{"id":14525,"date":"2025-01-13T10:09:09","date_gmt":"2025-01-13T09:09:09","guid":{"rendered":"https:\/\/your-adviser.dk\/firma-jednoosobowa-w-danii-co-warto-wiedziec-2\/"},"modified":"2025-03-21T09:50:38","modified_gmt":"2025-03-21T08:50:38","slug":"one-man-company-in-denmark-pmv","status":"publish","type":"post","link":"https:\/\/your-adviser.dk\/en\/firma-jednoosobowa-w-danii-pmv\/","title":{"rendered":"Have a business idea? Take the first step with PMV and grow at your own pace"},"content":{"rendered":"
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One-person company in Denmark - Personligt ejet mindre virksomhed (PMV)<\/figcaption><\/figure>\n<\/figure>\n\n\n\n<\/span>\n\n\n\n\n\n

Are you thinking about starting your own business in Denmark<\/strong>, but not sure if it's the right time? \ud83d\udcad<\/p>\n\n\n\n

Thanks to PMV - Personligt Ejet Mindre Virksomhed<\/strong> you can try your hand at business without much cost, without much bureaucracy, and without start-up commitments<\/strong>. \ud83d\ude80<\/p>\n\n\n\n

This is ideal for:
\u2714\ufe0f freelancers,
\u2714\ufe0f craftsmen,
\u2714\ufe0f service providers,
\u2714\ufe0f and anyone who wants to legally test your idea on the Danish market \ud83c\udde9\ud83c\uddf0<\/strong>.<\/p>\n\n\n\n

In this article you will learn:
\ud83d\udc49 How PMV works,
\ud83d\udc49 what you can gain from it,
\ud83d\udc49 and how to set it up.<\/p>\n\n\n\n

<\/h4>\n\n\n\n

What is PMV?<\/h4>\n\n\n\n

PMV<\/strong> is a small one-person company - is the smallest and simplest type of company you can start in Denmark. <\/p>\n\n\n\n

Do you have a full-time job, but dream of something more? \ud83d\udca1 PMV is a great option to safely develop your own project, make extra money after hours or test your idea on the Danish market - without big costs and without hiring employees. <\/p>\n\n\n\n

But choosing this type of business has its advantages and disadvantages.<\/p>\n\n\n\n

Advantages and disadvantages of running a sole proprietorship<\/strong> PMV in Denmark<\/h4>\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,
\u2705You save time because you don't have to deal with VAT accounting(Moms),<\/em>
\u2705You can offer lower prices to customers and be more competitive, or earn more because you don't have to add VAT to your invoices.

<\/p>\n\n\n\n

<\/p>\n\n\n\n

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

\u274c You can achieve a maximum turnover of DKK 50,000 per calendar year,
\u274c As the owner of a sole proprietorship, you are responsible for its debts with your own private assets,
\u274c You can only be the sole owner - a sole proprietorship does not allow for joint ownership,
\u274c You cannot have employed workers,
\u274c No imports or exports to countries outside the EU,
\u274c Your company must not have a so-called afgift, including l\u00f8nsumsafgift or punktafgift,
\u274c You should renew your company registration every three years.<\/p>\n\n\n\n

\ud83d\udccc If you exceed certain limits (e.g., turnover or scope of operations), you will have to transform your company - most often into a sole proprietorship (enkeltmandsvirksomhed)<\/mark><\/a> Or, for example, a limited liability company. (ApS) about which later in the article.<\/p>\n\n\n\n

Who can set up a PMV?<\/strong><\/h4>\n\n\n\n

Virtually anyone can start a business in the form of P<\/strong>ersonligt Ejet Mindre Virksomhed (PMV) in Denmark. <\/p>\n\n\n\n

The requirements are minimal and most people easily meet them:<\/p>\n\n\n\n

\u27a4 You must have completed 18 years<\/strong>,
\u27a4 Have registered address in Denmark<\/strong>,
\u27a4 Have been granted Danish CPR number<\/strong>,
\u27a4 Be owner<\/strong> assumed PMV activities.<\/p>\n\n\n\n

\n\n\n\n

<\/p>\n\n\n\n

How to set up a PMV?<\/strong><\/h4>\n\n\n\n

How to start a sole proprietorship?<\/strong><\/p>\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\u00a0virk.dk<\/mark><\/a>\u00a0and click \u201eStart virksomhed\u201d,<\/li>\n\n\n\n
  2. Log in with MitID,<\/li>\n\n\n\n
  3. Select the form of business: \u201ePMV\u201d,<\/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 your 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

    Does a PMV need to have a bank account?<\/strong><\/h4>\n\n\n\n


    It is not an absolute requirement for a small private company (PMV) to have a company bank account. However, it is worth considering the benefits of establishing one. <\/p>\n\n\n\n

    Most banks do not allow business transactions through a private account. <\/p>\n\n\n\n

