Starting a Business in Denmark

This table summarizes the procedures and costs associated with setting up a business in Denmark.

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Legal Form: Anpartselskab (ApS)
City: Copenhagen

	Procedure	Time to complete:	Cost to complete:
1	Obtain a digital signature	1 day	no charge
2	Deposit startup capital at a bank	1 day	no charge
3	Register the company with the Danish Commercial and Companies Agency over Webreg system	1 day (20 minutes) for company registration, 3 days for tax registration	no charge
4	Register employees with workmen's insurance	1 day	no charge

Procedure 3.: Register the company with the Danish Commercial and Companies Agency over Webreg system
Time to complete:: 1 day (20 minutes) for company registration, 3 days for tax registration
Cost to complete:: no charge
Name of Agency:
Comment:: The business and tax registrations are centralized in a one-stop service, so all registrations are processed when a new limited liability company is registered with the Danish Commerce and Companies Agency. The Webreg system, which captures new and updated registration information, is connected to a backend database that automatically validates the input data. Memoranda of incorporation and articles of association are submitted electronically, with the entire process taking place on the Internet without agency official involvement or approval. To obtain security for payment of the startup capital, lawyers, accountants, or bank employees log on to Webreg's capital information page and confirm the type and amount of capital by using their digital signature. After completing registration, the client obtains a registration receipt, stating the business identification number and confirming that the registration is visible at www.cvr.dk., where the National Gazette is published electronically.

Procedure 4.: Register employees with workmen's insurance
Time to complete:: 1 day
Cost to complete:: no charge
Name of Agency:
Comment:: Employees must be registered with one of the private insurance companies. More information and companies that insure can be found at www.forsikringsoplysningen.dk/.