Personally owned business (enkeltmandsvirksomhed), sole traderGreenland
What it takes to form, own and run a sole trader 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
Som erhvervsdrivende bliver du beskattet af overskuddet i din virksomhed.
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
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the Personally owned business (enkeltmandsvirksomhed), sole trader.
Own it
Who may own and run it
Not in our records Directors, Shareholders, Members, A local company secretary, A local registered agent: none of these is in our records for the Personally owned business (enkeltmandsvirksomhed), sole trader.
Each year, at the registry
Not in our records Annual registry fee, Accounts on the public record, Audit for a small company, Audit: none of these is in our records for the Personally owned business (enkeltmandsvirksomhed), sole trader.
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Personally owned business (enkeltmandsvirksomhed), sole trader are in our records.
What is public
Not in our records What the register shows the public is not in our records for the Personally owned business (enkeltmandsvirksomhed), sole trader.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Through owners
The owner is taxed on the business's profit (income tax made of national, municipal and joint-municipal tax); no separate business tax.
Quote
Som erhvervsdrivende bliver du beskattet af overskuddet i din virksomhed.
- CFC rules in Greenland
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
Not in our records Route, Statutory fee: none of these is in our records for the Personally owned business (enkeltmandsvirksomhed), sole trader.
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
- Sole traderDerived our grouping, the same words in every country
- Name in law
- Personally owned business (enkeltmandsvirksomhed), sole trader
- Identifier
- GL-SOLE-TRADERA form ISO 20275 does not list.