Denmark IVS

No new IVS can be registered since 15 April 2019, and every IVS had to convert into an ApS by 15 October 2021 or face compulsory dissolution.

IVS is a legal entity in Denmark, which stands for Iværksætterselskab, belonging to collective ownership and is a type of limited liability company. IVS does not publicly participate in the market, with a minimum requirement of one shareholder and no maximum limit. There is also a minimum requirement of one director with no maximum limit. Unlike traditional Danish ApS companies, IVS companies do not need to appoint a legal representative or have a local person serve as a director, nor do they need a company secretary. Until its conversion, an IVS kept the DKK 1 minimum capital. The form of an IVS company follows the same rules applicable to Danish ApS companies, except for the required minimum startup capital. No new IVS can be registered since 15 April 2019, and every IVS had to convert into an ApS by 15 October 2021 or face compulsory dissolution.