01/07/2020
Frequently Asked Questions.
Q- 1 Who should be contacted initially to start the business?
· Some important links in this regard are as follow:
· Business in Denmark
· Start-up Denmark
· Company Law and Accounting
· Third-Country Auditors and Audit Firms
· Mutual recognition as ”statsautoriseret revisor”
· Guidelines for Mobile Street Selling of Daily Commodities
· Money Laundering and Terror Financing
· Better Business Regulation
· The EU ETS Registry and The Danish Kyoto Registry
· New businesses must be registered with the Danish Business Authority: https://danishbusinessauthority.dk/
· See the website Business in Denmark:
https://danishbusinessauthority.dk/business-denmark >
Where to register your company?
https://danishbusinessauthority.dk/where-register
· The requirements to register will depend on whether you wish to establish a permanent company or provide services in Denmark on a temporary basis. In many cases you will need a specific license, permit or authorisation in order to carry out work in Denmark.
· A lot of further information is available on
https://virksomhedsguiden.dk/erhvervsfremme/content/temaer/ivaerksaeteri/ (in Danish)
· Another option is the Start-Up Denmark programme for talented entrepreneurs, see https://startupdenmark.info/
· Copenhagen Capacity helps foreign businesses getting established in the Greater Copenhagen area: https://www.copcap.com/how-we-help/set-up-business
Furthermore, Embassy of Denmark in Pakistan and Embassy of Pakistan Copenhagen should be contacted initially for start of business.
Any counterparts/ business enterprise that may have established contact directly can also be verified through both the Embassies.
The queries for the Embassy of Pakistan, Copenhagen can be sent to [email protected] discussed on this phone no 004539621188.
Q- 2 Should the Interested party from Pakistan contact companies directly or through channel of Danish Industry or Danish Embassy?
· The contact and its nature depend on the purpose of the query and nature of business.
The Interested party/ individual from Pakistan can contact both Pakistani and Danish Authorities. Contacting Danish Authorities directly is also recommended. Most individuals in these organization speak English. The relevant links in this regards are:
1- Danish Chamber of commerce.
https://www.danskerhverv.dk/
2- Danske Industry.
https://www.danskindustri.dk/
3- Embassy Contact Details.
Email: [email protected]
Tel: 004539621188)
Q- 3 Any minimum estimated amount of investment to set up a Business in Denmark?
· Minimum estimated amount of investment depends on the chosen legal entity. The smallest limited liability company in Denmark is the “anpartsselskab” (ApS) which requires 40.000 DKK. (Equivalent to PKR 880000 & U$D 5800 at the rate of 1DKK to 22PKR.
Q- 4 What are the Types of duties and taxes to be imposed or an importer of textile to Denmark?
· Pakistan is subject to preferential trade arrangements with the EU – GSP+-arrangement – whereby many items, including textiles, are eligible for tariff free access to the EU, cf, As stated by the EU Commissions website on
EU-Pakistan trade:
https://ec.europa.eu/trade/policy/countries-and-regions/countries/pakistan/.
However, there may be certain types of textiles that are not covered by this arrangement, so therefore it can be a good idea to check the specific product on the EU’s Market Access database:
https://madb.europa.eu/madb/euTariffs.htm.
For inclusion into Danish market, types of duties and taxes for import and export can be found at link below:
https://skat.dk/skat.aspx?oid=2247446
· Around 80% of the textiles and clothing articles imported to the EU from Pakistan enter the EU at a preferential tariff rate. Around a quarter of these imports are bed linen, table linen and toilet and kitchen line. Currently 0% duty is imposed on these products.
Q- 5 Is there any platform where SMES can join similar venture in Denmark?
· This could be attained through membership of relevant trade organization.
In this regard the Danish Business Hubs are independent public bodies under the oversight of the Ministry of Business, Industry and Financial Affairs. These centers also serve as intermediaries for a number of programs and subsidy schemes which entrepreneurs and SMEs can apply for. Together with municipal business development offices, the Business Hubs comprise a unified business services system.
For more Information kindly see the link below
https://danishbusinessauthority.dk/searchresult?s=smes
For more information see the link below:
· Public-Sector Actions Targeting Entrepreneurs
· International collaboration
· Entrepreneurship: Role of the Authority
Q- 6 Is there a possibility of B2B meeting to be organized in relation to some specific sectors?
· Yes there is a possibility of B2B meetings provided the businessmen provides all details to the Embassy first, Embassy will then contact the relevant authorities/ sectors for possibility of meetings. Meetings can be held virtually.
Q- 7 What are Danish dispute resolutions mechanisms?
· At times, dispute resolution mechanism is inbuilt individual contracts. All parties should read their contracts carefully before signing.
Denmark and Pakistan both follow established international law in this regard. Danish Embassy in Islamabad and Pakistan Embassy in Copenhagen could be the starting point for dispute resolution.
Q-8 How can I start exporting my product to Denmark?
· Please see answer to Question 1.
Q-9 How can I find suitable partner for my products?
· On demand of exporter we can provide a list of importers located in Denmark in concerned sector. However the exporter will have to provide relevant information about product, numbers of employees and capacity of Production along with documents from Chamber of Commerce of Pakistan, if needed.
Q-10 What are the requirements for introduction in Danish Industry?
· Please see answer to Question 1.
Q-11 How do we know the Danish Standards for a specific Products?
· Standards are technical specifications defining requirements for products, production processes, services or test-methods. These specifications are voluntary. They are developed by industry and market actors following some basic principles such as consensus, openness, transparency and non-discrimination. Standards ensure interoperability and safety, reduce costs and facilitate companies' integration in the value chain and trade. European Standards are under the responsibility of the European Standardization Organizations (CEN, CENELEC, ETSI) and can be read at the EU Commissions website; https://ec.europa.eu/info/index_enDenmark adheres to the same standards.
Entry restrictions: What does it mean for my business?In order to prevent the spread of coronavirus/covid-19, entry restrictions concerning who are allowed to cross the Danish border have been implemented from 14 March at 12:00.
