Greenland

Corporate - Significant developments

Last reviewed - 09 January 2020

The Greenlandic Parliament has implemented the Danish Companies Act with effect from 1 January 2018. The implementation of the Danish Companies Act has implied that the Greenlandic Business Register (GER) has been dissolved and that all companies registered in GER are automatically transferred to the Danish Business Register (CVR). It is intended that Greenlandic entities will receive a CVR no. identical to its previous GER no. In the event that a Greenlandic entity's GER no. already exists as a Danish entity's CVR no., the Greenlandic entity will be granted a new CVR no. Further, the implementation of the Danish Companies Act provides new possibilities of establishing a company in Greenland through the digital platform Virk.dk and digital solutions regarding changes to existing companies. Therefore, any registrations and changes to existing Greenlandic entities must from now on be performed via Virk.dk.