Companies also need to maintain a registered office within Denmark.