Download - 31th of March 2008 – Warsaw – Torsten Grunwald Starting a limited liability company in Denmark
31th of March 2008 – Warsaw – Torsten Grunwald
Starting a limited liability company
in Denmark
31th of March 2008 – Warsaw – Torsten Grunwald2
Background 1/3
• 150.000 public and private limited liability companies.
• 25.000 new limited liability companies per year.
• 20.000 created online at the business portal Virk.dk.
• Usually, lawyers or accountants carry out a company registration.
• Self-service solutions at Virk.dk are options, not mandatory tools.
31th of March 2008 – Warsaw – Torsten Grunwald3
Background 2/3
• Online company registration at Virk.dk: getting the registration number and the authorization to operate (10 minutes).
• Publication of business information at Virk.dk (in a few seconds).
• Within half a year, most companies will register VAT by electronic form at Virk.dk: getting the right to sell and buy larger amounts of goods and services (3 days).
31th of March 2008 – Warsaw – Torsten Grunwald4
Background 3/3
• An electronic signature is the key for online registrations with the public authorities in Denmark.
• Distributed by TDC, the largest mobile communication company in Denmark.
• Users order it (for free) at TDC’s website.
31th of March 2008 – Warsaw – Torsten Grunwald5
Starting a company at Virk.dk
31th of March 2008 – Warsaw – Torsten Grunwald6
Front page of Virk.dk
31th of March 2008 – Warsaw – Torsten Grunwald7
Signing to start
31th of March 2008 – Warsaw – Torsten Grunwald8
Founder, articles, costs
31th of March 2008 – Warsaw – Torsten Grunwald9
Type and price of capital
31th of March 2008 – Warsaw – Torsten Grunwald10
Accountant signing value contribution
31th of March 2008 – Warsaw – Torsten Grunwald11
Completing business registration
31th of March 2008 – Warsaw – Torsten Grunwald12
Receiving certificate and business number
31th of March 2008 – Warsaw – Torsten Grunwald13
Publication at Virk.dk
31th of March 2008 – Warsaw – Torsten Grunwald14
VAT registration at Virk.dk
31th of March 2008 – Warsaw – Torsten Grunwald15
More registration tools at Virk.dk
• Registration of new company information: management, name, address, board of directors, capital, articles of association (10 minutes).
• Online registration of new sole trader information: name, address, importation, trade, duties (10 minutes).
• De-registration of sole traders, VAT, importation and other duties (10 minutes).
31th of March 2008 – Warsaw – Torsten Grunwald16
Development 2003-2007
Registration of Danish companies
0
10
20
30
40
50
60
70
80
90
100
2003 2004 2005 2006 2007
Year
Per
cen
tag
e
Online
Paper form
31th of March 2008 – Warsaw – Torsten Grunwald17
Initiatives 2008-2009
• Mandatory to register companies online at Virk.dk.
• Mandatory to register new company information like management, adress and board of directors at Virk.dk.