Anpartsselskab (ApS), private limited companyGreenland
What it takes to form, own and run a private limited company in Greenland, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
Quote
§ 24. Et kapitalselskab kan stiftes af en eller flere stiftere.
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Yes
What it takes to form
- A notary
- Not required
- A resident director
- Not required
- Paying up the capital
- At all times at least 25% of the share capital must be paid up, and not less than DKK 40,000; any share premium on an A/S must be paid in full, while for an ApS it may be paid up in the same proportion as the capital; if any of the capital is paid in non-cash assets, all of the capital and premium must be paid in full (s.33(1) of the ordinance bringing the Danish Companies Act into force for Greenland). The company cannot be registered until that amount is paid and proof of payment is filed (s.40(2)).
Quote
Der skal til enhver tid være indbetalt 25 pct. af selskabskapitalen, dog mindst 40.000 kr.
Own it
Who may own and run it
- Directors
- At least 1 · none need live there · individuals only
Quote
§ 112. Medlemmer af et kapitalselskabs ledelse skal være
- Shareholders
- At least 1 · a company may be one
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§ 24. Et kapitalselskab kan stiftes af en eller flere stiftere.
- Members
- At least 1 · one person may form it alone
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§ 24. Et kapitalselskab kan stiftes af en eller flere stiftere.
- A local company secretary
- Not required
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§ 111. Et kapitalselskab kan vælge mellem følgende ledel-
- A local registered agent
- Not required
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Hjemsted: Den adresse i Grønland, som selskabet kan
Each year, at the registry
- Annual registry fee
- Not stated
The registry’s and the law’s own pages do not mention it.
- Accounts on the public record
- Yes
Quote
Dokumenterne er offentligt tilgængelige.
- Audit for a small company
- Not required
Quote
lade at lade årsregnskabet revidere, hvis virksomheden i 2
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Anpartsselskab (ApS), private limited company are in our records.
What is public
- Directors
- Public
Quote
§ 16. Oplysning om navn på personer registreret i hen-
- Shareholders
- Public
Quote
§ 16. Oplysning om navn på personer registreret i hen-
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Flat · 25%
Greenland corporate tax of 25% on company income, as the Tax Agency's rates page states.
Quote
Selskabsskatten er 25%.
Work it out on a profit figure: the company’s tax, the owner’s, and what is left.
- CFC rules in Greenland
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Dissolution by declaration where all creditors are paid: the shareholders declare to the Business Authority (Erhvervsstyrelsen) that all debts are paid and that dissolution is decided, with a statement from the tax administration that no tax claims exist, and the company is dissolved when deleted from the register of active companies (s.216); or voluntary dissolution by liquidation on a general-meeting resolution (s.217), notified within 5 weeks (s.220), with a 3-month call on creditors (s.221), after which the liquidators notify the final liquidation accounts and Erhvervsstyrelsen deletes the company (s.224).
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kan opløsning ske, ved at kapitalejerne over for Erhvervsstyrelsen afgiver en erklæring om, at al gæld, forfalden som uforfalden, er betalt, og at det er besluttet at opløse kapitalselskabet.
- Statutory fee
- Free
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Oversigt over de virksomhedsformer, der er omfattet af registreringsgebyr, samt de til enhver tid gebyrbelagte registreringer og gældende takster fremgår af
Every business in Greenland
VAT
- VAT or sales tax
- None levied
Greenland does not charge VAT: the Tax Agency states that Greenland is one of the very few countries in the world that does not levy a VAT, and that residents who buy goods outside Greenland may therefore shop VAT-free and claim a VAT refund. The charge on goods entering Greenland is an import duty (indførselsafgift) with commodity-specific rates; the agency also administers motor tax, stamp duty, lottery and gaming machine duties, harbour and cruise passenger duties, an overnight stay duty and fisheries duties. A business therefore has no VAT registration, rate or return.
Quote
Grønland er et af de meget få lande i verden, der ikke opkræver moms-afgift.
Payment and banking services
None of the services whose lists we hold names Greenland. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- Anpartsselskab (ApS), private limited company
- Identifier
- GL-APSA form ISO 20275 does not list.