What information do we need to establish an ApS or an IVS?


1: Name of the company

To avoid any legal issues with other companies in the future, then do yourself the favour and check, that the name is not already in use.

You can search for your company name in the public company registry (called CVR):

Link to the public company registry


2: Company legal structure

We need to know the legal structure of your new company.

Most clients choose a limited company in the form of an ApS or an IVS.

You can watch more information here below, about the differences between an ApS and an IVS:



3: Company address

An address is required to apply. Many clients use their private address in the beginning, since they often start from home without an outside office. This is not necessarily legal due to local rules about what you can use a private residence for, so, on occasion, the company registration is declined. This happens very rarely though, but if it does, you must find a new “real” company address for the company.


4: Who is establishing the company?

We need the name, address, and CPR number of the individual – or individuals – establishing the company. This could be a single person or several; we need information from all establishing participants. Those who do not have a Danish CPR number must provide their name and address.


5: ID for everyone establishing the company

For Danish residents, we’ll need a passport scan and a scan of the yellow health insurance, which lists your name and address. If you’re not a Danish resident, we need proof of your private address (scan of utility bill – electricity, phone, etc. – stating name and address), as well as a passport scan or official photo ID copy.


6: Start date

– you must designate a date for the commencement of business activities. Choose a strategic date. You’re allowed to include 18 months in the company’s first fiscal year, and we recommend you use the calendar year as your fiscal year. For example, if you start your business on December 31st, you’ll have a VAT declaration for the fourth quarter (for that 1 day), and you’ll have to submit an annual report for the whole year (even though it is only 1 day), if you choose the same year as the first year. So, in this example, January 1st would be a more strategic start-date, since you’ll then have a full year until you must submit your annual report and tax declaration. Or you could make the first fiscal year ranging from 31st of December to 31st of December the following year (365 + 1 days). Dania Accounting recommends that you consider picking the first day in a quarter to optimize planning and also reduce your costs.


7: Company statutes and purpose

– we must write statutes for the company and, within them, write a short statement about what the company will do. For example, “The company will be selling goods to private people,” or, “The company will be developing apps,” etc. We need you to write a small description of what the company will be working with, then we will add this to the statutes.


8: Who can sign for the company?

One or more individuals designated to sign on the company’s behalf – you must decide who will sign all legal documents on behalf of the company. Normally in Denmark, the managing director’s signature, alone, is needed. If the company enters into a contract – be it anything from signing up with a phone company to leasing a new car – the managing director will hold the pen. Designating two managers as signees will provide some security, and this requirement must be written into the documents when you establish the business. You need to decide having one or more signees. Dania Accounting recommends having the managing director as the only signee.


9: Managing director

Info about the managing director – A managing director must also be chosen, and if you’d like to have a board of management, the members should be designated. Your list should include the name, private address, and CPR number of the managing director (and board members, if applicable). If the managing director is not a Danish resident, we’ll only need his/her name and address. You can have more than one managing director if required, but we recommend just having one managing director and no board of management.


10: ID for the managing director

ID for the managing director – we’ll need a scan of the managing director’s passport or photo ID, as well as a copy of their yellow health insurance certificate. Those who are not Danish residents must provide proof of address (utility bill – electricity, phone, etc. – stating name and address), as well as a scan of passport or official photo ID copy.


11: Equity capital

Equity capital needed to establish the company – include in your documentation the amount of equity capital you want, which is a minimum of 50.000 DKK for an ApS and can be anywhere from 1 DKK to 49.999 DKK for an IVS. If you’re establishing an IVS, we recommend that you do not go with 1 DKK. This is because IVS and ApS companies are required to have a shareholder meeting, when they’ve spent 50% of the capital. Instead, look at your initial costs for the beginning. If you have 5.000 DKK in costs for establishing the IVS, for example, then at least 10.000 DKK should be declared as equity, because this is double your projected costs. Then you avoid the hazzle of having to do a shareholder meeting the first week after starting.


12: Owners

Info for owners – if you have multiple owners, you must list the percentage each person will own, along with the name, address, and CPR number of each owner.


13: ID of owners

ID for the owners – we’ll need a scan of the owner’s passport or photo ID, as well as a scan of their yellow health insurance certificate. Those who are not Danish residents must provide proof of address (utility bill – electricity, phone, etc. – stating name and address), as well as a passport or official photo ID copy.


14: Transfer costs to Dania Accounting


Costs for establishing an ApS:

Our fee for registering a new ApS: 2.000 DKK + VAT

Our fee for adding VAT and employer registration to the company registration, and for submitting the mandatory details about ownership of shares into the public registry of owners: 1.000 DKK + VAT

Fee paid to the government: 670 DKK (no VAT added)

Fee for the lawyer: 1.295 DKK + VAT

In total 4.965 DKK + VAT = 6.038,75 DKK

The required initial equity capital for the ApS of 50.000 DKK is tranferred to the lawyers bank account for verification.

The lawyer then will deduct his fee (1.295 DKK + VAT), and the fee for the goverment (670 DKK) from the initial equity capital.

The remaining amount of 47.711,25 DKK will be transferred to the company’s new bank account, once you have opened a bank account in a danish bank. The bank account needs to belong to the new ApS.

You can then start using the remaining initial equity capital for conducting business.

The money can be used to pay for costs etc., and does not have to be deposited into the bank account after the company registration has ended.

However there are rules that needs to be followed, in terms of what costs you can pay for.

F.ex. it has to be company costs – and owners are not allowed to withdraw money from the account.

Our fee is paid directly to us, prior to initiating the company registration, by making a bank transfer:

Amount to transfer: 3.750 DKK

Bank reg. no.: 2252
Bank account no.: 0747431973
IBAN: DK8520000747431973
SWIFT: NDEADKKK


Costs for establishing an IVS:

Our fee for registering a new IVS: 2.000 DKK + VAT

Fee paid to the government: 670 DKK + VAT

Our fee for adding VAT and employer registration to the company registration, and for submitting the mandatory details about ownership of shares into the public registry of owners: 1.000 DKK + VAT

Fee for the lawyer: 0 DKK + VAT

In total 3.670 DKK + VAT = 4.587,50 DKK

The initial equity capital for the IVS (minimum 1 DKK) is paid in cash to the new company by the owners.

Our fee is paid directly to us, prior to initiating the company registration, by making a bank transfer to:

Amount to transfer to Dania Accounting: 4.587,50 DKK

Bank reg. no.: 2252
Bank account no.: 0747431973
IBAN: DK8520000747431973
SWIFT: NDEADKKK


15: FAQ

Here you will find a series of podcasts we made, that covers the most frequent asked questions relating to incorporating a new LTD in Denmark:

Do you need a danish bank account when incorporating a limited liability company in Denmark?

What is the company income tax and dividend tax rate for limited liabilty companies in Denmark?

What is an ApS?

Do I actually need an auditor to audit my annual report?

What is an IVS?

How do you pay tax from your employees salaries?

How to submit invoices to us for booking?

How to pay VAT or how to get a VAT refund?

Do you have other questions?

Please send us an email: info@daniaaccounting.com

Listen to our podcasts, watch our videos, or visit us on social media, and learn more about us, tax, vat, how to start a company and much more:

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