Business Reforms in Denmark
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Dealing with Construction Permits: Denmark made dealing with construction permits more expensive by raising the cost of building permits and the cost of obtaining a water and sewage connection.
Starting a Business: Denmark made starting a business easier by introducing an online platform allowing simultaneous completion of business and tax registration.
Starting a Business: Denmark made starting a business easier by reducing the paid-in minimum capital requirement.
Dealing with Construction Permits: Denmark made dealing with construction permits more costly by increasing the fee for building permits.
Registering Property: Denmark made registering property easier by introducing electronic submission of property transfer applications at the land registry.
Resolving Insolvency: Denmark introduced new rules on company reorganization, which led to the elimination of the suspension-of-payments regime.
Starting a Business: Denmark eased business start-up by reducing the minimum capital requirement for limited liability companies from 125,000 Danish kroner ($22,850) to 80,000 Danish kroner ($14,620).
Registering Property: Computerization of Denmark’s land registry cut the number of procedures required to register property by half.
Paying Taxes: Denmark made paying taxes less costly for companies by reducing the corporate income tax rate.
Resolving Insolvency: Denmark made resolving insolvency easier through legislation transferring some powers in bankruptcy proceedings from trustees to judges and granting more rights to creditors.