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
• 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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