For entrepreneurs and digital nomads, the frustration of navigating opaque company formation costs and ongoing compliance fees is all too familiar. In 2025, as regulatory landscapes shift and governments tighten their grip, understanding the true cost of starting and maintaining a company in Greenland (GL) is more crucial than ever. This guide delivers a transparent, data-driven breakdown—so you can make informed decisions and optimize your fiscal strategy with confidence.
Company Formation Costs in Greenland: What to Expect in 2025
Greenland offers a relatively streamlined process for establishing an Anpartsselskab (ApS), the standard private limited company structure. Here’s a precise look at the average costs, based strictly on the latest official data:
| Cost Item | Amount (DKK) | USD Equivalent* |
|---|---|---|
| Minimum capital requirement | 40,000 | ~$5,800 |
| Registry fees | 0 | $0 |
| Notary/legal documentation fees (if using a lawyer) | 0 | $0 |
*USD conversion based on exchange rates as of early 2025.
Pro Tip #1: The only significant upfront cost is the minimum capital requirement. Unlike many jurisdictions, Greenland does not impose registry or notary fees for ApS formation, making it a lean option for those seeking to minimize state-imposed friction.
Annual Maintenance Costs: Keeping Your Greenland Company Compliant
Once your ApS is established, annual maintenance costs remain refreshingly low. Here’s the breakdown for 2025:
| Maintenance Item | Annual Cost (DKK) | USD Equivalent* |
|---|---|---|
| Annual reporting/accounting (if using external accountant) | 10,000 | ~$1,450 |
| Annual government/registry fees | 0 | $0 |
*USD conversion based on exchange rates as of early 2025.
Pro Tip #2: If you’re comfortable handling your own accounting and reporting, your annual costs could be virtually zero. Outsourcing to an external accountant is optional, not mandatory—another nod to Greenland’s hands-off approach.
Case Example: Launching a Digital Agency in Greenland
Imagine you’re relocating your digital agency to Greenland in 2025. Your only mandatory outlay is the DKK 40,000 (~$5,800) capital deposit, which remains an asset of your company. If you handle your own books, your annual compliance cost is zero. Even with professional accounting, your yearly spend caps at DKK 10,000 (~$1,450)—a fraction of what many European jurisdictions demand.
Checklist: Steps to Optimize Your Company Setup in Greenland
- Deposit the minimum capital (DKK 40,000 / ~$5,800) into your company’s bank account.
- Register your ApS—no registry or notary fees required.
- Decide on accounting strategy: DIY for zero annual cost, or budget up to DKK 10,000 (~$1,450) for external help.
- Stay updated on reporting deadlines and regulatory changes for 2025 via official Greenlandic business portals.
Summary: Key Takeaways for 2025
- Greenland’s ApS structure offers minimal state-imposed costs: only a capital deposit, with no registry or notary fees.
- Annual maintenance is optional and low—potentially zero if you self-manage compliance.
- Transparent, predictable costs make Greenland a compelling option for entrepreneurs seeking fiscal efficiency and regulatory simplicity.
For further details and the latest regulatory updates, consult the following official resources: