Obtain a NemID signature
Agency: Danish Agency for Digitisation
The NemID can be obtained online on www.nemid.nu. A company may request up to 3 NemID signatures free of charge for its employees, and but any additional NemID signatures will be subject to a charge of DKK 80 per additional employee. The first three NemID signatures for employees are free of charge, additional NemID signatures for employees will be subject to a charge wich varies depending on which of the above solutions the company has chosen. The cost is from DKK 4.10 to DKK 81.01.
NemID consists of a user ID, password, and a key card with “keys” (time codes). When an employee logs on, he or she must enter user ID and password, and then a key from the key card. An Employee NemID key card signature indicates that the company employee is authorized to do the following:
- Contact public authorities on behalf of the company;
- Access secure government portals;
- Sign government documents and forms;
- Receive access to information that is made available by a public authority;
- Send and receive encrypted and signed emails;
- Access company’s data from government portals via home office.
Time and cost: Less than 1 day (online procedure), no charge
Deposit startup capital at a bank
Agency: Commercial Bank
A private limited company (ApS) must have a startup capital of at least DKK 50,000.00. An amount equal to 25% of the share capital, but not less than DKK 50,000.00, is required as paid-in minimum capital. According to the Danish Companies Act section 33, (1), as of March 15, 2015, upon registration, companies may deposit partial paid-in minimum capital with the bank, rather than making the lump sum deposit.
Time and cost: 1 day, no charge
Register the company with the Danish Business Authority (DBA) Webreg system
Agency: Danish Business Authority
The Danish Business Authority (DBA) provides limited liability companies with a one-stop, centralized online registration service for business and tax registration. Companies fill out a registration form and submit the Memorandum of Association and the Articles of Association at https://indberet.virk.dk/ To secure payment of the startup capital, company representatives confirm the type and amount of capital by using their NemID (digital signature).
According to an amendment from December 15, 2014 to the Danish Companies Act, companies must also register the ownership, voting rights, or pledge of 5% or more of a company’s shares in the public register of shareholders, which can be done at the same time as company registration and on the same website at https://indberet.virk.dk//
When the registration process is completed, the client receives a registration receipt via email containing a unique business identification number (CVR), which reflects business registration and tax registration. Confirmation of registration may be accessed at https://datacvr.virk.dk/data and at the electronic National Gazette (https://www.statstidende.dk/.)
According to section 48 of the Danish Value Added Tax Act, companies are required to register for VAT when turnover exceeds DKK 50,000 within a period of 12 months. In that case, registration is done through DBA at the same online portal: https://indberet.virk.dk/.
From 1 July 2018 information on beneficial owners is required to be registered in the public register of shareholders in relation to the initial registration of the company.
Time and cost: Less than 1 day (online procedure), DKK 670 (online registration)
Register as an employer with the Danish Business Authority (DBA) Webreg system
Agency: Danish Business Authority
In order to comply with the requirement to report withholding tax, companies who have employees must register as employers with the Danish Business Authority. After the company has been registered with the Danish Business Authority and has received their central business registration number (CVR-number). Once the company is registered in the Business System, it is possible to register the company as an employer on https://indberet.virk.dk/.
Time and cost: Less than one day (online procedure), no charge
Register employees with workmen’s insurance
Agency: Private Insurance Company
Employees must be insured against industrial accidents and occupational illnesses. The terms of the insurance depends on the private insurance company. The chosen insurance company must complete a form and register the insurance policy with the DBA. If the new business has a car, motor insurance must also be purchased. More information on insurance companies can be found at www.forsikringogpension.dk.
Time and cost: 1 day, no charge
