I moved out of Denmark. If a Danish company sells something to consumers it has to charge 25% VAT, even if those consumers live somewhere else. Living costs are high. Corporate tax rate has been lowered, but pretty much all the other taxes are higher than USA for instance. Taking money out of the company costs you more tax. Very high personal income tax.
If you buy a USD $2500 computer you can't deduct the expense immediately. Or if you just buy a printer and that plus the computer you use the printer with is more than the limit of around $2000, you can't deduct it from your taxes immediately.
It's true that the paperwork for starting a business is pretty quick and easy. But for a LLC or Corp. type of business structure you need to put a minimum of DKK 125K (about USD $25K) in the business.
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I moved out of Denmark. If a Danish company sells something to consumers it has to charge 25% VAT, even if those consumers live somewhere else. Living costs are high. Corporate tax rate has been lowered, but pretty much all the other taxes are higher than USA for instance. Taking money out of the company costs you more tax. Very high personal income tax.
If you buy a USD $2500 computer you can't deduct the expense immediately. Or if you just buy a printer and that plus the computer you use the printer with is more than the limit of around $2000, you can't deduct it from your taxes immediately.
It's true that the paperwork for starting a business is pretty quick and easy. But for a LLC or Corp. type of business structure you need to put a minimum of DKK 125K (about USD $25K) in the business.