Greenland

Last update: 2026-05-15

Pros
High transparency and minimal corruption within public administration and local governance.
Exceptional personal safety and low crime rates in a stable social environment.
Strategic autonomy over natural resources and local fiscal policy for future economic development.

Cons
Significant state presence in the economy and heavy reliance on external subsidies.
Severe infrastructure limitations with no road connections between major settlements.
High operational costs and limited domestic market size for scalable private ventures.

Personal income

44 → 44%

progressive

Corporate

25%

flat

Capital gains

42 → 42%

progressive

VAT (standard)

NONE

i 5.8 DIVIDEND PIPELINE

i 5.1 PRIVACY GRADE

i 4.8 HOLDING

i 3.8 VERY LOW TAX

i 2 CRYPTO HAVEN

i 1 EASY CITIZENSHIP

─ On this page

01 Will Greenland tax what you earn? 02 Will Greenland tax what you own? 03 Is it easy to run a company in Greenland? 04 Is Greenland good for your holding company? 05 What does it cost to come and go from Greenland? 06 Will Greenland protect your privacy? 07 Is Greenland itself a liability? 08 Will you feel free in Greenland?

01/08

Will Greenland tax what you earn?

●income tax ●tax residency ●territorial system

YES, A LOT. Personal income is taxed heavily in Greenland (top marginal rate 44%), but the residency test is unusually permissive. The bill is steep; the trick is not to trip into resident status without meaning to.

Personal income taxi

44 → 44%

progressive · 1 brackets

Income simulatori

Income

Tax due

Effective rate

all-in

Marginal rate

Tax residence testi

183days

● 183-day rule

○ Economic interest

○ Family centre

● Habitual abode

○ Extended-stay test

● Just one rule above is enough to make you tax-resident here.

02/08

Will Greenland tax what you own?

●capital gains ●wealth tax ●inheritance ●dividends ●interest

YES, A LOT. Greenland taxes capital gains heavily (42% at the top), but stops short of an annual wealth charge or inheritance regime. Realisation is the trigger; until you sell, the position keeps compounding.

Capital gainsi

42%

progressive · +2% The tax rate is a range of 42% to 44% depending on the municipality, implying a potential 2% variation.

Dividend taxi

44%

progressive

Interest incomei

44%

progressive

Wealth taxi

NONE

no annual wealth tax · no real-estate wealth tax · no net-worth assessment

Crypto · tax regimei

Regime

UNREGULATED

Fallback rate

44%

Greenland has no specific cryptocurrency legislation; instead, the Tax Agency (Skattestyrelsen) applies general tax principles. Crypto-assets are treated as speculative assets, and gains are taxed as ordinary personal income (almindelig indkomst). The Tax Agency explicitly states that transactions are 'considered as if made in a currency recognized by the national bank' for valuation, which implies that crypto-to-crypto swaps are realization events. The total tax rate consists of municipal tax (up to 28%), national tax (10%), and joint municipal tax (6%), totaling up to 44%.

Crypto-to-cryptoi

TAXABLE

each swap counts as a disposal — gains realised at every trade

FATF travel rulei

NOT SIGNED

no information-sharing obligation on VASP transfers

Inheritance systemi

NONE

no estate tax · no heir-based duties · no succession tax framework. Wealth transfers across heir-classes are not taxed in this jurisdiction. Only standard probate / registration fees may apply.

03/08

Is it easy to run a company in Greenland?

●corporate tax ●criminal liability ●public registry ●VAT ●IP box

NO. Corporate tax in Greenland is 25% with no IP-box relief, on top of VAT at n/a. Running a company here is operationally fine but fiscally expensive: the state takes a large bite of every unit of profit.

Corporate taxi

25%

flat · +6% If the actual corporate tax exceeds the prepaid on account tax

IP Box · Patent Boxi

NONE

no IP regime · IP income taxed under standard corporate rules

Misuse of corporate assetsi

NO CRIMINAL LIABILITY

Civil Matter / Breach of Fiduciary Duty

Greenlandic law, which follows Danish legal principles and Supreme Court precedent (e.g., U.1995.928H), establishes that a sole shareholder-director cannot commit the crime of 'Mandatsvig' (Breach of Trust) against their own company. This is because the owner's consent negates the 'unjustified' nature of the gain required by Section 111 of the Criminal Code for Greenland. Instead, such acts are classified as 'illegal shareholder loans' under Section 210 of the Companies Act (Selskabsloven), which primarily triggers civil restitution (repayment with interest) and tax penalties. Criminal liability only arises if the company is insolvent (Debtor Fraud under Section 112) or if the transaction involves tax evasion. Sources: Kriminallov for Grønland § 111; Selskabsloven § 210.

