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Copenhagen
is the capital of the Kingdom of
Denmark,
a member of the European Union, and
located in the middle of Scandinavia. As such it is the ideal location for
setting up business in the region. Copenhagen is also the right
location for businesses wishing to extend their business into the Baltic
area.
The infrastructure of Denmark is highly developed, and one of the latest
improvements is the completion of the Øresund bridge between Copenhagen and
Malmö. This has established a full integration of the region as well as easy
access to the southern part of Sweden,
which has the highest concentration
of businesses in Sweden.
Copenhagen
has become known as a leading city within bioscience
and is the home of
"Medicon Valley", an area in which more than 100 different biotech companies
have already set up business.
Denmark is also one of the prime locations for e-business,
IT-development companies,
and other
service-focused businesses to set up
successfully.
The main factors contributing to this position are the highly qualified Danish
labor force, the flexibility
and
foreign language ability of the labor force,
easy access to the European internal market, advantageous regulations for
foreigners, and low office rental rates.
Most companies set up their business through a branch registered with the
Commerce and Companies Agency or through a subsidiary
in the form of either an
A/S or an ApS, which are both types of limited liability companies.
Share transfers, corporate restructurings, changes in management, record
keeping, corporate articles and bylaws, and various other corporate housekeeping
matters, are straightforward.
Since 1999 Denmark has offered a very
attractive holding company
regime.
The Danish holding taxation rules make
Denmark a very advantageous country in which to establish a holding company.
Profits received from a subsidiary, or paid to a parent company, will
normally be exempt from
tax, and since Denmark is a country with "a normal
domestic taxation regime", a holding vehicle set up in Denmark will normally
be considered more acceptable to most foreign tax authorities than certain more
exotic "offshore tax havens". This
makes Denmark a unique country with regard to international corporate tax
planning.
Dividends distributed to
a parent company in the US will generally be exempt from withholding taxation.
Denmark has income tax treaties with approximately 58 countries outside the EU
including the USA.
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