Process of Dissolving a Danish APS Company in Denmark

A Danish entrepreneur who decides to close a private limited company in Denmark (ApS) should first choose the appropriate procedure depending mainly on the company’s material condition.

In Denmark, there are five important types of proceedings and closures, such as:

• To prevent bankruptcy proceedings, a company can file a restructuring petition with the court.
• If the company is solvent, it can be liquidated voluntarily by publicly announcing its decision and appointing a liquidator to handle the proceedings.
• If the company is not solvent, bankruptcy proceedings will be initiated, leading to its closure.
• Before closing the company on the basis of shareholders' statement, complete all accounting formalities and declare the last VAT tax period.
• If the company has employees, ensure the last payment is made and all employees' taxes have been declared, then deregister the employer and inform the tax office of the deregistration date.
• After obtaining a certificate from the tax office that all debts have been paid, prepare a statement confirming all debts of the company have been paid, which must be signed by the shareholders, and submit a final application for closing the company to the office.
• In case of forced dissolution, the court will appoint a liquidator to review the company's financial situation, and it will be put into bankruptcy proceedings if insolvent or dissolved if solvent.