Loan for personally owned small business
A personally owned small business, like a sole trader, is owned only by you. We have worked with a number of PMVs.
What is a personally owned small business?
There are approximately 28,000 personally owned small businesses in Denmark. A personally owned small business is characterised by the following:
- There is only one owner of the company
- The annual turnover is less than 50.000 DKK.
- The company has no employees
- The company does not pay VAT or other taxes
A personally owned small business is ideal for entrepreneurs who want to run a part-time or leisure business.
Read more
Virk.dk about starting your own business
Erhvervsstyrelsen on personally owned companies
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