Exporting guide to Denmark

Denmark has a wealthy, educated and open economy, receptive to UK products and investments. The Danes are sophisticated buyers with a good reputation for paying suppliers on time. Denmark is the top country in Europe for ease of doing business, and is ranked 4th highest in the world.

Prosperous economy

Denmark is one of the EU’s best-performing economies and very open to international trade. It has low inflation, a healthy economic growth rate and low unemployment at 5%.

Gateway to northern Europe

The country offers easy access to the Scandinavian and Baltic countries as well as the growing economies of Germany and Poland. It provides a gateway to northern European markets via Copenhagen airport and its high-quality motorway network.

Business environment

You'll find doing business is very similar to the UK. Denmark offers a supportive political and economic framework for business development, as well as local and foreign investments.

The Oresund Bridge

The Oresund Bridge, connecting Denmark to Sweden.

Ease of doing business

4th

Out of 190 countries, World Bank 2019

Currency

Danish Krone

Business languages

English is widely spoken

GDP per capita

$60,897

UK is $41,030 (IMF, 2019)

Economic growth

2.4%

2019, IMF

Time zone

GMT+1

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Opportunities for exporters

Denmark has a prosperous economy and is a gateway to the Scandinavian markets for UK exporters. In 2019, it was the UK’s 23rd largest export market. Total UK exports in goods and services to Denmark amounted to £6.8 billion, which was an increase of 2.5 % or £164 million compared to 2018 (Office for National Statistics, 2019).

Doing business in Denmark

Preparing to export

VAT

VAT is charged at 25% on all products and services.

You can get more information on taxation in Denmark from the Danish tax authority (SKAT) and on import duties from The Danish Customs Agency (Toldstyrelsen).

Standards and regulations

Products and packaging should meet EU standards.

The Danish Standards Agency is responsible for standards.

Trade barriers

Check for any reported barriers to trading with Denmark.

Report any trade barriers that are affecting your business so we can help fix them.

Operating in Denmark

Routes to market

The traditional routes to market for Denmark are direct exports, finding a distributor or wholesaler, or starting a joint venture.

Starting a business

Once you have a foothold in the market, you may consider establishing a Danish subsidiary. Registering a business in Denmark is quick and only takes 24 hours. The Danish Customs and Tax Administration (SKAT) provides valuable information on starting a business.

Intellectual property

As a first step, you should speak to an intellectual property (IP) lawyer if you think you need patent protection when exporting. The Danish Patent and Trademark Office is responsible for IP in Denmark.

Payment terms

Payment is typically made after 30 days or the current month plus 30 days. Invoices are paid on time.

Next steps

DIT can advise you on doing business abroad, and help put you in touch with other people who can help such as lawyers and distributors.