How to Create a Business in Denmark

Crafting a business plan is a fundamental step in launching any successful venture. It outlines your business’s goals, strategies, potential challenges, and the resources required to attain success. Let’s delve into how to create a comprehensive business plan:

1. Develop Your Idea

Every successful business starts with a good idea. Don’t be afraid to think outside the box. Businesses are thriving in Denmark in various sectors, so all you need to do is come up with your unique idea or optimize already proven concept. There is no shame in putting your own touch on another great business idea.

Actually this is quite often an indicator for succes, if you’re getting copied.

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2. Do the Research

The Business Development Centre Central Denmark suggests conducting a small market study before starting. Identify where there are growth opportunities and how you can combine your skills and knowledge with these opportunities. Ask yourself three questions: Can it be made? Can it be sold? Can it generate a profit? If the answer to all three is yes, then you can proceed to register your business.

3. Choose the Type of Business

Depending on your concept, whether it be goods you’re planning to sell or a service you’re going to provide, you have to decide what type of business you’re going to be. This has tax implications and will also determine whether you need to register for a CVR number or not. The CVR number is a business number identifying your company. The type of company you register can be changed later down the line.

You can read more about different type of danish company structures here:

Virksomhedsguiden

4. Register Your Business

Once you’ve decided on the type of business, you can register it on the official business internet portal, VIRK.dk. This site can also be used for VAT registration, employing people, keeping up with general rules and regulations, and closing down your company if necessary