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Publication date: 14.08.2024
Peculiarities of doing business in Denmark for foreigners
For Ukrainians planning to open a business in Denmark, it is important to understand the specifics of the local business environment. Before starting the process, it is recommended to conduct a legal analysis of the situation to determine the most appropriate form of business and assess potential risks. A qualified legal analysis of documents will help to avoid possible mistakes and delays in the company registration process.
Denmark is known for its favorable business climate and transparent business regulations. To fully understand all aspects of starting a business in this country, you should seek the advice of a lawyer specializing in international commercial law.
Key features of doing business in Denmark:
- High level of digitalization of business processes
- Transparent taxation system
- Support for innovation and startups
- Strong focus on environmental friendliness and sustainable development
- The need for knowledge of English or Danish
For a detailed explanation of all aspects of starting and running a business in Denmark, it is recommended to get written consultation from a specialist in Danish commercial law.
Legal forms of business in Denmark
Choosing the right legal form of business is a key step when starting a company in Denmark. Before making a decision, it is recommended to consult a lawyer who will be able to assess the advantages and disadvantages of each form for your specific case. A detailed legal opinion of a lawyer will help you make an informed choice.
The main legal forms of business in Denmark are:
- Enkeltmandsvirksomhed (sole proprietorship)
- Interessentskab (I/S) (Partnership)
- Anpartsselskab (ApS) (Limited liability company)
- Aktieselskab (A/S) (Joint Stock Company)
- Filial (Branch of a foreign company)
To determine the most appropriate form for your business, we recommend that you conduct a legal analysis of your documents and obtain a professional legal opinion.
Question
Can Ukrainians start a business in Denmark without permanent residence in the country?
Answer
Yes, Ukrainians can open a business in Denmark without permanent residence in the country, especially if they choose the form of a limited liability company (ApS) or a joint stock company (A/S). However, for effective business management, it may be necessary to appoint a local director or representative. In addition, some activities may require special permits. To clarify all the details and possibilities in your specific situation, it is recommended to seek advice from a lawyer online specializing in Danish commercial law.
Steps to start a business in Denmark
The process of starting a business in Denmark involves several important steps, each of which requires careful preparation. It is recommended to conduct a thorough analysis of documents before submitting them to the relevant authorities. A qualified online lawyer can help you prepare all the necessary papers and check them for compliance with the requirements of Danish law.
The main steps to start a business in Denmark are:
Choosing a legal form of business
Developing a business plan
Registration of the company in the Central Business Register (CVR)
Obtaining a NemID (digital signature)
Opening a bank account
Registration for taxes
Obtaining necessary licenses and permits (if applicable)
In order to avoid possible mistakes in the process of paperwork, it is recommended to conduct a legal analysis of documents with the help of an experienced specialist. A legal opinion of a lawyer will help you to be sure that the prepared documents are correct.
Tax aspects of doing business in Denmark
Understanding the Danish tax system is critical to the success of doing business in this country. It is recommended to conduct a legal analysis of the situation before starting your business to assess the tax liabilities of your business. A qualified lawyer in Ukraine who specializes in international tax law can provide you with valuable advice on how to optimize your tax burden.
Key aspects of business taxation in Denmark:
- Corporate tax (22% as of 2023)
- VAT (25% for most goods and services)
- Personal income tax (progressive scale)
- Social contributions
- Possible tax benefits for startups and innovative companies
To successfully plan your tax strategy, we recommend that you seek the assistance of a lawyer in Kyiv with experience in international tax planning. Professional legal analysis will help you optimize your tax burden and avoid possible problems with the Danish tax authorities.
Peculiarities of hiring employees in Denmark
Starting a business in Denmark often involves hiring local employees, which has its own peculiarities and requirements. To fully understand Danish labor law, it is recommended to seek lawyer's consultation from a lawyer who can provide comprehensive information. The service of having documents reviewed by a lawyer can be especially useful when drafting employment contracts and developing internal company policies.
Key aspects of hiring employees in Denmark:
- Strong protection of employee rights
- Flexible working conditions and work-life balance
- High health and safety standards
- Collective bargaining system in many industries
- Cultural sensitivity in human resources management
For any legal issues related to hiring and managing personnel in Denmark, it is recommended to contact a qualified lawyer who can provide professional assistance and support at every stage of your business development.
Starting a business in Denmark for Ukrainians is an exciting process that opens up great opportunities for entrepreneurship in one of the most developed economies in Europe. However, this process requires careful preparation, a deep understanding of local legislation and the specifics of the business environment. From choosing the right legal form to establishing efficient business processes, each step has its own nuances and potential difficulties.
Given the complexity of Danish commercial law and the importance of proper execution of all documents, it is always recommended to seek professional legal assistance. A qualified lawyer will be able to conduct a detailed analysis of your business idea, help you choose the best legal form, prepare all the necessary documents and provide valuable advice at every stage of your business development in Denmark.
To get qualified assistance in starting and running a business in Denmark, we recommend that you contact the legal marketplace CONSULTANT. Our specialists have many years of experience in the field of international commercial law and are ready to provide you with comprehensive support. From initial consultation to support at all stages of your business development, CONSULTANT will provide you with professional assistance and confidence in the correctness of your business decisions.
Don't take any risks with your business in Denmark - entrust your legal matters to the professionals at CONSULTANT. Our team of experts will help you not only to successfully start a business, but also to ensure its stable development and growth in the Danish market. Contact the CONSULTANT today and take the first step towards successful entrepreneurship in the Kingdom of Denmark.
