New Danish companies act amendments: What you need to know

On 1 January 2021, new changes were made to the Danish Companies Act. Companies in Denmark must now keep their documents for at least 5 years after the financial year in which they were produced. They also have to store them properly and make them available to public authorities if requested for inspection. If a company does not follow these rules, they may be forced to close.

The members of a company's executive board must actually be involved in managing the company. The Danish Business Authority can verify a person's identity and even require a personal appearance to make sure they are suitable for the role. If there is any doubt, the registration may be rejected, and the person removed from the CRV register.

Companies must also provide their real registered address, and the Danish Business Authority can inspect their office to confirm this. If a company does not comply, the authority can refer the matter for compulsory dissolution of the company.