WELCOME TO START UP MEETING - a short introduction to starting a business in Denmark About Startvækst Aarhus COUNCELLING • Face to face meeting with a business consultant from Startvækst Aarhus • Basic information about Danish Law and Business System • 360 degree screening of your business idea by using the Growth Wheel • Tools for inspiration and business development • Access to network and contacts SPECIALIST ADVICE Open Café Event every second Thursday 5 pm –7 pm in Incuba: Lawyers Accountants SKAT Insurance company Marketing expert Business consultant The Growth Wheel The Growht Wheel YOUR BUSINESS PLAN Business concept What will you do for whom and why? Example of a mission from LEGO: "Our ultimate purpose is to inspire and develop children to think creatively, reason systematically and release their potential to shape their own future Example of a hairdresser: “To make people feel beautiful and unique when they leave my shop” Personal Ressources Product or Service Market Sales and Marketing Organising Business Development Budgets and Financing What kind of business do YOU want to start? Break and Networking BASIC RULES 1. Book keeping and accounting 2.Collect Moms (VAT) or payroll tax (If your company is exempt from VAT) 3.Pay taxes (personal income tax or company tax) Legal forms of companies Registration 1. You must have a residence and work permit www.newtodenmark.dk  ics http://icitizen.dk/ 2. CPR vs CVR 3. Go to www.virk.dk – Register the company for VAT within 8 days before it starts – Register as an importer/exporter if you are importing / exporting goods from countries outside the EU – Register for excise duties if you import, produce or sell goods with excise duties (punktafgifter) ie coffee, chocolate, alcohol – Register if you hire employees Permits 1. License to trade in food (www.foedevarestyrelsen.dk) 2. Premises: The municipality's technical department 3. Trade license, alcohol (restaurant and hotel): Available from police 4. Authorization (electrical engineer, certified translator, etc.) 5. Environmental approval See all authorizations at http://businessindenmark.danishbusinessauthor ity.dk/authorisationbyprofessions/0/47 Book keeping and accounting 1. Required to keep records / accounts 2. Collect VAT (+ 25% of your price) 3. Pay SKAT (the tax authority) The economic system in a company The VAT system in Denmark Compulsory Insurance to the Company Insurances for the owner What’s up … - Information meetings about taxes and VAT (moms) at SKAT.DK - International Community (social events and network for internationals) - Venture Cup Idea & Start Up Competitions - Startup Weekend Health February 6-8 - Iværk & Vækst in Horsens 16th of April 2015 • LinkedIN group: Entrepeneurship in Aarhus  Apply for membership • Tools for starting up on virk.dk or entrepreneurshipindenmark.dk Thank you for listening! For further reading: ”The Lean Startup” by Eric Ries ”Business Model Generation” by Alexander Osterwalder ”Iværksætterhåndbogen” af Hanne Wick & Dorthe Klyvø