Selling on - Denmark
When taking over a new business, the new owner generally assumes all the liabilities, including any relating to employees. They immediately assume the rights and responsibilities in force at the time of takeover in relation to collective wage agreements.
Taking over an existing company is a worthwhile alternative to setting up a new business.
There are no actual procedures in place for selling a business in Denmark.
There is freedom of contract, which means that the parties can enter into agreements on terms they define themselves. However, these must comply with company law in areas such as non-discrimination, etc.
Business transfer procedures
You must notify the Danish tax authorities of all purchases and sales of shares, etc.
Any changes to conditions that affect the company's statutes must be reported to the Danish Commerce and Companies Agency.
The Virk.dk website gives access to reports and business-related information issued by public authorities.
Check also the legislation on this topic in: