1. 31th of March 2008 – Warsaw – Torsten Grunwald Starting a limited liability company in Denmark

2. 31th of March 2008 – Warsaw – Torsten Grunwald 2 Background 1/3 150.000 public and private limited liability companies. 25.000 new limited liability companies per year. 20.000 created online at the business portal Virk.dk. Usually, lawyers or accountants carry out a company registration. Self-service solutions at Virk.dk are options, not mandatory tools.

3. 31th of March 2008 – Warsaw – Torsten Grunwald 3 Background 2/3 Online company registration at Virk.dk: getting the registration number and the authorization to operate (10 minutes). Publication of business information at Virk.dk (in a few seconds). Within half a year, most companies will register VAT by electronic form at Virk.dk: getting the right to sell and buy larger amounts of goods and services (3 days).

4. 31th of March 2008 – Warsaw – Torsten Grunwald 4 Background 3/3 An electronic signature is the key for online registrations with the public authorities in Denmark. Distributed by TDC, the largest mobile communication company in Denmark. Users order it (for free) at TDC’s website.

5. 31th of March 2008 – Warsaw – Torsten Grunwald 5 Starting a company at Virk.dk

6. 31th of March 2008 – Warsaw – Torsten Grunwald 6 Front page of Virk.dk

7. 31th of March 2008 – Warsaw – Torsten Grunwald 7 Signing to start

8. 31th of March 2008 – Warsaw – Torsten Grunwald 8 Founder, articles, costs

9. 31th of March 2008 – Warsaw – Torsten Grunwald 9 Type and price of capital

10. 31th of March 2008 – Warsaw – Torsten Grunwald 10 Accountant signing value contribution

11. 31th of March 2008 – Warsaw – Torsten Grunwald 11 Completing business registration

12. 31th of March 2008 – Warsaw – Torsten Grunwald 12 Receiving certificate and business number

13. 31th of March 2008 – Warsaw – Torsten Grunwald 13 Publication at Virk.dk

14. 31th of March 2008 – Warsaw – Torsten Grunwald 14 VAT registration at Virk.dk

15. 31th of March 2008 – Warsaw – Torsten Grunwald 15 More registration tools at Virk.dk Registration of new company information: management, name, address, board of directors, capital, articles of association (10 minutes). Online registration of new sole trader information: name, address, importation, trade, duties (10 minutes). De-registration of sole traders, VAT, importation and other duties (10 minutes).

16. 31th of March 2008 – Warsaw – Torsten Grunwald 16 Development 2003-2007

17. 31th of March 2008 – Warsaw – Torsten Grunwald 17 Initiatives 2008-2009 Mandatory to register companies online at Virk.dk. Mandatory to register new company information like management, adress and board of directors at Virk.dk.