Savings programs for opening ApS

If you are an employee in a Danish company and dream of starting your own limited liability company in the future, you can save money to start it with two different programs.

The first option is the Founder's Account Program, and the second is the Entrepreneur's Program. Under both of these programs, contributions made to a special Founder's or Entrepreneur's Account can be tax-deductible. The purpose of these provisions is to make it easier to save for the establishment and growth of your own business. Deciding whether it is better to use a founder's or entrepreneur's account depends on whether you pay tax at the highest rate.

If you do not pay tax at the highest rate, it is recommended to use the Founder's Account Program. Contributions to such an account allow a tax deduction of about 27%. This means that you will have to pay 27% tax on the amount you contribute to the account. However, if you pay tax at the highest rate, it will be more profitable to use the Entrepreneur Program, where contributions allow a tax deduction of about 52%.

Funds accumulated in a Founder's or Entrepreneur's Account can be used to cover the costs of setting up your own limited liability company (ApS). However, there are somewhat more technically complicated rules regarding when you are considered a "founder", as well as how further depreciation is carried out. However, these regulations tend to be quite complicated, so it is worth getting specific advice from an experienced accountant.