Setting up an ApS is quick and easy when you have the right tools and advice. At CVR-no.com, we can help you get everything you need to get started with your ApS. We can provide you with legal advice, help you prepare your memorandum of association, draft your articles of association, set up your ownership register, and register your company with the Danish Business Authority. We can also help you get capital approval and register your beneficial owners. Contact us today for a free quote.
What is an ApS?
An ApS is a limited company that is commonly used by small businesses in Denmark. The key advantage of an ApS is that it offers limited liability to its shareholders. This means that shareholders are only liable for the amount of money they have invested in the company. If the company gets into financial trouble, shareholders will not be held responsible for any debts incurred by the company.
Another advantage of an ApS is that it is easy to set up and does not require a lot of capital. In fact, the minimum amount of capital required to set up an ApS is just 1 krone! This makes an ApS ideal for small businesses and startups that may not have a lot of money to invest in their business.
However, there are some disadvantages to setting up an ApS as well. The main disadvantage is that shareholders have less control over the business than they would if they were the sole owner of the business. This is because shareholders elect a board of directors to make decisions on behalf of the company. While shareholders can vote on important decisions, they ultimately have to trust that the board will make decisions in the best interest of the company.
Another disadvantage of an ApS is that it must file annual reports with the Danish Business Authority. These reports are public record, which means that anyone can access them. This can be problematic for companies that want to keep their financial information private.
Requirements for Setting Up an ApS
There are some requirements that you must meet, in order to set up an ApS:
– You must have at least one shareholder who is 18 years or older
– You must have a board of directors consisting of at least three people
– Your board of directors must include a managing director
– You must have a registered office address in Denmark
– Your company must have a CVR number
In addition, you will need to prepare a memorandum of association and draft articles of association for your company. These documents will outline important information about your company such as its purpose, management structure, and ownership rights. Once you have these documents prepared, you can begin the process of setting up your ApS by registering with the Danish Business Authority and applying for capital approval from Shareholders’ Equity Denmark
Setting up an ApS is quick and easy when you have the right tools and advice from CVR-no.com. We can help you get everything you need to get started with your new business, including legal advice, assistance with preparing your memorandum of association, drafting articles of association, setting up your ownership register, and registering your business with the Danish Business Authority. We can also help you get capital approval and register your beneficial owners. Contact us today for a free quote!