Proposal for new strategy on entrepreneurship in Denmark
Published 28 June 2024
Category: Taxation / VAT
As set out in Pulse update on 13 June 2024, the Danish government has presented a proposal regarding entrepreneurship in Denmark, which includes initiatives aimed at creating better access to capital for startups, cutting the burden of red tape on business and certain relaxation of taxes. In addition to the key points set out in the Pulse update on 13 June 2024, other material points in the proposal are:
- Legalisation of crowd funding for Danish private limited liability companies (in Danish: anpartsselskaber),
- Relaxation of shareholder loans to the effect that, where a loan is paid out, repaid and paid out again, the shareholder will only be taxed once (of the highest drawn amount),
- Reduction of the minimum share capital requirement for private limited liability companies from DKK 40,000 to DKK 20,000,
- Introduction of an overview of deadlines and requirements for entrepreneurs at “Mit Virk”, including deadline and status of ongoing cases with public authorities,
- Expansion of the right to daily allowance (in Danish: dagpenge) by allowing newly started self-employed persons to use previous salary as basis for earning and calculating daily allowance, and
- Introduction of a triviality limit of 3.5 hours á week for self-employed persons with respect to maternity/paternity leave allowing them to handle basic matters during the maternity/paternity leave without deduction of maternity/paternity pay.
The Danish government’s proposal can be found here.
Tags: Venture Capital
Also tagged ‘Venture Capital’
Shape of European VC 2024
byFounders, a Danish VC fund, have released their 2024 shape of the market update for the New Nordics.
Venture CapitalNew advance tax rulings expand the scope of carried interest taxation
According to two new advance tax rulings from the Danish Tax Assessment Council (SKM2025.46.SR and SKM2025.47.SR), under certain circumstances, investments directly in portfolio companies owned by a private equity or venture capital fund may also be subject to taxation under the carried interest taxation scheme.
Venture CapitalNew bill regarding changes to access to information on beneficial owners submitted for consultation
On 23 January 2025, a draft bill regarding amendments to the Danish Act on the Central Business Register, the Danish Companies Act, and various other laws was submitted for consultation.
Venture CapitalVC Market Update – The Outlook for 2025
2024 was a year of rising investments in the global venture capital scene compared to bleak 2023.
Venture CapitalRepeal of rules regarding shareholder loans and other amendments to the Danish Companies Act
On 19 December 2024, the Danish Parliament has adopted the amendment acts L71 and L72 regarding amendments to the Danish Companies Act and other Danish laws.
Venture CapitalAbolition of the ‘entrepreneur tax’ and other changes to Danish tax legislation adopted
On 19 December 2024, amendments to the Danish Corporation Tax Act, the Danish Capital Gains Tax Act and the Danish Personal Tax Act, as well as other Danish tax laws, were adopted by the Danish Parliament.
Venture CapitalProposal for new strategy on entrepreneurship in Denmark
On 12 June 2024, the Danish government presented a proposal regarding entrepreneurship in Denmark, which includes initiatives aimed at creating better access to capital for startups and certain relaxation of taxes.
Venture CapitalMarket update – New Nordics Q1 2024
byFounders has published their Q1 market update for 2024. Key takeaways include: Several fundraising rounds were announced in Q1 2024, including 18 pre-seed, 35 seed, and 10 Series A rounds. This is an increase from a total of 40 to 63 rounds compared to Q1 2023. The capital invested in the New Nordics increased from […]
Venture CapitalThe time between investment rounds has increased
According to new data from Carta, time between primary US venture rounds is getting longer.
Venture CapitalCalifornia passes law mandating VC firms to release investments’ diversity information
In the first ever US law aiming at increasing diversity within the venture capital landscape, the Californian governor has signed SB 54 into law.
Venture CapitalSenior liquidation preferences create tensions between VCs
A new PitchBook analysis show that senior liquidation preferences create tension between collaborating VCs.
Venture CapitalState of the private markets: Q3 2023
Carta has published a preview of their Q3 2023 private market report.
Venture CapitalDeep dive into Q3 2023’s funding landscape
Jamesin Seidel, Investment Partner at the VC fund Chapter One, has analyzed Q3 data on the funding landscape from Crunchbase, based on US-based investments.
Venture CapitalVCs believe the worst times are over
VCs believe the worst times are over In Q4 2022, US-based venture capital funds experienced a sharp decline with an IRR of -16.8%, marking the asset class’s worst quarterly return in a decade. The downturn was attributed to the need for venture capital funds to devalue their late-stage portfolio companies, aligning them with comparable […]
Venture CapitalFemale GPs are an undervalued asset
A new 2023 report from European Women in VC highlight new findings of diverse investment teams in the growth and venture space.
Venture CapitalLPs push GPs to tie fund fees to impact goals
As the markets have turned for more negotiation power with LPs, expectations are going green, according to PitchBook: LPs are demanding terms aligning managers of impacts funds more closely with their sustainability outcomes.
Venture CapitalVCs shift focus to AI
Pitchbook’s Emerging Tech Indicator (ETI) tracks global investment activity across types of technologies, with special focus on successful VCs.
Venture CapitalNew venture report
Aumni, a J.P. Morgan company, have published a new first half 2023 venture report, showing the status of the private capital markets.
Venture CapitalNew Nordic Impact Startups 2023 report
Danske Growth, a part of Danske Bank, has published their new Nordic Impact Startups 2023 report.
Venture CapitalOther updates
The Danish FSA has updated the report on fitness assessments
On 5 February 2025, the Danish FSA published a new and updated version of its report detailing its practice regarding the fitness assessment of board members, executive management members and key persons in financial businesses.
Danish RegulationGovernanceThe Danish FSAEU Commission calls for review of certain outbound investments
On 15 January 2025, the European Commission issued a recommendation urging EU Member States to review investments out of EU for risks of enabling technology transfers/leakage into third countries (‘outbound investments’).
Cross-BorderThe Danish government has presented bills for implementing the NIS2 Directive and the CER Directive
On 6 February 2025, the bills for implementing the NIS2 Directive and the CER Directive were presented by the Danish government to the Danish Parliament.
CERCybersecurityNIS2EU Competitiveness Compass – ESG takeaways
29 January 2025, the EU Commission published its Competitiveness Compass which sets out a compass that will guide the work in the coming five years and lists priority actions to reignite economic dynamics in Europe, according to the communication.
CSDDDCSRDDisclosure RequirementsSFDRSustainabilityNew advance tax rulings expand the scope of carried interest taxation
According to two new advance tax rulings from the Danish Tax Assessment Council (SKM2025.46.SR and SKM2025.47.SR), under certain circumstances, investments directly in portfolio companies owned by a private equity or venture capital fund may also be subject to taxation under the carried interest taxation scheme.
Venture CapitalThe Omnibus Simplification Package and how it may impact EU’s ESG regulation
In the end of 2024, the European Commission President Ursula von der Leyen indicated that existing and future EU ESG reporting obligations may be consolidated into an “omnibus” regulation with the purpose of reducing reporting requirements.
CSRDDisclosure RequirementsSustainability