3 Setting up a business3.1 Establishing a companyA foreign company may start upbusiness activities in Greenlandthrough a Greenlandic subsidiary.Alternatively,certainforeigncompanies may also register abranch, but instead, it is much morecommon and simple to register theforeign company as a taxableentity in Greenland.3.2 Limited liability companies(A/S and ApS)The most common corporate formatin Greenland is a limited liabilitycompany. The applicable law is theGreenlandic Companies’ Act.It is possible to setup either aprivate limited company (in Danish:
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