22

In general, six months after the end of the fiscal year.

Income for the next fiscal year was received on November 20th.

Two equal installments were made on March 20 and November 20. Additionally, extra taxes can be paid before February 1 of the following year of the income year.

0/27/22

27/27/22

Capital gains are constrained by the normal corporate income tax rate.

20.36%

14.22%

Consolidated Ownership

Positive

Negative

At least one shareholder, no upper limit.

At least one director, with no maximum limit.

Positive

Positive

Positive

DKK 50,000

See Memo

1. The capital can be paid in cash, assets (non-cash contribution), or a combination of both;<br>2. If the capital is paid only in cash, only 25% of the nominal capital can be paid at the time of establishment; however, a minimum of DKK 50,000 must be paid before registration.

Collective Ownership

Positive

Negative

At least one shareholder, no upper limit.

At least one director, with no upper limit.

Positive

Positive

Positive

1. The minimum capital requirement is 1 Danish krone.

Positive

1. No capital verification is needed at the beginning of establishment;<br>2. When the registered capital of the company reaches 50,000 Danish kroner and is converted into traditional APS company money, dividends cannot be paid;<br>3. It is necessary to increase the share capital to 50,000 Danish kroner (approximately 7,000 euros) through normal operations before any dividends can be paid. Once the company reaches the required minimum share capital, it can be converted into an ApS.