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Denmark

How should you invest time and energy to optimise life in Denmark?

Scorecard​

CategoryScore
Ease of Integration?/10
Economy and Career?/10
Housing and Real Estate?/10
Quality of Life?/10
Governance and Society?/10
Innovation and Tech?/10
Business Environment?/10

Future Outlook​

  • Economic projections
  • Technological advancement plans
  • Environmental sustainability initiatives
  • International relations and global positioning

Threats​

To what degree does Denmark face the innovator's dilemma in adapting to the DePIN economy?

  • Things work well and there is significant investment in digital infrastructure, which means certain actors would be set to lose lucrative contracts by switching to open decentralized systems.
  • Additionally with AI anyone can learn anything, anywhere anytime, which means Denmark's education edge will slip whilst the taxes and behaviour of funding students through to masters will be a very controversial tap to turn off.

Culture and Integration​

Culture is going to be any organisation's most valuable asset.

  • Integration Services
  • Integration Activities/Events
  • Expat Community Network
  • Cultural Adaptability
  • Language Barriers
  • Parenting Assistance
  • Expat Satisfaction Rates

Integration Services​

State Funded:

Commercial:

Psychological:

Expat Community Network​

Facebook groups:

Parenting Assistance​

Rights and assistance:

Challenges​

The happiest country on earth has the unhappiest expats? How can that be?

Many Danes also find it difficult to connect with other Danes, Why?

Articles:

Career and Economy​

Reddit - dkfinance

  • Finding Meaningful Employment
  • Long-term career prospects
  • Cost of living
  • Opportunities for personal growth
  • Work-life balance

Recruitment Services​

Need to visit jobcentret when unemployed. Top recruitment resources:

Taxation​

Housing​

How can you leverage tokenization to combine with others to develop a property in Denmark?

  • Availability of housing for expats
  • Real estate market analysis
  • Property purchase process for foreigners

Finding a Place to Live​

tip

Tokenization of Real Estate could be an opportunity to level the playing field

Public Services​

  • Healthcare System
  • Education System
  • Environmental Factors
  • Safety and Security
  • Transport Infrastructure

Health​

Education​

Environment​

Safety and Security​

Transportation​

Governance and Society​

  • Political stability
  • Social security and benefits

Links:

Innovation and Technology​

Big and obvious investment in AI but relatively quiet on blockchain and crypto which is incongruent with claims to be a digital leader.

Question

Will face the innovator's dilemma in adapting to the DePIN economy?

Support Initiatives​

Business Environment​

  • Ease of doing business
  • Startup ecosystem
  • Support for foreign entrepreneurs
  • Industry-specific opportunities

Startup Ecosystem​

Where does the money come from? Who are where does it flow to?

Starting a Business​

Three main considerations to be compliant with regulations.

  1. Legal
  2. HR
  3. Finance

Create a holding company.

Before you register new company: Decide if you want to hold the shares of the new company in a holding company or directly in your name.

If you as co-founders (who will be owners of new company) want to hold your shares in a holding company and do not yet have one registered, this needs to be done before registration of the new legal entity.

This holding model will probably not be beneficial if you are a sole owner of a company and do not own any other companies. In companies with more than one co-founder/owner, the holding company structure does provide benefits which is why many co-founders chose this option.

One benefit is the taxation of dividends if your ownership is above a certain percentage, as you can then get the dividends tax free to your holding company and then decide if you want to pay them out to you (and get taxed) or invest the funds.

Remember that holding company incurs some administrative fees as you need to make annual reporting.

Talk to a personal tax advisor before making the decision.

Before registering the legal entity: Shareholders' Agreement (SHA) if there is more than one owner. The agreement lists the shareholders' rights and obligations and how the company should operate. As the agreement sets out terms not governed by the Danish Companies Act (Selskabsloven), it is a good idea to prepare and agree on the terms in the SHA before you incorporate the new entity. A lawyer can help you with the SHA.

When you're ready to register the new company:

  • To register the legal entity and receive the CVR number you will need to gather/complete the following (this step is usually handled by a lawyer)
  • Transfer share capital to lawyer's account (min. DKK 40k for ApS)
  • Co-founders' holding company names and cvr numbers
  • Co-founders' copy of passport & proof of home address
  • Have the name of legal entity picked out, if you want to register a commercial name as well you it can be done at the same time
  • Sign decision to incorporate company with articles of association and Shareholders' Agreement
  • Registration in virk.dk (you can also register as employer and for VAT at this step, or separately as described further down in this list)

Related to setting up the company the following documents are usually completed by a lawyer:

  • Register of shareholders ("Ejerbog")
  • Articles of Association ("Vedtægter")

HR Checklist​

Legal requirements for HR.

Once company is registered: Prepare director's contract for the co-founder(s)

Directors/co-founders are not covered by the Salaried Employees Act ""Funktionærloven"" (minimum rules for notice of termination, holiday, maternity/paternity/parental leave etc) nor collective agreements. Therefore, it's important to prepare director's contract that regulate all the aspects of the director's rights and duties.

Finance Checklist​

Once company is registered (But start preparing before) get a bank account (to be registered as Nemkonto)

It usually take several weeks from start to finish, so it's a good idea to have the material ready so the bank can start the process as soon as you get the CVR number.

The bank usually asks if the account will be the company Nemkonto and give you a document to sign.

Fill in the bank's KYC document.

Danish (Resident) Co-founders provide the following documents:

  1. Scan/photo of your passport
  2. Scan/photo of your health card (sundhedskort)

Foreign Co-founders provide the following documents:

  1. A copy of 2 of these:
    • Driving license
    • National ID card
    • Passport
  2. A copy of one document showing their address:
    • Tax statement
    • OR a statement from their bank

Business Tools​

Specific software products that reduce the friction of complying to the Danish business environment.

Investment Capital​

Startup Denmark FAQs

See Investor Database

Notable Startups​

AI and Crypto/Web3 organisations with links to Denmark.

ProvidersNotes
aryze.ioDeFi
chainalysis.comConsulting
coinify.comPayments
coreestate.ioReal Estate Tokenization
dbcl.ioConsulting
digishares.ioReal Estate Tokenization
dynasty studiosGaming
hivenetwork.onlineConnection
januar.comFinTech
MakerDAOStablecoin
techops.servicesDev Ops
rue.eeDev Ops
dreiststorgaard.dkDev Ops

Orgs/People: shaping DePIN stack adoption in Denmark.

RoleContact
InnovationRune Christensen
EducationRoman Beck
State
Tax Compliancedfsa.dk

Attachments​