    So a business account may be necessary to clearly separate private and business transactions, a business bank account may also be foreign, such as Revolut.<\/p>\n\n\n\n


    It is also worth mentioning that for any type of business, including (PMV), having an associated NemKonto account is a requirement. It is necessary to provide government agencies with an official place to send money for your business (e.g., tax refunds)<\/em>, if necessary, therefore having a separate business account is a good idea.<\/p>\n\n\n\n

    It is important to familiarize yourself with the offerings of different banks, as both opening and maintaining a business account may involve additional costs, such as the cost of opening a business account and a monthly subscription. It's worth consulting your needs with several banks to find the best solution for your PMV. <\/p>\n\n\n\n

    <\/p>\n\n\n\n

    Taxes in a sole proprietorship<\/strong><\/h4>\n\n\n\n

    A sole proprietorship pays income tax on its profit. The owner accounts on the same basis as an individual, which means that he pays tax on the full amount of income.<\/p>\n\n\n\n

    \n
    Example<\/strong> (simplified):<\/h6>\n\n\n\n
    Jan runs a one-man registered construction company. In 2025, his revenue (the amount of money the company earned) was\u00a040,000 DKK<\/strong>, and operating costs, such as materials and tools, amounted to\u00a010,000 DKK<\/strong>\u00a0.<\/h6>\n\n\n\n
    Income calculation:
    DKK 40,000 (revenue) - DKK 10,000 (costs) =.\u00a030,000 DKK\u00a0<\/strong>(income before taxes).<\/h6>\n\n\n\n
    As a sole proprietor, Jan does not pay tax as a company, but settles like an individual<\/strong>. This means that his income is subject to the same tax rules as for a salaried person.<\/h6>\n<\/blockquote>\n\n\n\n

    If your business has losses, you can deduct them from your own income or your spouse's income<\/p>\n\n\n\n

    <\/h4>\n\n\n\n

    What should I do if my PMV turnover exceeds DKK 50,000?<\/h4>\n\n\n\n


    If your private small business (PMV) achieves a turnover of more than DKK 50,000 in a calendar year period you must change your business from PMV, most often changing to EMV's sole proprietorship<\/mark><\/a> and registers the company as a VAT payer. This process can be easily done through Virk.dk's website under the tab \u201e\u00c6ndre virksomhed<\/mark><\/a>\u201d<\/a><\/mark> (Change company) <\/em>- You will then retain your CVR number.<\/p>\n\n\n\n

    It is important to make this change in a timely manner to comply with tax regulations and avoid potential penalties. Once you register your business as a sole proprietorship, you will be required to keep regular VAT accounts and file VAT returns.<\/p>\n\n\n\n

    What does the transition from PMV to ApS look like?<\/h4>\n\n\n\n


    When your privately owned small business (PMV) grows, it is worth considering converting it to a limited liability company (ApS). Such a change can prove beneficial, as an ApS provides better protection for your personal assets and the ability to attract investment. The process of converting a PMV into an ApS is relatively simple, but requires careful consideration of financial aspects. For example, setting up an ApS requires initial capital of at least DKK 20,000 in 2025. <\/p>\n\n\n\n

    In addition, the transition to ApS will change your tax status and result in new accounting requirements that may affect the operations and administration of your business.<\/p>\n\n\n\n

    <\/p>\n\n\n\n

    Differences between PMV and other forms of business in Denmark<\/h4>\n\n\n\n

    When you need to choose a form of business, there are many different factors to consider. Ultimately, the right form of business will always depend on your specific situation and needs.<\/p>\n\n\n\n

    To make it easier for you to choose, we've prepared an overview where you can quickly learn the similarities and differences between the four most popular business forms for self-employed people and entrepreneurs: PMV, sole proprietorship EMV, I\/S and ApS.<\/p>\n\n\n\n

