Denmark has a population of 5,613 million and a GNI (Gross
National Income) per capita of 61,110 USD. Starting a new business venture here
is relatively easy. In fact Denmark ranks 4th in World’s Bank
aggregate ranking on the ease of doing business (out of 189 economies). Here’s
why:
To register your
company you need to address the Danish Business Authority a one-stop national, service
for business and tax registrations. You can find them here: www.webreg.dk
- How many days are necessary to complete all the legal procedures?
You only need to wait 5.5 days before your company is up and
running
- How many procedures are necessary to start a business?
4 procedures are required to register your company. Here
they are in detail:
1. Get a NemID signature
The NemID is a key card that allows you or your employees to
conduct different actions online on behalf of the company in a safe environment.
You can ask for up to 3 NemID’s free of charge. For additional ones you need to
pay a fee.
2. Deposit the start-up capital
To deposit the company’s start-up capital you need to
address a commercial bank. The minimum amount of money need for a start-up is DKK
50,000.00.
3. Register your company with the Danish Business Authority
(DBA)
To register your company you need to go online to www.webreg.dk
and fill in the registration form. After you have done so you are asked to electronically
submit the Memorandum of Association and the Articles of Association of your
company. For the entire process you have use your NemID. When the procedure is
completed you will receive by email the company’s business identification
number (CVR) and the conformation of its registration. Your company will automatically
be enlisted on www.cvr.dk, where the National Gazette is published.
4. Register your employees
All your employees must be insured against accidents and
occupational illnesses. To do this you need to choose an insurance company
which will complete a form and register your company’s insurance policy with
the DBA. To find out more about the insurance companies’ operating system you
can go visit ww.forsikringogpension.dk.
So, what are you waiting for? Start your business in Denmark
today and this time next week you can officially call yourself a Danish entrepreneur.
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