Entrepreneur company (IVS)

The iværksætterselskab (IVS) was a Danish limited-liability company form with a capital requirement of just DKK 1, introduced in 2014 and abolished in 2019. Existing IVS companies had to convert to ApS or be dissolved.

The IVS was meant to make limited-liability incorporation cheap: DKK 1 in capital against a duty to continuously set aside part of profits until the capital reached ApS level. The form was abolished in 2019 after analyses showed elevated fraud and forced-dissolution risk among IVS companies.

Why do you still encounter IVS?

IVS companies that failed to re-register as ApS before the deadline were sent to forced dissolution. The form therefore still appears in CVR history: a company may have been an IVS later converted to ApS, visible in its timeline and former names.