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Danish banks open business accounts for an anpartsselskab (ApS) registered, or being registered, with the Danish Business Authority (Erhvervsstyrelsen). Banks are supervised by Finanstilsynet, the Danish FSA. Deposits are protected by the Guarantee Fund for Depositors and Investors (Garantiformuen), run by Finansiel Stabilitet, which covers each depositor for up to EUR 100,000 at each bank. The depositor is the account holder, so an ApS has cover of its own unless it is a financial institution, a pension fund or collective investment scheme, or a public authority. Cover is worked out net, so a loan from the same bank is deducted, and a branch of a bank from another EU country falls under its home scheme: Nordea’s Danish business, a branch of the Finnish Nordea Bank Abp, is covered by Finland’s guarantee first. Accounts are kept in kroner, Danish IBANs run to 18 characters with a DK prefix, and Denmark sits in SEPA.
Since February 2025 an ApS has needed a minimum capital of DKK 20,000, half the former DKK 40,000. Cash capital may go into an account belonging to the company or to a lawyer, proven by a bank record, a lawyer’s client account statement or declaration, or an auditor’s declaration, so a Danish bank is not a legal condition of registration. After registration the company should name a NemKonto, the account public bodies pay into. The Agency for Digital Government can approve one at a foreign bank, through MitID Erhverv or a paper form signed before a notary, a lawyer or two witnesses, within 8 to 10 weeks.
Danish company law sets no residence or nationality condition for the owners, the direktion or the board of an ApS. Digital identity is the obstacle. Bank channels run on MitID, and an ordinary MitID is tied to a CPR number, the personal identification number few people abroad hold. A private MitID can now be created without one by scanning a chip passport or ID card and your face in the MitID app, and its holder can become a MitID Erhverv user. The gap is at the top: a director without a CPR number may sign the MitID Erhverv connection agreement by hand, but whoever starts the connection and the organisation administrator both need a CPR number and a private MitID. Danske Bank says a MitID made without a CPR number cannot log on to its eBanking; Jyske Bank issues such online banking users a separate MitID.
| Provider | How you apply | What it asks of owners and signatories |
|---|---|---|
| Danske Bank | Online in English or Danish once the ApS has a CVR number; a reply within two business days | Proof of identity for key persons; possibly the citizenship and tax affairs of owners, managers and signatories, and foreign company numbers |
| Nordea, a branch of Nordea Bank Abp | Online with MitID; typically set up within 10 days | A share register showing the beneficial owners, who confirm their identity by e-mail; online ID needs a Danish passport or driving licence plus the health card, otherwise a branch |
| Jyske Bank | A first conversation, then a customer portal opened with MitID | A group chart with the beneficial owners’ CPR numbers, owners correctly registered on virk.dk, ID for all owners and signatories, usually an approved auditor |
| Lunar, a digital bank | In the app | Owners who live and pay tax in Denmark, an active MitID and a CPR number |
None of this is law; it is bank policy, applied case by case. Danske Bank’s application is the most open on paper, but operating the account later brings MitID back into play.
An account held by a shelf ApS is the company’s own, so it remains with the ApS when the shares are sold; the bank then looks again at who now owns, runs and signs for the company, and can carry on, request further papers or end the relationship. It will check the share register (ejerbog), which Nordea asks for, and the beneficial owner entry in the CVR, which Jyske Bank expects to be correct. That register closed to the public on 1 September 2025, but banks still consult it as obliged entities, so update both on completion. See our ready-made shelf companies in Denmark.
We can hand over a ready-made ApS or take care of company formation in Denmark for a fresh one, assemble the ejerbog, CVR owner entry, identity papers and tax details a Danish bank works from, and, if we hold a working contact at a bank that fits your profile, introduce you. The decision to open the account is the bank’s alone. The Denmark hub covers tax and company law; shelf companies with bank accounts explains how pre-banked companies change hands.
Yes, Danish law lets owners and directors live anywhere. The limits are bank rules: Lunar only accepts owners who live and pay tax in Denmark, Nordea’s online identification needs MitID and Danish ID documents, and Danske Bank’s eBanking needs a MitID created with a CPR number.
Not by law. The DKK 20,000 minimum capital can be paid into an account belonging to the company or to a lawyer, with a bank record, a lawyer’s statement or declaration, or an auditor’s declaration as proof. Even the company’s NemKonto can be a foreign account once the Agency for Digital Government approves it.
Yes. Each depositor is covered to EUR 100,000 at each bank, and the ApS counts separately from its owners’ personal accounts. A loan from the same bank is deducted first, because cover is calculated net. Financial institutions, pension funds and public authorities are excluded, and at a Danish branch of a bank from another EU country, such as Nordea, the home scheme applies.
It can: the account belongs to the ApS, not to the seller, so a share sale leaves it with the company. The bank then looks at the incoming owners, directors and signatories and can continue, ask for more or end the relationship, so update the ejerbog and the CVR owner entry straight after completion.