Essential 4 Actions to Follow After Establishing a New APS Enterprise

1st STEP: APPLY FOR NEMID

A NemID is an electronic signature that enables access to various online services such as government websites and online banking systems. To obtain a new NemID, you can visit https://www.medarbejdersignatur.dk/, although please note that this website is only available in Danish.

2nd STEP: CREATE A MAILBOX ON „E-BOXES”

Government institutions send emails to companies via digital mailboxes called "e-boxes." Some private companies also offer to use e-boxes for their mail delivery. An e-box functions similar to an online mailbox, which can be accessed through a login process using a NemID. If your company has a NemID, you will need to create a company e-box to use this service.

3rd STEP: ASSIGN „NEMKONTO”

When opening a new bank account for your company, it's important to ensure that the bank designates it as a "NemKonto." A NemKonto is a regular company bank account that has been granted permission to function as a designated account for receiving reimbursements from the government, such as VAT and tax refunds. Without a registered NemKonto, tax refunds cannot be processed. To confirm if your company's bank account has NemKonto status, visit https://www.nemkonto.dk/or contact your bank for confirmation. If your company doesn't have a bank account in Denmark, you can apply to use a foreign account as a NemKonto by submitting a special form.

4th STEP: TRANSFER THE COMPANY’S EQUITY FROM THE LAWYER

After creating a new bank account for your company, it's possible for your lawyer to transfer the minimum required initial capital of DKK 40,000 to your company. This capital was deposited during the registration process into the lawyer's client account. To initiate the transfer, you can request it from your lawyer. In case of any issues during the registration process with a traditional Danish bank, using Revolut is recommended.