Denmark Flag

Country: Denmark
Region: Europe
Currency: Danish Krone (DKK) (kr.)
Languages: Danish, German
Time Zone: UTC +1

Phone Code: +45

Communications: Good

Formation Cost: 4000 - 6000 USD$
Formation Time: 7 - 14 days
Maintenance cost: 2500 - 3500 USD$

Executive Summary: Denmark is located in Northern Europe, and occupies a peninsula extending north from Germany (known as Jutland) with which it shares its southern border. Denmark also includes several major islands, including Fyn, Bornholm and Sjaelland; the capital, Copenhagen, is situated on the latter of these. The population is 5.5m. The economy is based mainly on intensive agriculture, high-value manufacturing and services. The country is affluent, with income per capita if USD38,300. Denmark is a member state of the EU, but is not part of the Eurozone. The currency is the Danish Krone (DKK) and in mid-2013 USD1 = DKK5.68. Denmark has high rates of personal income tax and is in the mid-range in terms of corporate tax, and has never been considered a financial centre. However changes to its holding company law in 1999 transformed the country into one of the premier holding company jurisdictions in Europe. Denmark is highly rated in terms of the amount of GDP accounted for by research and development, and its telecommunications and transport infrastructure are of a high standard; Copenhagen is well connected to the rest of Europe by air, road and rail.

Suitable for: Wealth Management, Shipping, Aviation, Yachting, Trading Goods, Intellectual Property/Licensing, Holding companies, E-commerce
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Company Purpose Stats:

Wealth Management:


Treasury Management:






Fund Management:








Trading Companies Goods:


Trading Companies Financial:


Intellectual Property:


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Property Ownership:

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Vehicle Types: Limited liability companies, branches, joint ventures, sole proprietorships, general partnerships and limited partnerships

Capital primary business districts: Copenhagen

Good Relationships: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom

Bad Relationships: Burma, Egypt, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria

Tax Burden - Business: Moderate

Tax Burden - Individual: Light

Headline tax rates: CIT 25%, PIT 14.86%, VAT 25%

Treaty Jurisdictions: Argentina, Armenia, Australia, Austria, Bangladesh, Belarus, Belgium, Brazil, Bulgaria, Canada, Chile, China, Croatia, Cyprus, Czech Republic, Egypt, Estonia, Georgia, Germany, Greece, Greenland, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Jamaica, Japan, Kenya, Korea, Republic of, Kuwait, Kyrgyzstan, Latvia, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mexico, Montenegro, Morocco, Netherlands, New Zealand, Norway, Pakistan, Philippines, Poland, Portugal, Romania, Russia, Serbia, Singapore, Slovakia, Slovenia, South Africa, Sri Lanka, Sweden, Switzerland, Taiwan, Tanzania, Thailand, Trinidad and Tobago, Tunisia, Turkey, Uganda, Ukraine, United Kingdom, United States, Venezuela, Vietnam, Zambia

TIEA Jurisdictions: Andorra, Anguilla, Antigua and Barbuda, Aruba, Azerbaijan, Bahamas, Bahrain, Barbados, Belize, Bermuda, Botswana, British Virgin Islands, Brunei, Cayman Islands, Cook Islands, Costa Rica, Curacao, Dominica, Faroe Islands, Finland, Gibraltar, Greenland, Grenada, Guatemala, Guernsey, Hong Kong, Iceland, Isle of Man, Jamaica, Jersey, Liberia, Liechtenstein, Macao, Marshall Islands, Mauritius, Monaco, Montserrat, Niue, Norway, Panama, Qatar, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, San Marino, Seychelles, Sint Maarten, Spain, Sweden, Turks and Caicos Islands, Uruguay, Vanuatu

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