{"id":14423,"date":"2025-02-13T10:09:09","date_gmt":"2025-02-13T09:09:09","guid":{"rendered":"https:\/\/your-adviser.dk\/zaczynasz-prace-w-danii-oto-co-musisz-zalatwic-na-starcie-2\/"},"modified":"2025-03-22T09:45:10","modified_gmt":"2025-03-22T08:45:10","slug":"sole-proprietorship-in-denmark-what-to-know","status":"publish","type":"post","link":"https:\/\/your-adviser.dk\/en\/firma-jednoosobowa-w-danii-co-warto-wiedziec\/","title":{"rendered":"A sole proprietorship in Denmark - what is worth knowing?"},"content":{"rendered":"
\n
\"\"
One-person company in Denmark - Enkeltmandsvirksomhed (EMV)<\/figcaption><\/figure>\n<\/figure>\n\n\n\n<\/span>\n\n\n\n\n\n

What is a sole proprietorship?<\/strong><\/p>\n\n\n\n

Many people choose to start a sole proprietorship (Enkeltmandsvirksomhed abbreviation EMV). <\/em>As a first step toward independent business. A sole proprietorship means that one individual is the owner.<\/p>\n\n\n\n

\ud83d\udca1 However, this does not mean that only one person can work in a sole proprietorship - nothing prevents you from hiring employees. The name \u201eone-person\u201d refers only to the issue of ownership.<\/p>\n\n\n\n

Advantages and disadvantages of running a sole proprietorship<\/strong><\/h4>\n\n\n\n

Running a sole proprietorship has its pros and cons. It is worth knowing them before making a decision.<\/p>\n\n\n\n

Advantages<\/strong><\/h5>\n\n\n\n

\u2705 No registration costs - setting up a business is free,
\u2705 No initial capital requirement (In the case of a partnership in Denmark, Aps is DKK 20,000),<\/em>
\u2705 No obligation to audit annual reports (revision af regnskaber)<\/em>,
\u2705 No need to file annual financial statements, the company's financial performance is not visible to the public,<\/p>\n\n\n\n

Disadvantages<\/strong><\/h5>\n\n\n\n

\u274c As the owner of a sole proprietorship, you are responsible for its debts with your own private assets,
\u274c You can be the sole owner - a sole proprietorship does not allow for joint ownership.<\/p>\n\n\n\n

How to start a sole proprietorship?<\/strong><\/h4>\n\n\n\n

Starting a sole proprietorship is quick, easy and completely free. If you want to start your own business, all it takes is a few steps:<\/p>\n\n\n\n

    \n
  1. Visit virk.dk<\/a> and click \u201eStart virksomhed\u201d,<\/li>\n\n\n\n
  2. Log in with MitID,<\/li>\n\n\n\n
  3. Choose the form of business: \u201eEnkeltmandsvirksomhed\u201d (sole proprietorship),<\/li>\n\n\n\n
  4. Provide your personal information (name, surname, address, etc.), as well as information on VAT registration and other tax obligations,<\/li>\n\n\n\n
  5. Click \u201eOK.\u201d.<\/li>\n<\/ol>\n\n\n\n

    Once registration is complete, you will receive a CVR (Central Business Register) number for your e-Box usually within a few days.<\/p>\n\n\n\n

    Attention! <\/strong>If you are collecting unemployment benefits (dagpenge)<\/em> or other benefits and you want to run a company in addition, make sure to check with the office that pays the money to see if you can do so.<\/p>\n\n\n\n

    What requirements must a sole proprietorship meet?<\/strong><\/h4>\n\n\n\n

    Many entrepreneurs opt for a sole proprietorship because its registration does not require any initial capital - unlike limited liability companies (ApS) here the minimum capital is DKK 20,000 or joint stock companies (A\/S) - minimum capital is DKK 400,000.<\/p>\n\n\n\n

    There is also no obligation to appoint a management or supervisory board - all decisions are made by the Owner.<\/strong><\/p>\n\n\n\n

    However, a sole proprietorship must meet certain basic legal requirements:<\/p>\n\n\n\n