Step-by-step guide to starting a business in denmark
The guide considers the various business vehicles you may wish to set up in Denmark and aims at addressing some of the main considerations that may be of relevance, such as hiring of staff, renting of office premises, and intellectual property rights. The guide also deals with the regulatory and business framework, how profits and tax are treated, as well as with insolvency and litigation matters.
However, the guide will not provide comprehensive legal advice on applicable laws or other issues in connection with establishing and doing business in Denmark. Prior to any steps towards establishing a business in Denmark, you should seek specific professional legal advice.
This guide has been prepared by a team of Danish lawyers from NJORD Law Firm. NJORD Law Firm is a leading law firm with a strong presence in the Nordic and the Baltic Sea Area. We provide legal services within all areas of corporate and commercial law with an emphasis on international transactions.
Denmark is an easy place for doing business because of the cost-effective labour market, well-connected infrastructure and innovative environment.
WHY INVEST IN DENMARK?
Denmark is a country with political stability and a well-functioning public sector.
We are internationally oriented with a flexible labour market, e.g. short terms of notice and high education standards
Denmark has a high industrial productivity and profitability
Denmark has one of Europe’s most efficient distribution systems.
You will find good IT and telecom infrastructure.
Denmark has an ideal geographical location in relation to Scandinavia, Northern Europe, and the Baltic Sea Region.
The workforce is competitive, with good language skills, and personal and industrial IT usage is sophisticated.
The managerial skills are suited to a global high-tech economy.
The Danish Government has created an excellent climate and motivation for innovative businesses and entrepreneurs.
ANY FURTHER QUESTIONS?
We hope that the information in this guide has proved useful in providing a brief overview on how to establish a business in Denmark, the options available to companies, and their rights and obligations when conducting and doing business in Denmark.
Should you require further information with regard to any of the matters dealt with in this guide, or if you have specific concerns or questions, please do not hesitate to contact us.
NJORD Law Firm has a track record in domestic and cross-border M&A and has seen a recent uptick in private equity and venture capital investment work. Spearheaded by Jens Christian Dreyer, the group also receives equity fundraising, corporate restructuring and shareholder instructions; it has particular experience in drafting shareholder agreements for its cross-sector client roster.
Great and competent team. They prioritise getting to know the client in order to get a full understanding of the company needs and provide the best legal advice. NJORD had advised us on different legal aspects of our business, always with great professionalism and competence in a way that fully met our needs.
NJORD Law Firm provides ‘a high level of expertise’ paired with ‘valuable advice’ and ‘excellent and professional service level’. Lars Lokdam and René Lykke Wethelund are key contacts for M&A work; Lokdam advised Philips on its sale of Philips BioCell through a management buy-out, and Wethelund assisted Enghouse Systems with its purchase of shares in SimaTech. Jens Christian Dreyer leads the team and is ‘very reliable’ and accessible 24/7’
With six offices spanning the Nordic region, NJORD Law Firm serves a roster of domestic and international clients, with its recent area of focus being private equity and venture capital investments. Practice head René Lykke Wethelund uses his ‘sharp mind‘ to represent international stakeholders in foreign liaison matters. ‘Outstanding M&A lawyer‘ Jens Christian Dreyer advises investors and growth businesses on real estate M&A, capital raisings and the negotiation of the related agreements.
NJORD Law Firm is home to a varied practice which regularly represents large brand names, such as Coca-Cola, Louis Vuitton and L’Oréal. Thomas Ryhl and Jeppe Brogaard Clausen jointly head up the practice from Copenhagen, alongside Tom Jensen, who leads the team from Silkeborg. Rhyl has over 27 years’ experience and specialist knowledge in litigating cases concerning competition, procurement, and pharmaceuticals law, while Clausen often represents brand owners in cases concerning counterfeits and passing off issues. Ulla Fabricius often appears before the Maritime and Commercial High Court and the Supreme Court and is an expert in transport and shipping matters. Robert Mikelsons has ample experience in international tax, VAT and indirect tax litigation, and Rasmus Paus Torp joined the team from Bech-Bruun in 2021 and specialises in insurance, product and professional liability litigation.