Denmark

Operating a business

Different types of companies	Number of partners/shareholders	Maximum and/or minimum capital	Liabilities	Registration fees
Anpartselskab ( ApS) is a Private Limited Company	Minimum 2 partners Maximum 50 shareholders.	Minimum DKK 125000, totally subscribed and released.	Liability is limited to the amount contributed.	About DKK 2300 + 0.4% of the authorized capital
Aktieselskab ( A/S) is a public limited company.	Minimum 3 partners NB: At least 1 of them has to live in Denmark or to be a citizen of one of the European Union countries.	Minimum DKK 125000, totally subscribed and released.	Liability is limited to the amount contributed.	About DKK 3000 + 0.4% of the authorized capital
Interessentskab ( I/S) is a general partnership.	Minimum 2 partners.	No minimum capital.	Partners' liability is indefinite and several.	Lower expenses as compared to a ApS
Kommanditselskab ( K/S) is a limited partnership.	Two types of partners: active partners and sleeping partners	No minimum capital.	Liability of active partners is unlimited. Liability of sleeping partners is limited to the amount contributed.	Lower expenses compared with a ApS

Business setup procedures: The creation of an ApS or a A/S requires several formalities:
The articles of incorporation include a constitution charter, drawn up and signed by the founders. Names and addresses of founders, members of the Board of Directors have to be specified.
The competent organization: The Danish Commerce and Companies Agency (DCCA) handles the registration of the company and issues a CVR-number.

Legal weekly duration: 37 hours
Retirement age: 65
Working contracts: Permanent contract, fixed-term contract, training contracts.

Minimum wage: No legally mandated national minimum wage. Collective agreements are the main mechanism used for regulating low pay.
Average wage: USD 24000 a year.
Social contributions

Bargaining power: Many employers are members of the Danish Employers’ Confederation (Dansk Arbejdsgiverforening/DA) or one of the special employers’ associations (e.g. the Financial Sector or Agriculture). Employees are often members of the relevant trade union (Metal Workers, Commerce and Office etc), although most of these unions are also members of the ”umbrella” employee confederation, The Danish Federation of Trade Unions (Landsorganisationen/LO), a service organisation that undertakes to negotiate or co-ordinate various matters common to all trade unions. The labor market is thus to a very large degree regulated by collective agreements.
Unions
Unionization rate: 80%
Labor regulation bodies: Danish Employers' Confederation (DA)
National Labor Market Authority