Setting Up a New Limited Liability Company (APS) in Denmark
To register a new ApS company in Denmark, the company must be registered with the Danish Enterprise Authority, and a share capital of at least DKK 20,000 must be paid to complete the registration process.
INCORPORATION OF A NEW APS COMPANY
When a share capital is deposited in a new ApS company, it belongs to the company, not to the owners. However, the owners are allowed to use the equity for company expenses, salaries, and dividends.
YOU CAN USE THE DEPOSITED SHARE CAPITAL FOR COMPANY EXPENSES
When share capital is deposited in a new ApS company, it becomes the property of the company, not the owners. However, the owners are allowed to use the equity for company expenses, salaries, and dividends.
DO NOT BORROW MONEY FROM THE COMPANY IF YOU ARE THE OWNER
While it is technically legal for owners to borrow money from their company, it is not recommended to do so due to the unfavorable taxation that comes with it.
MANAGEMENT
An ApS company in Denmark can have one or more directors, and there is no restriction on owners serving as directors. Directors may be residents or non-residents of Denmark.
OWNERS
An ApS company in Denmark may have one or more owners, who can also be directors of the company. Owners can be residents or non-residents of Denmark.
DEPOSITING SHARE CAPITAL
When establishing a new ApS company in Denmark, you can deposit the required minimum capital of DKK 20,000 in cash or as assets such as a car, goods or inventory. Depositing cash is the easiest and fastest method, but if you choose to deposit assets, an auditor must verify the value of the items you want to deposit. The auditor will then value the total worth of the non-cash deposit, which can be costly, with fees ranging from DKK 5,000 to 15,000 + VAT. Finding an auditor willing to perform this type of audit can be difficult. It is generally recommended to invest the required equity in cash as it is much simpler. You can later sell any assets to the company and pay yourself out of the equity, which is the easiest and cheapest solution.