    \n
    \n
    Criterion<\/strong><\/th>PMV<\/strong><\/th>EMV<\/strong><\/th>Partnership (I\/S)<\/strong><\/th>Ltd. (ApS)<\/strong><\/th><\/tr><\/thead>
    CVR number<\/strong><\/td>\u2714\ufe0f Yes<\/td>\u2714\ufe0f Yes<\/td>\u2714\ufe0f Yes<\/td>\u2714\ufe0f Yes<\/td><\/tr>
    number of owner?<\/strong><\/td>one<\/td>one<\/td>many<\/td>many<\/td><\/tr>
    Responsibility<\/strong>\u0107<\/td>Full asset liability - you are responsible for the company's obligations with all your assets.<\/td>
    Full asset liability - you are responsible for the company's obligations with all your assets.<\/td>
    Full asset liability - you are responsible for the company's obligations with all your assets.<\/td>    		Liability limited to the company's capital and any guarantees.<\/td><\/tr>
    Obligation to file an annual financial report?<\/strong><\/td>\u274c No <\/td>\u274c No<\/td>\u274c Partial - if at least one partner is an individual, there is no obligation to file a report<\/td>\u2714\ufe0f Yes, visible to the public<\/td><\/tr>
    Obligation of bookkeeping?<\/strong><\/td>\u2714\ufe0f Yes<\/td>\u2714\ufe0f Yes<\/td>\u2714\ufe0f Yes<\/td>\u2714\ufe0f Yes<\/td><\/tr>
    VAT registration obligation?<\/strong><\/td>\u274c No<\/td>\u2714\ufe0f Partial - if turnover exceeds DKK 50,000 in 12 months<\/td>\u2714\ufe0f Partial - if turnover exceeds DKK 50,000 in 12 months<\/td>\u2714\ufe0f Partial - if turnover exceeds DKK 50,000 in 12 months<\/td><\/tr>
    A turnover limit?<\/strong><\/td>Maximum of DKK 50,000 per calendar year<\/td>No limit<\/td>No limit<\/td>No limit<\/td><\/tr>
    Can employees be hired?<\/strong><\/td>\u274c No<\/td>\u2714\ufe0f Yes<\/td>\u2714\ufe0f Yes<\/td>\u2714\ufe0f Yes<\/td><\/tr>
    Is it possible to trade across borders in the EU?<\/strong><\/td>\u274c No<\/td>\u2714\ufe0f Yes<\/td>\u2714\ufe0f Yes<\/td>\u2714\ufe0f Yes<\/td><\/tr>
    Initial capital required?<\/strong><\/td>\u274c No<\/td>\u274c No<\/td>\u274c No<\/td>\u2714\ufe0f Yes - minimum DKK 20,000<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n<\/div>\n\n\n\n

    <\/h4>\n\n\n\n

    <\/p>\n\n\n\n

    Still wondering what form of business to choose? take a peek here: What form of business in Denmark will be best for you?<\/mark><\/a><\/p>\n\n\n\n

    \n

    Not sure where to start? Need more information or advice?<\/strong><\/h4>\n\n\n\n


    \ud83d\udcde Call us: +45 35 13 13 10 (Mon-Fri, 8:00am-6:00pm)
    \ud83d\udce7 Write:     helpy@your-adviser.dk<\/a><\/p>\n<\/blockquote>\n\n\n\n

    <\/p>\n\n\n\n

    <\/p>","protected":false},"excerpt":{"rendered":"

    Zastanawiasz si\u0119 nad rozpocz\u0119ciem w\u0142asnej dzia\u0142alno\u015bci w Danii, ale nie jeste\u015b pewien, czy to odpowiedni moment? \ud83d\udcad Dzi\u0119ki PMV \u2013 Personligt Ejet Mindre Virksomhed mo\u017cesz spr\u00f3bowa\u0107 swoich si\u0142 w biznesie bez du\u017cych koszt\u00f3w, bez wi\u0119kszej biurokracji i bez zobowi\u0105za\u0144 na starcie. \ud83d\ude80 To idealne rozwi\u0105zanie dla:\u2714\ufe0f freelancer\u00f3w,\u2714\ufe0f r\u0119kodzielnik\u00f3w,\u2714\ufe0f us\u0142ugodawc\u00f3w,\u2714\ufe0f oraz ka\u017cdego, kto chce legalnie przetestowa\u0107 […]<\/p>\n","protected":false},"author":1,"featured_media":14588,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[103,1],"tags":[128,123,124,127],"class_list":["post-14525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-firma-w-danii","category-artykuly","tag-firma-w-danii-krok-po-kroku","tag-personligt-ejet-mindre-virksomhed","tag-prowadzenie-firmy-w-danii","tag-start-firmy-w-danii"],"jetpack_featured_media_url":"https:\/\/your-adviser.dk\/wp-content\/uploads\/2025\/02\/rocket-launch-67723_1280.jpg","_links":{"self":[{"href":"https:\/\/your-adviser.dk\/en\/wp-json\/wp\/v2\/posts\/14525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/your-adviser.dk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/your-adviser.dk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/your-adviser.dk\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/your-adviser.dk\/en\/wp-json\/wp\/v2\/comments?post=14525"}],"version-history":[{"count":5,"href":"https:\/\/your-adviser.dk\/en\/wp-json\/wp\/v2\/posts\/14525\/revisions"}],"predecessor-version":[{"id":14684,"href":"https:\/\/your-adviser.dk\/en\/wp-json\/wp\/v2\/posts\/14525\/revisions\/14684"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/your-adviser.dk\/en\/wp-json\/wp\/v2\/media\/14588"}],"wp:attachment":[{"href":"https:\/\/your-adviser.dk\/en\/wp-json\/wp\/v2\/media?parent=14525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/your-adviser.dk\/en\/wp-json\/wp\/v2\/categories?post=14525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/your-adviser.dk\/en\/wp-json\/wp\/v2\/tags?post=14525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}