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Ease of Doing Business in

Denmark

Denmark Download Profile (1691.4KB, pdf)
Region OECD high income
Income Category High income
Population 5,676,002
GNI Per Capita (US$) 58,590
City covered Copenhagen

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 3 2 down
1
84.87 84.85 down
0.02
Starting a Business 24 22 down
2
94.07 94.04 up
0.03
Dealing with Construction Permits 6 6
-
84.69 84.63 up
0.06
Getting Electricity 14 12 down
2
90.20 90.19 up
0.01
Registering Property 12 9 down
3
89.88 89.88
-
Getting Credit 32 29 down
3
70.00 70.00
-
Protecting Minority Investors 19 15 down
4
71.67 71.67
-
Paying Taxes 7 7
-
92.11 92.11
-
Trading across Borders 1 1
-
100.00 100.00
-
Enforcing Contracts 24 25 up
1
71.23 71.23
-
Resolving Insolvency 8 9 up
1
84.86 84.78 up
0.08

DB 2017 Rank:

12

DB 2016 Rank:

9

Change in Rank:

down3

DB 2017 DTF (% points):

89.88

DB 2016 DTF (% points):

89.88

Change in DTF (% points):

0.00

STANDARD PROPERTY TRANSFER
Property value DKK 17,931,753
City Copenhagen
Indicator Denmark OECD high income
Procedures (number) info_outline 3 4.7
Time (days) info_outline 4 22.4
Cost (% of property value) info_outline 0.6 4.2
Quality of the land administration index (0-30) info_outline 24.5 22.7
  • Measure of efficiency
    No. Procedure Time to Complete Associated Costs
    1

    Obtain relevant documents at the Land Registry online

    Agency: Land Registry Court (www.tinglysningsretten.dk)

    The following documents are obtained at the Land Registry:
    • copy of entries on the Land Register
    • transcript of owner’s property return
    • copies of easements and other encumbrances registered on the property

    These documents are obtained online. It is necessary to previously register with the Land Registry and get a user name, as well as pay for every enquiry. In general, professional are the usual subscribers to the Land Registry.

    Less than a day (online procedure) Free (online)
    2

    Obtain a transcript from the Danish Business Authority documenting the power to bind the buyer

    Agency: Danish Business Authority

    The buyer or the representative obtains transcript from the Danish Business Authority documenting the power to bind the buyer. The buyer or the buyer’s representative prepares a conveyance (sale contract), which is signed by the buyer and the seller.

    Less than a day (online procedure) No charge
    3

    Apply for registration with the Land Registry online

    Agency: Land Registry Court (www.tinglysningsretten.dk)

    A deed is prepared containing the relevant details from the Sale Agreement. Anyone can write the deed. Normally a lawyer (conveyancer) writes the deed, but it is not mandatory.
    The title deed must be prepared in accordance with formal requirements laid down in or pursuant to the Land Register Act. There is no longer a requirement that the seller's signature is confirmed by two witnesses, instead a digital signature is used.
    At this moment, ownership is transferred, but it is still necessary to register with the Land Registry in order to make it opposable to third parties. Registration is made online and the system sends back an email immediately mentioning that the transaction is now complete. The registration fee is paid online.

    1-5 days DKK 1,660 + 0.6% of transaction price (Registration fee)

  • Measure of quality
    Answer Score
    Quality of the land administration index (0-30) 24.5
    Reliability of infrastructure index (0-8) 7.0
    What is the institution in charge of immovable property registration? Tinglysningsretten
    In what format are the majority of title or deed records kept in the largest business city—in a paper format or in a computerized format (scanned or fully digital)? Computer/Fully digital 2.0
    Is there an electronic database for checking for encumbrances (liens, mortgages, restrictions and the like)? Yes 1.0
    In what format are the majority of maps of land plots kept in the largest business city—in a paper format or in a computerized format (scanned or fully digital)? Computer/Fully digital 2.0
    Is there an electronic database for recording boundaries, checking plans and providing cadastral information (geographic information system)? Yes 1.0
    Is the information recorded by the immovable property registration agency and the cadastral or mapping agency kept in a single database, in different but linked databases or in separate databases? Separate databases 0.0
    Do the immovable property registration agency and cadastral or mapping agency use the same identification number for properties? Yes 1.0
    Transparency of information index (0–6) 3.0
    Who is able to obtain information on land ownership at the agency in charge of immovable property registration in the largest business city? Freely accessible by anyone 1.0
    Is the list of documents that are required to complete any type of property transaction made publicly available–and if so, how? Yes, online 0.5
    Link for online access: https://www.tinglysning.dk/
    Is the applicable fee schedule for any property transaction at the agency in charge of immovable property registration in the largest business city made publicly available–and if so, how? Yes, online 0.5
    Link for online access: https://www.tinglysning.dk/
    Does the agency in charge of immovable property registration commit to delivering a legally binding document that proves property ownership within a specific time frame–and if so, how does it communicate the service standard? No 0.0
    Link for online access:
    Is there a specific and separate mechanism for filing complaints about a problem that occurred at the agency in charge of immovable property registration? No 0.0
    Are there publicly available official statistics tracking the number of transactions at the immovable property registration agency? No 0.0
    Number of property transfers in the largest business city in 2015:
    Who is able to consult maps of land plots in the largest business city? Freely accessible by anyone 0.5
    Is the applicable fee schedule for accessing maps of land plots made publicly available—and if so, how? No cost 0.5
    Link for online access: http://gst.dk/
    Does the cadastral or mapping agency commit to delivering an updated map within a specific time frame—and if so, how does it communicate the service standard? No 0.0
    Link for online access:
    Is there a specific and separate mechanism for filing complaints about a problem that occurred at the cadastral or mapping agency? No 0.0
    Geographic coverage index (0–8) 8.0
    Are all privately held land plots in the economy formally registered at the immovable property registry? Yes 2.0
    Are all privately held land plots in the largest business city formally registered at the immovable property registry? Yes 2.0
    Are all privately held land plots in the economy mapped? Yes 2.0
    Are all privately held land plots in the largest business city mapped? Yes 2.0
    Land dispute resolution index (0–8) 6.5
    Does the law require that all property sale transactions be registered at the immovable property registry to make them opposable to third parties? Yes 1.5
    Is the system of immovable property registration subject to a state or private guarantee? Yes 0.5
    Is there a specific compensation mechanism to cover for losses incurred by parties who engaged in good faith in a property transaction based on erroneous information certified by the immovable property registry? Yes 0.5
    Does the legal system require a control of legality of the documents necessary for a property transaction (e.g., checking the compliance of contracts with requirements of the law)? Yes 0.5
    If yes, who is responsible for checking the legality of the documents? Registrar; Notary; Lawyer; Interested Parties.
    Does the legal system require verification of the identity of the parties to a property transaction? Yes 0.5
    If yes, who is responsible for verifying the identity of the parties? Registrar; Notary; Lawyer; Interested Parties.
    Is there a national database to verify the accuracy of identity documents? No 0.0
    For a standard land dispute between two local businesses over tenure rights of a property worth 50 times gross national income (GNI) per capita and located in the largest business city, what court would be in charge of the case in the first instance? City Court of Copenhagen
    How long does it take on average to obtain a decision from the first-instance court for such a case (without appeal)? Less than a year 3.0
    Are there any statistics on the number of land disputes in the first instance? No 0.0
    Number of land disputes in the largest business city in 2015:
    Equal access to property rights index (-2–0) 0.0
    Do unmarried men and unmarried women have equal ownership rights to property? Yes 0.0
    Do married men and married women have equal ownership rights to property? Yes 0.0