0 corporation tax in Denmark | Scandinavian "zero tax" company

0 corporation tax in Denmark

Our expertise in Scandinavian corporate law allows us to be able to present this model, which is unknown outside of Denmark, but is extensively used nationally; thus, in the Danish company register, one can see a growing number of companies that include persons with foreign addresses.

Capital requirements	0 (it is not required to pay up capital)
Audit requirements	Yes
VAT ceiling	The company is not VAT registered
Tax	0 on income outside of Denmark
Hidden ownership	Yes

(Fee for the 2nd year is €2,200.00 covering the address, audit, and nominal general partner)

This company structure is best-known in the USA where, for example, the Delaware LLC is a commonly known type of offshore company. Unfortunately, it is more difficult to open a bank account with a Delaware LLC and today, it is perceived to be in line with BVI and other offshore regions.

Scandinavia is characterized as the "el dorado" of Europe, and Denmark, which has had full EU membership since 1973, has one of the strongest economies in Europe. This means that Danish companies enjoy great respect internationally – a trademark, which can be beneficial to you. This type of company allows taxation to be separated from operations; therefore, taxation is equal to zero because taxation occurs offshore.

A Danish K/S has 2 company participants:

• the general partner who is liable to all creditors and is the company signatory, and
• the limited partner who is not liable for debt but is obliged to pay tax on company profits (in the country where the limited partner resides).

The tax is dependent upon where the limited partner resides, and our package solution includes an IBC registered in The Seychelles. The general partner is nominal.

There shall maintain a Danish company address, be audited annually in Denmark, and submit annual reports to the Central Business Register, but a tax return does not need to be filed as the company is not liable for tax in Denmark.

The company papers are signed by the director, who also has a power of attorney for the company account. The director may not reside in Denmark.

Our package includes the following:

• a Danish company name of choice, registered and searchable in the local and EU company registers;
• a business account in an EU-licensed bank – account number is issued on the same day;
• a newly registered IBC which enters as the limited partner and is tax liable for the company;
• a nominal general partner (we enter an offshore company as general partner);
• a certified and translated copy of the memorandum of association;
• a certified and translated copy of the articles of association;
• a certified and translated copy of the abstract of the signature authorization agreement;
• one general power of attorney to allow one to enter into agreements on behalf of the company – certified at Notarius Publicus in Odense, and
• an address in Copenhagen, Denmark for a period of 1 year.

Nominees... then what?

The use of nominees allows you to remain anonymous even though you actually own the company. But how do you actually protect yourself when you transfer the ownership to a third-party? Quite simple...

1. The nominal general partner signs a “Declaration of Trust” which confirms to the bank and others whom you might show it to that you are the actual owner of the company.
2. The nominal general partner signs a ”general power of attorney” which confirms to the bank and others that you have power of attorney to sign on behalf of the company.
3. The bank has a form 223, in which the final ownership is confirmed to the bank. Thus, the nominal owner cannot “steal” your money, since the bank knows that you are the actual owner.

Order online - Only €4,200.00

 

K/S Company

Order Online - Only 4200 €

Order your company in Denmark here

Nominee

Nominee directors and owners assure your anonymity in all types of companies, and there are a number of documents that ensure your ownership status.

Nominee director - the nominee director is the actual director in the company. When you buy the company from us you receive an undated notice and a declaration of intent from the director, so that you at any time can replace your director without any problems.

Nominee owner - the nominee owner is the actual owner of your company, and to protect your assets you receive a declaration of trust that combined with a General Meeting protocol to your bank appoints you as the only person authorised to bind your company. Depending on the bank you work together with the nominee owner also signs a power of attorney declaration to the bank, which may be worded like this:

General Power of Attorney
– with a comprehensive general power of attorney issued by the nominee director; with that you can yourself open new bank accounts and issue new powers of attorney according to demand.