Hvordan starter jeg selvstændig virksomhed?

Svar: Sole proprietorship + contract for a US company

Cookie - John Hannover — Sat, 28 Oct 2017 20:32:54 GMT

If your income is VAT responsibel and you have turnover above 50.000 on any 12 month periode, you have to register for VAT

Your tax will be based on exactly the same as if you had tax on salary - including how your own deductions and "from your wife"

br John H

Svar: Sole proprietorship + contract for a US company

pingd — Sat, 28 Oct 2017 20:10:24 GMT

Thank you for the response.

I think that, based on what I understood from SKAT website, I need to be registered as a VAT-payer anyway, because I will earn more than 50k/y, even though I will not pay VAT at all (put 0 kr. for VAT and whole invoice amount in section C).

To sum up what I am going to do:
- Set up an Enkeltmandsvirksomhed,
- Register for moms,
- Go to a bank and request they put a NemKonto on my personal account (a little unsure about this one - https://www.nemkonto.dk/Virksomhed/NemKonto-for-virksomheder/Ny-virksomhed-og-NemKonto - it says I can do it),
- Issue invoices to my client for full amount (no moms) (for example 10000 USD),
- When the money comes to my bank account and is converted to DKK, adjust my estimated income with the real one for that month.

Can I use my wife's personligt fradrag this year if she is not using it? We got married this year.

Svar: Sole proprietorship + contract for a US company

Cookie - John Hannover — Sat, 28 Oct 2017 19:14:38 GMT

Yes just either invoice as a cpr person og - found an enkeltmandsvirksmhed.
Your tax is just as if you were on salary as CPR - and the deductions are just the same (personfradrag) so 8% AM tax of alle - and in total about 41% of everything above you deductions (fradrag)

You may as well declare it as a CPR as a CVR unless there is more to it than what you explain here

br John H

Svar: Sole proprietorship + contract for a US company

pingd — Sat, 28 Oct 2017 18:43:03 GMT

I have read more about it, and, in my understanding, I do not need to charge VAT (moms).

I will be remotely maintaining software, which constitutes an electronic service (http://skat.dk/skat.aspx?oid=210816&chk=201723). As I will be delivering to a tax-paying company outside EU, I will not be charging moms (#4 @ http://skat.dk/skat.aspx?oid=210817&chk=201723).

I also looked here: https://www.amino.dk/forums/t/1811.aspx

Could you let me know if my understanding is correct? Is the exemplary 10k USD my whole profit then? Do I need to obtain any sort of licence to sell services to the USA?

Sole proprietorship + contract for a US company

pingd — Sat, 28 Oct 2017 15:53:53 GMT

Hi everybody!

I understand some Danish but I don't feel confident enough to write a whole post in Danish, so excuse me for using English.

I would be happy if you could let me know if I am on correct track business-wise and maybe help me answer a few questions :).

I am about to sign a contract for an American company, and I will be receiving a fixed rate every month for remote work. I read about Enkeltmandsvirksomhed pros and cons, and I think it's the best way to move forward - I don't think my company will ever grow big enough or carry high risk that would convince me to start an IVS or ApS. I will start working under the contract on 1st of November. I expect to earn more than 50k kr. a year, so I understand I need to register for VAT (moms). I do not think I will have any costs of running a business that I can deduct (read about it on SKAT website and forums), apart from maybe occasional business trips. The company will be my primary and only source of income, and that will be probably the only contract I will have for the company. My wife has only a small PMV that is more of a hobby, otherwise she is unemployed, and her yearly income is very low.

Let's say, for example purposes, that I will be invoicing my client 10000 USD every month. I understand that I have to pay 2000 USD in moms, and the rest, 8000 USD, is my profit (since I will not have any cost). Then I need to pay AM-bidrag of 8% of that, which is 640 USD, and I am left with 7360 USD. Then I deduct fradrag (?) and pay tax on the rest.

Here are my questions:
- Can I deduct my personal fradrag from that 7360 USD? I believe it will be the full possible amount (45k kr. a year for 2017).
- My wife barely utilizes her personal fradrag. Can I transfer her fradrag to me, and deduct almost 90k kr. a year? We got married this year.
- How would I go about invoicing my client? Can I send the invoice for 8000 USD for services + 2000 USD moms and write the current USD/DKK rate? Should I set up a currency bank account in USD? Or let the bank receive USD amount and convert it to DKK, then see how much it is, and pay moms + skat on that amount?
- As it is going to be Enkeltmandsvirksomhed, can I just request my bank to let my personal bank account + NemKonto also be business NemKonto? Is it enough that the account is just a business NetKonto, or do I absolutely need a designated business account? I understand it might be hard to get one, and that I will probably need to pay for it, which is what I want to avoid.
- Can I have problems with SKAT, because I will have only one contract for one client? The company cannot just hire me, they are based in the USA and I will be working remotely, I think this is good enough explanation for SKAT?

Is there anything else legal I can do to not pay so much taxes? The way I see it is: pay moms, pay AM, pay B-tax on (profit - AM - personal/spouse fradrag).

Thank you for any help.