Introduction

To open a business in Denmark, you will first need to register your business with the Danish Capital Market Authority (Erhvervsstyrelsen). You can do this by filing an application form and paying the registration fee. To obtain a VAT number and register as self-employed are also necessary steps to take before opening up shop in Denmark.

Lower taxes

The Danish government wants to attract new businesses and investors by lowering taxes, so you can expect to pay less than in other countries. The reason for this is that Denmark is a social welfare state, and the government wants to keep it that way.

No personal income tax

●     No personal income tax. The Danish government does not impose any personal income tax on its citizens, which means that you can earn as much money as you like without having to pay any tax on it. This is a huge advantage for those who want to start their own business and live in Denmark permanently!

●     No inheritance tax or wealth tax. If you inherit property from someone who has passed away, there will be no inheritance tax on your share of the estate (although some other types of assets may be subject to taxation). Furthermore, if your parents have built up considerable wealth over their lifetime but did not leave it all behind when they died--or even if they did--then there won't be any wealth taxes either! That means more money available for investing in growing businesses like yours!

Excellent education

Education is an important part of the Danish culture, and education standards are high in Denmark. The country has some of the best schools in Europe, and it also has one of the highest percentages of people with a university degree.

If you're looking for an environment where your children can receive a good education, then setting up a business in Denmark may be right for you.

Easy to set up a business

Setting up a business in Denmark is not difficult. You need to meet some basic requirements, but after that it's smooth sailing.

Setting up a company in Denmark involves filling out some documents and providing some personal details. The documents required include:

●     A certificate of incorporation (chartered status) from the Danish Business Authority (Erhvervsstyrelsen). This is known as "firmaattesten" in Danish; you can order it online through Erhvervsstyrelsen's website or by calling them directly at +45 33 92 11 11. It takes around one week for this process to be completed once you have submitted all the necessary information.

●     An invoice showing your name and address as registered on Folkeregisteret (the national population register), which will be used when opening your bank account later on - make sure that everything matches up well before submitting anything!

A wealthy population, which means you can sell more expensive products.

Denmark has a wealthy population, which means you can sell more expensive products.

Many people have disposable income and are willing to spend it on high-quality goods or services. The high income tax in Denmark also makes buying expensive products more common than elsewhere in Europe.

There are many reasons why you should set up your business in Denmark.

There are many reasons why you should set up your business in Denmark.

●     Denmark is a great place to live and work. The Danish government has worked hard over the years to create an environment where people can flourish, which means there are excellent opportunities for both employees and employers alike. Denmark has been ranked as one of the top countries in the world for quality of life by The Economist Intelligence Unit (EIU). In fact, EIU named Copenhagen as having "one of Europe's most livable cities"--and with its low crime rate, clean air and water supply (among other things), it's easy to see why!

●     Denmark is also one of Europe's best places for doing business--the country scored highly on both ease-of-doing-business measures such as starting a company or getting credit compared with other European nations such as Germany or France--which led Forbes magazine writer Eric Morath to conclude: "You don't need an MBA from Harvard Business School or Stanford University if you want success; just move someplace else."

●     This same logic applies when setting up an international operation within Denmark itself: companies looking into establishing operations here should know that there are plenty incentives available for them too - including tax breaks provided by both municipal governments as well as national legislation passed by parliamentarians representing each political party groupings within coalition governments formed since 2001 (so far).

What are the requirements to set up a business in Denmark

●     You need to have a business plan.

●     You need to have a company name.

●     You need to have a company address.

●     You need to have a bank account in Denmark, which you can open when you get here or before you arrive in Denmark and get your residence permit (visa).

●     If possible, it's also good if you can show that there's demand for what it is that you want to sell--in other words, if people are already buying similar things elsewhere in Europe or even globally online before they've even seen what exactly it is that they want from yours specifically!

Can non-residents set up a business in Denmark

If you are not a Danish resident, it is still possible to set up a business in Denmark. The first step is to apply for a business bank account with one of the banks listed below:

●     Danske Bank (www.danskebank.com)

●     Jyske Bank (www.jyskebank.dk)

Your application will then be reviewed by the bank's financial department and if approved, they will open an account with your name on it within 30 days of receiving your application form.

Can non-residents apply for a business bank account in Denmark

Yes, non-residents can apply for a business bank account in Denmark. However, there are some requirements that you need to meet:

●     You must have a Danish business partner.

●     Your address must be in Denmark or within the EU (European Union). This means that if your company is based in England but has its headquarters in Copenhagen, this would not qualify as an acceptable address because it's not within Europe's borders.

Additionally:

●     You must have a Danish phone number and email address associated with your new business bank account application form;

●     If you don't own any assets yet but want to open up an account anyway (perhaps just so that people know where they can send checks), then go ahead! The most important thing is having someone trustworthy who understands how things work here before making any big decisions like buying property or hiring staff members without knowing exactly how much money will come out at each step along the way

Conclusion

If you're thinking about setting up a business in Denmark, we hope this article has given you some insight into what it entails. There are many reasons why Denmark is an excellent place to do business, including low taxes, excellent education and easy access to funding. We also know that starting a company can be daunting and confusing, so if there is anything we can do to help please don't hesitate to contact us - our experts will be glad answer any questions!

Please note that a jurisdictions’ requirements may change from time to time. Please contact us for current requirements in this jurisdiction.