Denmark - K/S/Other jurisdictions

Denmark is a highly developed EU country, a jurisdiction with a standard level of taxation (income tax in Denmark is 25%), which does not carry any signs of a “tax haven”. At the same time, Danish legislation provides for the possibility of registering and using Danish companies with a zero tax rate. Such advantages are enjoyed by companies like K / S, which are becoming more and more popular with entrepreneurs every year.
Danish companies K / S with foreign founders that do not conduct business in Denmark are not subject to taxation here. According to the tax laws of Denmark, K / S companies are not considered in this country as separate tax items. In this regard, K / S companies are not provided for obtaining a taxpayer number in Denmark, and taxes from K / S received by the company - in proportions according to their interests in K / S - must be paid by its founders at the place of their residence.

A company of type K / S is a partnership that has at least two founders. One of the founders is given the status of the main partner ('' General Partner ''), the rest - the standard status ('' Limited Partners ''). Normally, the default legislation provides that the governing body of K / S is its General Partner. At the same time, there are no restrictions on the appointment of additional persons to the positions of directors or managers, however, in this case, the General Partner is primarily responsible for the commercial activities and financial obligations of K / S.

K / S company registration procedure is carried out by the Danish business register – DCCA (Danish Commerceand Companies Agency).
  • Basic information
    about jurisdiction

    Area – 43.075 кв. км
    Population – 5.450.000
    Government – monarch
    Capital – Copenhagen
    Official language – danish
    Official currency – danish krone (DKK)
    Zone time – GMT+1
  • Company type

  • Directors of the company

    Quantity: at least 2
    Status: Individuals and legal entities (General Partner can not simultaneously be a GP for several K/S)
    Residents: residents of any country
    Information on founders: only in the Register of Enterprises of Denmark
    Nominee founders: allowed  
  • Company Shareholders

    Legislation does not provide for shareholder status in K / S companies.
  • Company Secretary

    There are no requirements for the position of secretary.
  • Share capital

    Standard declared capital - 1.000 EUR. Capital must be paid in full before the end of the fiscal year.
  • Company Name

    Must end with the abbreviation "K / S". Registration of names containing the words "Bank", "Insurance", "Trust", etc., is allowed only after obtaining the appropriate licenses.  
  • Information about the real owner of the company

    Information about the real owner is submitted only to the registered agent and is confidential.
  • Annual Return

    Report (Annual Return) is submitted annually.
  • Financial Statement

    Financial Statement in the business register is submitted annually.
  • Taxation

    Taxation of K / S companies with non-resident founders - 0%.  
  • Double tax treaties

    Since K / S companies are not taxpayers in Denmark, they are not subject to the interstate treaties concluded by Denmark.
  • The term of registration of a new company

    20-25 business days; The term of receipt of the full package of documents is 7-8 weeks.
  • Acceptance of third-party companies for servicing FIVECONSULT

    Only in consultation with the previous serving agent in Denmark.
  • Set of constituent documents of the company

    1) registration certificate - an extract from the database of the Register of Enterprises of Denmark in Danish (Sammenskrevet resume) with complete information about the company: name, address, information on nominal founders, activities;
    2) charter / constituent agreement (Limited Partnership Agreement) in Danish, signed by the founders of the company;
    3) translation of both documents mentioned in paragraph 1 and 2 into English;
    4) meeting protocol officials (Minutes of Meeting of officers) with the decision on the legal address, the appointment of officials, and others;
    5) General a power of attorney (General Power of Attorney) - is filled in for a specific person when buying a company;
    6) agreement on nominee service (Agreement for the nominees);
    7) interest certificates, signed by nominee directors;
    8) company stamp.
  • "Ready-made" companies

    We are ready to register this type of company for your order.
  • FIVECONSULT Comment:
    Registering a K / S company in Denmark is a great opportunity to ensure the operation of a real tax-free company in a prestigious European country. In this case, the property or income of K / S without any tax charges may be reflected in its annual financial statements, which may be required, for example, to register a subsidiary in another country or to receive a loan from a bank. At the same time, while creating the optimal corporate structure of the company, according to Danish law, the income or property indicated in the reports will be free from taxation.
    Since the same General Partner cannot be appointed in several K / S, then, along with the acquisition of any K / S company, its own General Partner, an offshore company (Belize, Panama, etc.), is also acquired. Since in the future, it is the General Partner that will have to promptly endorse annual reports, tax returns and other documentation of the Danish company K / S, only the company with FIVECONSULT directors can act as a General Partner.