Creating a New Limited Liability Company in Denmark (APS)

To register a new ApS company in Denmark, it's necessary to register it with the Danish Enterprise Authority (Erhvervsstyrelsen). The registration process requires a minimum paid-up share capital of DKK 40,000.

YOU CAN USE THE DEPOSITED SHARE CAPITAL FOR COMPANY EXPENSES

The share capital that is deposited in a new ApS company belongs to the company and not its owners. The equity can be utilized by the company for expenses, salaries, and dividends.

DO NOT BORROW MONEY FROM THE COMPANY IF YOU ARE THE OWNER

While it may not be technically illegal, it is generally not recommended for company owners to borrow money from the company. This is because the taxation associated with it is usually very unfavorable.

MANAGEMENT

An ApS company in Denmark can have one or multiple directors, and there is no restriction on the owners also serving as directors. The directors can be either residents or non-residents of Denmark.

OWNERS

An ApS company in Denmark can have one or more owners, and the directors of the company can also be owners. The owners can be either residents or non-residents of Denmark.

DEPOSITING SHARE CAPITAL

When setting up a new ApS company in Denmark, you can choose to deposit the minimum required capital of DKK 40,000 in cash or non-cash assets. Depositing cash is the simplest and fastest method, while non-cash deposits, such as cars, goods, or inventory, are more complex and costly. Non-cash deposits require an auditor to verify the value of the items, and the auditor's fee can range from DKK 5,000 - 15,000 + VAT. It can also be challenging to find an auditor willing to perform this type of audit. Therefore, it is usually recommended to invest the required equity in cash and sell any assets to the company later if needed. This is the easiest and most cost-effective solution.