Starting a business in Denmark is a straightforward process, but it requires you to follow some important steps to obtain your CVR number and get started properly. Whether you want to establish a sole proprietorship or a private limited company (ApS), it is essential to register the business correctly, ensure you have the necessary permits, and set up a business account.

1. Choose your business type

Before registering your business, you must decide which type best suits your business model. The two most common types in Denmark are:

Sole proprietorship

• Ideal for small businesses and freelancers.
• No minimum capital requirement.
• The owner is personally liable for the company’s debts.
• Registration is done via Virk.dk.

Private limited company (ApS)

• Suitable for businesses seeking limited liability.
• Requires a minimum capital of DKK 40,000.
• The company is a separate legal entity.
• Must be registered with articles of association and ownership details on Virk.dk.

2. Register your business on Virk.dk

Once you have chosen a business type, you must register your company on Virk.dk. The process consists of the following steps:

• Create a user account on Virk.dk if you don’t already have one.
• Fill out the registration form with company details.
• If registering an ApS: Upload company documents such as articles of association and ownership records.
• Receive your CVR number, which is the official business registration number.

Once your business is registered and has received a CVR number, the next step is to set up a business account.

3. Open a business account

To receive payments and manage your finances, you need a business account. Many traditional banks have long processing times and complex requirements, and outdated user applications. Digital neobanks offer a fast and simple solutions but you need to make sure local DKK accounts are provided..

What to consider when choosing where to apply for a business account::

• Fast signup and approval. Start your application immediately after CVR registration.
• Local DKK account. Avoid currency fees and delays.
• Direct integration with accounting systems such as e-conomic, Dinero, and Billy.
• Easy tax payments. Transfers directly to SKAT.
• Modern applications for iOS, Android and web platforms
• MitID support for convenience and enhanced security

4. Register for VAT and taxes

Once your business is registered and your business account is set up, you must ensure compliance with tax obligations:

• VAT registration: If your revenue exceeds DKK 50,000 per year, you must register for VAT via Virk.dk.
• Employer registration: If you have employees, you must register as an employer with SKAT.

5. Start your business

After completing these steps, you are ready to operate your business in Denmark. With a local business account and a solid business structure, you can quickly start invoicing customers, paying suppliers, and ensuring compliance with all legal requirements.

Need a business account?

A fast and secure business account via Zento allows you to receive payments, pay suppliers, and comply with tax regulations in Denmark.

Apply for your account via Zento today and get started quickly.