Shareholders privacyi

PUBLIC

Central Business Register (Centrale Virksomhedsregister - CVR)

Directors privacyi

PUBLIC

Central Business Register (Centrale Virksomhedsregister - CVR)

Incorporation costi

Private Limited Company

Anpartsselskab (ApS)

Government Registration Fee (CVR) USD 103

Professional Incorporation & Legal Services USD 1,840

Total USD 1,942

VAT standard ratei

NONE

no general VAT · no consumption tax framework

04/08

Is Greenland good for your holding company?

●treaty network ●participation exemption ●withholding

NO. Greenland doesn't carry a treaty network, which makes it unsuitable as a holding jurisdiction. Any dividend flowing in or out faces full statutory withholding, and no domestic participation exemption can compensate for missing relief on the source side.

Territorial systemi

Individuals

WORLDWIDE

Corporates

WORLDWIDE

Individuals: worldwide income taxation regardless of source. Corporates: worldwide.

Participation exemptioni

100%

25% holding · 12 months min

CFC rulesi

APPLY

A Greenlandic entity must include the income of a foreign subsidiary in its taxable base if it holds control over the subsidiary, the subsidiary's financial assets exceed 10% of its total assets, and the subsidiary is subject to a significantly lower tax burden than in Greenland.

WHT · dividendsi

44%

non-resident outbound

WHT · interest

25%

non-resident outbound

WHT · royalties

30%

non-resident outbound

Tax-haven WHT

44%

penalty rate · blacklisted destinations

Treaties signedi

active

Treaties pending

—

in negotiation

Tax treaty networki

origin · GL 0% > 0% no treaty

⌖

Inspect a country

Hover any country on the map to read its withholding-tax treaty with GL.

Country	Status	Dividends	Interest	Royalties

∅ // no treaties match

05/08

What does it cost to come and go from Greenland?

●exit tax ●territorial system ●dual citizenship

SOME. Greenland taxes worldwide income while you're resident, but there's no exit tax on the way out. The cost of leaving is mostly paperwork: unrealised gains follow you to the next jurisdiction untouched.

Exit taxi

NONE

no triggers active · residence change tax-free · no deemed-disposal mechanism

Dual citizenship

ALLOWED

naturalised citizens may keep their existing nationality

Citizenship paths

● Residence

● Marriage

○ Birth

● Descent

○ Investment

06/08

Will Greenland protect your privacy?

●info exchange ●corporate registries

PARTLY. Greenland has signed most of the standard exchange frameworks and operates a public corporate registry. Financial accounts are reported to your home tax authority, and your shareholdings are visible to anyone. Privacy is shallow on both axes.

Multilateral reporting frameworks 3/10 active · 3 pending

CRS

2017

CARF

—

FATCA

2014

MLI

—

BEPS

—

MAAC

2011

GLOBAL FORUM

—

EOIR

—

CRYPTO-CARF

—

CRYPTO TRAVEL RULE

—

07/08

Is Greenland itself a liability?

●blacklists ●FATF standing

NO. Greenland carries no entries on any major blacklist, though it sits outside FATF membership. Counterparties may apply light extra due diligence, but no formal stigma attaches to dealing with it.

Blacklist exposure Clear everywhere

FATF

grey / black list

non-cooperative list

FRANCE

ETNC list

SPAIN

tax-haven list

PORTUGAL

favourable regimes

BRAZIL

low-tax list

08/08

Will you feel free in Greenland?

●press freedom ●crypto ●CBDC ●EU

Not enough data to assess civil liberties and financial freedom in Greenland.

Press freedom · RSF indexi

—

Central bank digital currencyi

NONE

no announced CBDC program · no pilot · no retail or wholesale prototype on record

Other jurisdictions worth comparing

Picked by similarity of strategic profile to Greenland. No editorial ranking — neighbours in the same scoring space.

PROFILE-ADJACENT Same shape, comparable overall friction.

Faroe Islands FO → Philippines PH → Rwanda RW →

NOTABLY MORE FAVORABLE Same family of strategies, higher total score.

Albania AL → Ukraine UA → Kazakhstan KZ →

NOTABLY LESS FAVORABLE Same family of strategies, lower total score.

Burkina Faso BF → Andorra AD → American Samoa AS →