Investment regulation - Denmark

18.01.2022

Holding restrictions

Customers cannot hold Danish equities or Danish Investment funds via Clearstream, in either of the following circumstances:

  • The final beneficial owner is registered or tax resident in one of the below stated tax heaven countries; or
  • The customer or any other intermediary in the custody chain is registered or tax resident in one of the below stated tax heaven countries.

Tax Heaven countries

The countries that are currently considered as tax heaven countries in Denmark are the following:

  • American Samoa
  • Anguilla
  • The US Virgin Islands
  • Dominica
  • Fiji
  • Guam
  • Palau
  • Panama
  • Samoa
  • Seychelles
  • Trinidad and Tobago
  • Vanuatu

Danish dividend distributions will be paid with the default rate of 27% withholding tax, but it is the customer`s responsibility and liability to ensure compliance with the investment restriction in Clearstream.

Disclosure requirements

For details of the local domestic disclosure requirements, please refer to the Disclosure Requirements.