Greenland company registration


pay fee by instalmentsbusiness setup without travelGuaranteed solutions

Since 2003, Healy Consultants Group has assisted our Clients with business registration in Greenland. Our services include i) Greenland company incorporation ii) government license registration iii) business bank account opening iv) employee recruitment v) visa strategies and vi) office rental solutions.

Summary Tax Resident LLC Fast solution PLC Branch office Representative office
Also known as: anpartsselskab anpartsselskab aktieselskab agentschap representatief
Best use of company? All products and services Close a customer deal now Public listing Specific projects Marketing & research
How soon can you invoice Clients/sign sales contracts? 1 month 2 weeks 2 months 3 months 3 months
How soon can you hire staff? 2 months 5 weeks 3 months 4 months 4 months
How soon can you sign lease agreement? 1 month 1 week 1 month 1 month 1 month
How long to supply corporate bank account numbers? 2 months 4 weeks 3 months 4 months 4 months
How long to supply company registration/tax numbers? 1 month 2 weeks 2 months 3 months 3 months
Corporate tax rate on annual profits (%)? 25 25 25 25 None
Limited liability entity? Yes Yes Yes No No
Government grants available? Yes Yes Yes Yes No
Resident director/partner/manager/legal representative required? Yes Yes Yes Yes Yes
Minimum paid up share capital? (EUR) 17,000 17,000 70,000 None None
Corporate bank account location? Bank Greenland Nordikk Bank Greenland Nordikk Bank Greenland
Can secure trade finance? Yes Yes Yes Yes No
VAT payable on sales to local customers? None None None None None
Average total business set up engagement costs? (EUR) 14,000 Request a proposal 16,000 15,000 12,400
Average total engagement period? 2 months 5 weeks 3 months 4 months 4 months

Greenland business setup summary

Press the link headings below to read detailed, relevant, up to date information.

  • Advantages of Greenland company registration

    1. A Greenland LLC can be entirely foreign owned with no restrictions on foreign investment or subsidy eligibility;
    2. Greenland boasts one of the most modern fleets of fishing vessels in the world and a large fishing industry that exports high quality seafood products to markets all over the world. This acts as a major incentive to entrepreneurs who would like to invest in the fishing industry;
    3. Foreign investors interested in the mining and oil industries are provided with exploration opportunities in Greenland which is rich in minerals and oil offering entrepreneurs a wide range of business opportunities;
    4. The tourism industry in Greenland is a booming niche market, thanks to the country’s arctic climate and nature of unique quality and inland fjords, offering new adventures for tourists thus boosting the economy;
    5. Greenland is strategically located between North America and Europe, and global warming will increase its role as a gateway to do business between the two continents;
    6. The air transportation infrastructure of Greenland is well developed. There are three airports that connect Greenland with Europe and the rest of the world.
  • Disadvantages of Greenland company registration

    1. A Greenland LLC requires a minimum paid-up capital of US$19,000 for incorporation to be complete;
    2. Corporate tax in Greenland is levied at 25%;
    3. There are is only one bank in Greenland and therefore, getting access to credit facilities for business startup in the country is very difficult. Opening global corporate bank accounts to assist Greenland company formation is the only solution. Healy Consultants works with internationally recognized banks to provide corporate bank account services;
    4. Greenland has only signed 4 double tax treaties with Denmark, Faroe Islands, Iceland and Norway;
    5. As Greenland is an island, transportation by sea is necessary in most cases. There are no roads connecting the country’s towns and cities. Sea transport to and from Greenland is therefore the major mode of transport and this can be slow for those industries that have to trade across the borders regularly;
    6. The official language in Greenland is Greenlandic, therefore all official documents must be translated into either Greenlandic or Danish which slows down the incorporation process. This can also be a communication barrier between foreign investors and local staff as well as government officials.

Tell us what you need - we’ll send you a customised proposal in 5 hours!

Useful links for Greenland

Contact us

For additional information on our company registration services in Greenland, please contact our in-house country expert, Mr. Kunal Fabiani, directly:
client relationship officer - Kunal
bank of greenland bureau of minerals and petroleum DCCA GER Government of Greenland