Doing Business in Greenland - Book - Page 7
A private limited company (ApS)
may be incorporated with an
executive board only, but may also
choose a two-tier management
structure with a board of directors
that subsequently appoints the
executive board. There are no
limitations regarding managers
being member of the board of
directors or holding a position as
chairman. If incorporated with an
executive
board
only,
the
executive board assumes the
responsibilities that would otherwise have been those of the board
of directors.
3.3.1 Registration of the foreign
company
When registered with the Danish
Business Authority as a taxable
entity, the company receives a
registration number (CVR no.). For
examble, A CVR no. is a
requirement for obtaining a mineral
licence.
There is no residency requirement
for directors or managers under
Greenlandic corporate law.
It does not have to be owned or
leased premises by the company –
the requirement may also be
fulfilled by a c/o address. Nuna
Law Firm can provide business
address service with a c/o
address.
3.3 Registration of a taxable
entity (permanent establishment)
A foreign company may do
business in Greenland by simply
being registered as a taxable entity
(permanent establishment). By this
model, no separate entity is
established There is no requirement
to appoint a local manager. The
only requirement is that the foreign
company must have a registered
business address in Greenland.
3.3.2
Permanent
address
requirement
Local and foreign companies
registered in Greenland (CVR) must
also have a registered permanent
business address in Greenland.
Thor Suhr
Partner, attorney-at-law
ts@nunalaw.gl
Christian Vollstedt
Attorney-at-law
cv@nunalaw.gl
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