DANISH LIMITED PARTNERSHIPS

The Danish Limited Partnership (K/S) incorporates the tax transparency and flexibility of a partnership, as well as separate legal identity benefits of a company. Danish corporate tax is avoided completely if there are non-resident partners and if the LP company registered in Denmark trades solely outside Denmark.

The limited partnership functions on the basis of a partnership agreement, and can be founded by two ore more members who can be individuals or legal entities. In a limited partnership at least one member has to be a general partner, who has full liability, and at least one member has to be a limited partner, having a liability limited to the extent of his or her contribution to the partnership\'s capital. A limited partnership must be registered with the Danish Commerce and Companies Agency.