Denmark is open to allowing people, even foreign nationals to run businesses that can somehow contribute to the society. Thus, it is not a novel thing that foreign-born people often come to this country and start up their businesses. But, when a person is willing to run a business in the country, he/she has to satisfy and abide by a number of rules that the country expects him/her to fulfill. Thus, it is very necessary that before flying to the country, you should have some knowledge about the rules you need to know before starting up a business.
First thing that should be kept in mind is that a business has to be registered, so that the relevant authorities know what type of business the person has. It is also necessary to ensure that the person follows the rules and pay the taxes and duties in Denmark that are applicable on him/her. A business person is required to pay tax on the profits from the business, as well as VAT and duties on the goods that he sells.
A business person is the one who is responsible for keeping accounts of the income, expenses, VAT etc. and then to pay taxes, VAT and duties. Besides, if the person keeps employees under him or in the business, he must also keep accounts of the employees’ pay, labor market contribution, pension schemes and many more. One more thing, the person must ensure that the tax goes to the concerned authorities in Denmark.
There are many more obligations and rules that business owners in Denmark are required to follow. To learn more about this aspect, no one can be the best source than an Immigration and Visa Consultant. A professional will guide you throughout the process of immigration, as well as acquainting you to the rules!