Denmark

The ISO code of Denmark is DK according to the ISO 3166 standard. The local name of the country is Danmark. Denmark capital city is Copenhagen. People in Denmark speak the Danish language. In the year 980, Denmark emerged as a sovereign political entity. The largest city in Denmark is Copenhagen.

Denmark is located in the UTC +01:00 time zone, which is also called Central European Time or CET. The internet country code top-level domain (ccTLD) for Denmark is .dk. Other domains assigned to Denmark are .eu. The domain name .eu is available for use by organizations in and residents of European Union member-states. The International dialing code for Denmark is 45. People in Denmark drive on the right side of the road. Total land area of Denmark is 43,094 km² (approx. 16,639 mi²). Denmark is not a landlocked country. It means that is is bordered by at least one major body of water.

Denmark is located in Europe. Denmark is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.

Currently Denmark faces various issues, including air pollution, principally from vehicle and power plant emissions, nitrogen and phosphorus pollution of the North Sea, drinking and surface water becoming polluted from animal wastes and pesticides.

Doing business in Denmark

We offer various corporate services in Denmark jurisdiction. These services can serve both, people coming from Denmark and foreigners. If you plan on doing business in Denmark you might be interested in contacting us.

To find out about starting your business in Denmark click on company formation in Denmark.

To find out how to open a bank account in Denmark and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Denmark.

Choose preferred service below or continue reading to find out more about Denmark.

Company formation Bank account (Corporate)Available banks Bank account (Private)

Demographics of Denmark

The total population of Denmark is 5,754,356 people. In Denmark, the population density is 131 people per square kilometer (341 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is almost uniform according to a fractionalization scale which for Denmark is 0.0819. Denmark has approximately 572520 foreign immigrants. The median age is approximately 41.6 years. In Denmark, 93 in every 100 people use internet. Denmark has a Human Development Index (HDI) of 0.9.

The majority religion of Denmark is Christianity, Denmark is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Denmark.

Culture of Denmark

People in Denmark speak the Danish language. According to data on inbound tourists in Denmark, 8,557,000 tourists arrive in the country each year. The first McDonalds in Denmark was opened on 15 April 1981, and it was located in Vesterbrogade 2D, Copenhagen. One of the most popular national dishes of Denmark is stegt flæsk. To read more click on culture of Denmark.

Geography of Denmark

Denmark is considered to be a large nation because of its total area. Its total land area is 43,094 km² (approx. 16,639 mi²). Denmark is located in Europe. Its capital city is Copenhagen. The length of said border is 68 km (42 mi).Total length of land borders of Denmark is 140 kilometers (~54 miles).

The highest point of Denmark is Møllehøj, with its official height being 171 m (561 ft). Including land mass and EEZ, the total area of Denmark is approximately 2,594,332 km² (~1,001,673 mi²). The most notable natural resources found in Denmark are petroleum, natural gas, fish, arable land, salt, limestone, chalk, stone, gravel and sand.To read more click on geography of Denmark.

Economy of Denmark

The currency of the country is Danish krone. The symbol used for this currency is kr, and it is abbreviated as DKK. 5.2% of population in the country are unemployed. The total number of unemployed people in Denmark is 299,227. Each year, Denmark exports around $106 billion and imports roughly $98.45 billion. The Gini Index of the country is 24.8. Denmark has a Human Development Index (HDI) of 0.9.The Global Peace Index (GPI) for Denmark is 1.15. Denmark has a government debt of 0% of the country's Gross Domestic Product (GDP). Denmark is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are iron, steel, nonferrous metals, chemicals, food processing, machinery and transportation equipment, textiles and clothing, electronics, construction, furniture and other wood products, shipbuilding and refurbishment, windmills, pharmaceuticals, medical equipment.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Denmark is $250,676 billion. Each year, consumers spend around $164,352 million. The ratio of consumer spending to GDP in Denmark is 0%, and the ratio of consumer spending to the world consumer market is 0.38. The corporate tax in Denmark is set at 22%. Personal income tax ranges from 29.68% to 47.794%, depending on your specific situation and income level. VAT in Denmark is 25%. To read more click on economy of Denmark.

Infrastructure of Denmark

Infrastructure quality in Denmark is rated to be at 3.82. It indicates a good quality - roads, railroad, ports and other facilities are adapted and regularly maintained to handle high levels of traffic at all times, as well as most probably there are special facilities for handling high intensity and/or special traffic or vehicles (e.g. motorways a.k.a. autobahns and deepwater ports).

In Denmark, 100% of the population has access to electricity. There are 4,297,000 internet hosts in Denmark. Denmark has 80 airports nationwide.

The logistics performance index of Denmark is 3.78. It indicates a good performance - the logistics system is well prepared and organised, shipments mostly arrive on time and do not suffer damage, and the infrastructure is ready to handle even unpredictably big amounts of traffic as long as it is not overwhelming.

Tracking possibilities for shipments are rated at 3.36. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.

The number of road motor vehicles per 1000 inhabitants in Denmark is 28. To read more click on infrastructure of Denmark.

Politics of Denmark

Denmark, is a unitary parliamentary constitutional monarchy. With regard to political and civil freedoms, Denmark is 1. Citizens in Denmark experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Margrethe II.

According to the World Bank Group, the government effectiveness index of Denmark is 1.81. This indicates that the government of Denmark is very effective. Citizens enjoy highly effective social, public, and civil services, and the overall morale in Denmark is high. Government actions are efficient and expeditious, and dangerous situations are highly unlikely as a result.In Denmark, the legislative power is vested in a Folketing. The Global Peace Index (GPI) for Denmark is 1.15. The strength of legal rights index for Denmark is 8. Overall, it is considered to be rather adequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available. Denmark is a member of the United Nations (UN). On 24 October 1945, it joined the UN at it inception date as a full member state. Denmark is one of the original UN member states who founded the organization. Denmark is a member of the European Union (EU). On 24 October 1945, it joined the EU as a full member state. Denmark is a member of the World Bank. To read more click on politics of Denmark.

Environment of Denmark

Denmark emits 7.2 metric tons per capita of CO₂. 6120 km² of Denmark's territory is covered in forests. and forest land comprises 14% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Denmark is 28. To read more click on environment of Denmark.

Company formation in Denmark

The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Denmark.

When establishing a company in Denmark, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Denmark that will affect the establishment and growth of one's business. Contact us or click on company formation in Denmark to read additional information when setting up a business.

Bank account opening in Denmark

With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Denmark. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.

When considering opening a bank account in Denmark, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Denmark or contact us.