Exporting to Denmark

Denmark has a wealthy, educated and open economy, receptive to UK products and investments. 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 the third highest in the world.

Prosperous economy

Denmark is one of the EU’s best-performing economies. It has low inflation, a healthy economic growth rate and low unemployment at 5.0%.

Gateway to northern Europe

Denmark 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

Doing business in Denmark is very similar to the UK. If your product or service is successful in the UK, there’s a good chance you’ll be successful in Denmark. The country also has an advanced telecommunications infrastructure. It only takes 24 hours to establish a company online.

The Oresund Bridge, connecting Denmark to Sweden

Ease of doing business

3rd

Out of 190 countries, World Bank 2019

Currency

Danish Krone

Business languages

English is widely spoken

GDP per capita

$60,000

2018, IMF, UK is $42,558

Economic growth

1.2% 2018

2018, IMF

Time zone

GMT +1

Opportunities for exporters

Denmark has a well-educated population with a high proportion of university graduates and a high regard for British products. In 2018, UK exports in goods and services to Denmark amounted to £6.7 billion, an increase of 6.9% from 2017.

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.

Standards and regulations

Products and packaging should meet EU standards. The Danish Standards Agency is responsible for standards.

Intellectual property

As a first step, we advise you to 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 generally paid on time.

Operating in Denmark

Routes to market

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

Once you have a foothold in the market you may consider starting up a Danish subsidiary. This is a quick and relatively easy process in Denmark.

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.