Striking off or closing a company in Denmark for whatever reason can be daunting if you are unaware of the potential steps or pitfalls involved. Without specialist knowledge you may fall at the first hurdle and it is better to close or wind up the company in Denmark cleanly without leaving a stack of administrative liabilities behind you. Our staff at Close a European Company can provide a full package of bespoke services according to your individual/corporate requirement as follows:
We offer the following services for dissolving/winding up a company:
- Accountancy Advice
- Taxation Services
- Legal Advice
- Liquidation and insolvency services
- Personal Liability Advice
- Advisory/Restructuring Services
OPTIONS FOR DISOLVING/WINDING UP A DENMARK COMPANY
- You can liquidate the company as a solvent liquidation if you close the company while there are still assets in it.
- You need to file a closing balance, audited by an accountant and file this to The Danish Commerce and Companies Agency.
- You will need a declaration from the tax authorities that the company has paid all its VAT and Income tax.
- A notice to creditors will be published and for a period of 3 months and after this, you file all documents and The Danish Commerce and Companies Agency will close the company if they agree to the documentation that is filed in connection with the liquidation.
Advantages of Voluntary Dissolution:
- This is the only way of ensuring that your company is closed in the correct manner.
- If the company is not dissolved in the proper manner then this could take time and money. Please contact us for assistance for winding up your company in Denmark.
- If you don't file the yearly financial accounts with The Danish Commerce and Companies Agency, they will send the company to be closed by the court.
- If there is no activity and no assets or debt in the company and no claims against, and from, the company, the court can close the company immediately.
- But the board of Directors need to sign a declaration that the company is empty, and they can be kept personally responsible, if a claim shows up in the coming 3 years.
- If there are activities, assets and debt in the company, a liquidator will be appointed by the court. And if they find there are sufficient funds to liquidate the company (Bankruptcy). The liquidator will typically be a lawyer.
A payment declaration is an easy and cost efficient way to liquidate a company. It is a condition to use a payment declaration, that all creditors know, and that all debt has been paid. The shareholders shall declare that all debt has been paid.
For both options it is important to take care to protect the assets of the business, to conform with the liquidators wishes and to act responsibly. Please contact us for further information and advice as to how to proceed.