Investing as an expat living in Denmark

As an expat living in Denmark, you may be less familiar with how investing works within this country. Find some key considerations specific to Denmark below.

Understanding Online Investing

Online investing is similar to other countries. There are no unique products specific to Denmark.

As a reminder: Online brokers allow you to buy and sell various financial instruments, such as stocks, bonds, exchange-traded funds (ETFs), and more, through digital platforms. These platforms provide access to a wide range of investment options and tools, empowering you to manage your investments from anywhere in the world.

Choosing an Online Broker in DK

Selecting a reputable online broker is crucial for a smooth investing experience.

Consider factors such as fees, account types, investment options, customer service, and ease of use.

For example, brokerages like Saxo Bank, eToro, and Nordnet are popular choices in Denmark and offer user-friendly platforms with comprehensive investment options.

Broker name  Type Review Rating Broker site
Etoro Investor & Trader Link 4.6 Visit broker

*eToro is a multi-asset investment platform. The value of your investments may go up or down. Your
capital is at risk.

Account Types

In Denmark, expats have access to various account types when investing online.

These include individual brokerage accounts, retirement accounts such as the Danish Retirement Account (Særlig Pensionsopsparing, SPO), and tax-advantaged accounts like the Aktiesparekonto (ASK).

The ASK allows you to invest in Danish and EU-listed stocks with reduced tax rates.

Each account type has its own benefits and limitations, so assess your financial goals and consult with a tax advisor to determine the most suitable option for you as an expat.

Tax reporting to Skat

As an expat in Denmark, it’s important to understand the tax reporting requirements for your online investments.

Any income or capital gains generated from your investments may be subject to taxation.

You are responsible for reporting this information to Skat through your annual tax return (årsopgørelse).

However, many (Danish) online brokers will automatically report your gains.

With a disciplined approach and knowledge of local requirements, online investing can be a powerful tool to achieve your financial goals while enjoying the convenience of global accessibility.

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