Denmark at a glance – November 2021

These emails are designed for those investing into Denmark and those who have plans to do so. We aim to keep the points short and sweet, and to merely list snippets of relevant but easy to read information.

November 2021

  1. Denmark has retained the number 1 spot in Europe on the ‘Ease of doing business ranking’ issued by the latest ranking by World Bank Group.
  2. Foreign enterprises carrying out temporary assignments in Denmark may have an obligation to register with the Register of Foreign Service Providers (RUT). This applies to foreign companies posting employees to Denmark.
  3. Denmark has been a member of the EU since 1973 and over two-thirds of its exports are to other EU member states.
  4. The Danish ‘top tax bracket’ for individuals is increasing to DKK 552,500 for 2022. An increase from DKK 544,800 for the year 2021. (1.00 EUR = DKK 7.45)
  5. The writer of fairy tales, Hans Christian Andersen, is probably one of the most famous Danes ever. He was born in 1805 and at aged 30 published an unassuming manuscript entitled ‘Fairy-tales for Children’, which is one of the most translated works of all time.
  6. A private limited company (ApS) can be registered in Denmark with a minimum capital of DKK 40,000 (EUR 5,400).
  7. Citizens of European Union countries can run a business in Denmark. There is no residency requirement for the managers of a new Danish business. This also applies to members of the Board and if relevant, Supervisory Board.
  8. In Denmark, there are 443 named islands, 76 of which are inhabited.
  9. The Danish corporate tax rate is 22%. The EU average is 20.71%.
  10. Copenhagen, capital of Denmark, currently has the accolade of being the home to the two top ranked restaurants in the world, The World’s best 50 restaurants list (#1 Noma and #2 Geranium).

This message is not given in the form of an opinion, legal opinion or tax advice. If any of the information provided is of interest or relevance to you or your company we would strongly recommend you contact us or another qualified professional for specific advice. 

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