The establishment takes place through the register center (virk.dk). It takes up to 1 week (if the tax office does not have any questions) to receive your company code (CVR).

After submitting the information for the establishment of the company, the registration of the future company begins. After the commencement of the case, the authorized capital of DKK 40,000 is transferred to the account of the specified lawyer (in order for the lawyer to approve the capital). After approval, the memorandum of association and the articles of association are sent to the founder, which must be signed. After signing, the company code comes in a week. After receiving the company code, the next step is to open a business bank account and order an electronic signature. After opening a bank account, the authorized capital is transferred to the company’s account.

You must be registered as a taxpayer if you have an income that exceeds DKK 50,000 (this only applies to enkeltmand) or your business activity requires you to become a taxpayer. Registration may take 3-5 business days.

In order to open a business account, the bank must be provided with a business plan and the estimated budget of the company. In order for us to describe the activity as accurately as possible, we will send you a questionnaire, on the basis of which a business plan and a budget will be written.

The company needs to be registered as an employer when the company decides to hire employees. Then company needs to be registered as an A-skat, AM-bidrag payer. Registration may take 3-5 business days.

When a company has employees, it is necessary to declare salaries and form their payslips. In order for us to do this, we need some information from you every month.

Owners of sole proprietorships do not need to submit an income statement to the register center, but must submit an extended annual tax return, which is linked to their personal declaration.

A Inkasso account is required if you have an insolvent customer and want to transfer it to bailiffs. You then need to create an account in the collection (bailiff) system for debts up to 50,000. If the debt is higher, you need to consult a lawyer.

When hiring an employee, it is necessary to sign an employment contract with him, which would define all duties and rights.

At the end of the financial year an income statement must be submitted to the skat and register center (kirja.dk). You can choose to have it done by us or an authorized auditor.

If the company does not have an accounting program and the accounting is kept in excel, the profit and loss statement and balance sheet need to be formed manually.

In order to open a business account, the bank needs to submit a business plan and the estimated budget of the company. In order for us to describe the activity as accurately as possible, we will send you a questionnaire, on the basis of which a business plan and a budget will be written.

Accounting is required for business operations in Denmark and a company must be closed if it decides to cease operations.

If the company has decided to register its activities in Denmark and open a branch, an application must be submitted to the register center also additional documents must be submitted.

When a foreign company arrives in Denmark for business purposes, the company must notify the competent authorities in Denmark and register company in RUT.

Once a company has registered in RUT, each employee must also be registered, with information on each one individually.