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flag Denmark Denmark: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

Anpartselskab (ApS) is a Private Limited Company
Number of partners: One or more
Capital (max/min): Minimum DKK 80,000 totally subscribed and released.
Shareholders and liability: Liability is limited to the amount contributed.
Aktieselskab ( A/S) is a public limited company.
Number of partners: One or more
Capital (max/min): Minimum DKK 500,000 totally subscribed and released.
Shareholders and liability: Liability is limited to the amount contributed.
Interessentskab ( I/S) is a general partnership.
Number of partners: One or more
Capital (max/min): No minimum capital.
Shareholders and liability: Partners' liability is indefinite and several.
Kommanditselskab ( K/S) is a limited partnership.
Number of partners: One or more. Two types of partners: active partners and sleeping partners
Capital (max/min): No minimum capital.
Shareholders and liability: Liability of active partners is unlimited. Liability of sleeping partners is limited to the amount contributed.
The Competent Organization
The Danish Commerce and Companies Agency (DCCA) handles the registration of the company and issues a CVR-number.
Search a Company or a Financial Report
Danish Exporters, Company and Product Research
Central Business Register
 
Setting Up a Company Denmark OECD
Procedures (number) 4.0 5.0
Time (days) 6.0 12.0

Source: Doing Business.

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Denmark.
Central Business Register (CVR)

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The Active Population in Figures

201120122013
Labor force 2,851,0002,848,0002,795,000

Source: CIA - The world factbook

 
200920102011
Total activity rate -65.40%64.40%
Men activity rate 70.60%69.40%69.10%
Women activity rate 60.30%60.00%59.80%

Source: UN - United Nations

 
Employed Persons, by Occupation (% of Total Labor Force) 2008
Health and Social Work 18.3%
Manufacturing 15.1%
Real Estate, Renting and Business Activities 10.3%
Education 7.4%
Construction 6.8%
Transport and Storage 5.6%
Hotels and Restaurants 2.9%
Agriculture, Hunting and Forestry 2.6%
Electricity, Gas and Water Supply 0.6%
Mining and Quarrying 0.1%

Source: International Labor Organization (ILO)

 

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Working Conditions

Legal Weekly Duration
37 hours
Retirement Age
65
Working Contracts
Permanent contract, fixed-term contract, training contracts.
Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

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Cost of Labor

Minimum Wage
No minimum wage exists. Collective agreements are the main mechanism used for regulating low pay.
Average Wage
Gross average monthly wage of men: DKK 39,297 (source: ILO, 2010);
Gross average monthly wage of women: DKK 33,416 (source: ILO, 2010).

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Social Partners

Social Dialogue and Involvement of Social Partners
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
75%
Labor Regulation Bodies
Danish Employers' Confederation (DA)
National Labor Market Authority

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Last Updates: January 2015