Legal Entities in Denmark

Type of Legal Entities:  AS (aktieselskab) is similar to a public limited company; ApS (Anpartsselskab) is similar to a private limited company.

Minimum Capital Requirements: AS – 400 000 DKK (or the EUR equivalent); ApS – 50 000 DKK (or the EUR equivalent).

The minimum share capital may be paid in cash or by way of a contribution of other assets. Under the new corporate rules that have taken effect, it is possible to set up a private limited company by contributing a minimum share capital of only DKK 50,000. No capital duties or share transfer duties are payable.

Time: up to 2 weeks.

Citizenship of directors/shareholders to keep the residence of the company.There are no requirements for residence of managing directors or members of the board of directors in a Danish company. Nominee has to be Danish. 

Brief characteristics of Danish entities

 

Danish Public Limited Company Aktieselskab (A/S)

Danish Private Limited Company Anpartsselskab (ApS)

Minimum share capital

400.000 DKK, however, it is sufficient to have 25%of the share capital paid in at the formation of the company

50.000 DKK

Management

Two-tier management is mandatory. This means that an A/S must have either:

1. both a board of directors and a management board, or

2. supervisory board and a management board.

No residence requirement

Can choose between the two-tier system and one-tier system. According to the one tier-system it is sufficient with only one chief executive officer/managing director.

No residence requirement

Board of directors

Minimum three members

One member sufficient

Name of company

Must contain “aktieselskab” or the abbreviation “A/S”

Must contain “anpartsselskab” or the abbreviation “ApS”

Accounting

Must prepare financial statement which has to be filed at the Danish Commerce and Company Agency within five months from the end of the financial year

Must prepare financial statement which has to be filed at the Danish Commerce and Company Agency within five months from the end of the financial year

Auditing

The financial statement shall be audited, however, smaller companies can choose not to have its financial statement audited under some circumstances

The financial statement shall be audited, however, smaller companies can choose not to have its financial statement audited under some circumstances