Starting a limited liability company in Denmark

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Starting a limited liability company in Denmark
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Background 1/3

• 150.000 public and private limited liability
  companies.
• 25.000 new limited liability companies per year.
• 20.000 created online at the business portal
  Virk.dk.
• Usually, lawyers or accountants carry out a
  company registration.
• Self-service solutions at Virk.dk are options,
  not mandatory tools.

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Background 2/3

• Online company registration at Virk.dk getting
  the registration number and the authorization to
  operate (10 minutes).
• Publication of business information at Virk.dk
  (in a few seconds).
• Within half a year, most companies will register
  VAT by electronic form at Virk.dk getting the
  right to sell and buy larger amounts of goods and
  services (3 days).

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Background 3/3

• An electronic signature is the key for online
  registrations with the public authorities in
  Denmark.
• Distributed by TDC, the largest mobile
  communication company in Denmark.
• Users order it (for free) at TDCs website.

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Starting a company at Virk.dk
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Front page of Virk.dk
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Signing to start
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Founder, articles, costs
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Type and price of capital
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Accountant signing value contribution
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Completing business registration
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Receiving certificate and business number
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Publication at Virk.dk
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VAT registration at Virk.dk
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More registration tools at Virk.dk

• Registration of new company information
  management, name, address, board of directors,
  capital, articles of association (10 minutes).
• Online registration of new sole trader
  information name, address, importation, trade,
  duties (10 minutes).
• De-registration of sole traders, VAT, importation
  and other duties (10 minutes).

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Development 2003-2007
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Initiatives 2008-2009

• Mandatory to register companies online at
  Virk.dk.
• Mandatory to register new company information
  like management, adress and board of directors at
  Virk.dk.