For those analyzing the costs of establishing and maintaining a standard company in Greenland (GL) in 2025, this post provides the latest official data regarding company formation and ongoing expenses, specifically focused on the Anpartsselskab (ApS) legal entity. Both formation and annual upkeep costs are detailed below, grounded strictly in published figures from Greenlandic authorities.
Average Company Creation Costs in Greenland
The primary company type for standard business operations in Greenland is the Anpartsselskab (ApS), analogous in structure to a private limited company. Below is a table detailing the required initial capital and fees for registration as of 2025.
| Cost Item | Amount (DKK) | Amount (USD) |
|---|---|---|
| Minimum capital requirement | 40,000 DKK | $5,720 (at 7.0 DKK/USD) |
| Registry fees | 0 DKK | $0 |
| Notary/legal documentation fees (average, if using a lawyer) | 0 DKK | $0 |
The formation process requires a paid-up capital of 40,000 DKK (about $5,720 USD at an exchange rate of 7.0 DKK/USD). Registry fees and legal documentation fees are officially listed at 0 DKK, indicating no additional state-imposed registration or notarial costs under standard circumstances.
Annual Company Maintenance Costs
After incorporation, the main ongoing business cost relates to compliance and accounting. The key annual expenses for an ApS in Greenland are provided below:
| Annual Maintenance Item | Minimum (DKK) | Maximum (DKK) | Maximum (USD) |
|---|---|---|---|
| Annual reporting/accounting (if using external accountant) | 0 DKK | 10,000 DKK | $1,430 |
| Annual government/registry fees | 0 DKK | 0 DKK | $0 |
There are no recurring state registry or government fees. However, if you engage an external accountant for annual financial statements, expect to budget up to 10,000 DKK yearly (approximately $1,430 USD). Companies handling their own filings or with in-house resources may incur no direct out-of-pocket maintenance costs.
Key Sources for 2025 Data
- Greenlandic Business Register Main Portal
- Government of Greenland – Company Forms Overview
- Government of Greenland – Company Types
Pro Tips for Managing Company Creation and Maintenance Costs in Greenland
- Carefully assess whether you need external legal or accounting support at startup—basic documentation does not require a notary fee by default.
- Prepare the full 40,000 DKK minimum capital up front; this must be deposited into the company account before registration is approved.
- For smaller businesses or those with internal bookkeeping expertise, you may significantly reduce annual costs by preparing reports in-house, as the state does not charge mandatory annual fees.
- Regularly monitor updates on Greenland’s official business registration portal to stay informed of regulatory changes.
Summary and Practical Considerations
When starting and operating an Anpartsselskab (ApS) in Greenland in 2025, the up-front requirement is the minimum paid-up share capital of 40,000 DKK (about $5,720 USD), with no additional official registry costs at incorporation. Annual government maintenance fees are nonexistent, meaning ongoing costs stem primarily from optional services like external accounting, with a potential yearly maximum of 10,000 DKK ($1,430 USD).
Greenland’s requirements offer clarity and predictability for company formation. Prospective founders should plan for the initial capital commitment and critically assess ongoing reporting needs to optimize expenses—particularly given the absence of recurring government or filing charges.