Understanding APS as a Type of Limited Liability Company in Denmark

An Anpartsselskab (ApS) is a type of limited liability company in Denmark. To register an ApS, one must go through the Erhvervsstyrelsen, which is the Business Activity Authority in Denmark, and complete the registration process through the website https://erhvervsstyrelsen.dk.

What is worth knowing about ApS?

1. The owner of the Ltd in Denmark (ApS) is not personally liable for any debts or liabilities incurred by the company.
2. To establish an ApS, a minimum share capital of DKK 20,000 is required. The owner may use this paid-up capital to pay for company expenses, dividends, or distributions.
3. Instead of cash, assets such as a car can be deposited into the company, but this process is more complex and expensive, as it requires a chartered accountant to estimate the value of the non-cash deposit.
4. The company has a legal personality, making it an ideal form for family businesses where the owner has complete control over the company.
5. To establish an LLC in Denmark (ApS), incorporation documents and articles of incorporation are required.
6. The owner of the company should not borrow money from the company, as this can result in high taxes.

An Anpartsselskab (ApS) in Denmark can have either a single owner or multiple owners, who may be residents or non-residents of Denmark. Furthermore, an owner of an ApS can also serve as a director of the company, and a director can be an owner of the company. The director or owner can be a Danish resident or non-resident as well.