# Greenland

 Country code: GL

**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.

Long story short: In Nuuk, nobody will ask you for a bribe: corruption is basically nonexistent and the administration, modeled on the Danish system, runs on trust rather than red tape.

The catch: taxes bite hard, the local market is barely 56,000 people trapped by ice, and anything that isn't fish costs a small fortune.

Other things worth knowing: the banking system is Danish-solid, there's not a single road connecting towns (boats and small planes only), security is excellent, and the iceberg landscapes are breathtaking.

## Will your income be taxed?

Long story short: YES, A LOT.
Income gets *fleeced* in **Greenland** (top marginal rate **44%**), but the residency test is surprisingly hands-off.

The bill is brutal for residents; the whole game is simply not to become one by accident.

**01.1 Income tax**

| Metric | Value | Detail |
| --- | --- | --- |
| Personal income tax | 44 → 44% | progressive · 1 brackets |

**01.2 Tax residence test**

_A single active rule is enough to make you tax-resident._

| Metric | Value | Detail |
| --- | --- | --- |
| 183-day rule | exists here |  |
| Economic interest | does not exist here |  |
| Family centre | does not exist here |  |
| Habitual abode | exists here |  |
| Extended-stay test | does not exist here |  |

## Will your wealth be taxed?

Long story short: YES, A LOT.
**Greenland** shears capital gains hard (**42%** at the top), but at least it stops there: no annual wealth levy, no inheritance regime.

Selling is the trigger; as long as you don't pull it, the position compounds untouched.

**02.1 Investment income**

| Metric | Value | Detail |
| --- | --- | --- |
| Capital gains | 42% | progressive · +2% The tax rate is a range of 42% to 44% depending on the municipality, implying a potential 2% variation. |
| Dividend tax | 44% | progressive |
| Interest income | 44% | progressive |

**02.2 Wealth & estate**

| Metric | Value | Detail |
| --- | --- | --- |
| Wealth tax | NONE | no annual wealth tax · no real-estate wealth tax · no net-worth assessment |
| Inheritance system | 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. |

**02.3 Crypto**

| Metric | Value | Detail |
| --- | --- | --- |
| Crypto · tax 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-crypto | TAXABLE | each swap counts as a disposal — gains realised at every trade |
| FATF travel rule | NOT SIGNED | no information-sharing obligation on VASP transfers |

## Easy to run a company there?

Long story short: NO.
Corporate tax in **Greenland** is **25%**, no IP-box mercy, VAT at **n/a** on top.

Operationally, running a company here is fine; fiscally, the state helps itself to a fat slice of every unit of profit. You do the work, they skim the cream.

**03.1 Rates**

| Metric | Value | Detail |
| --- | --- | --- |
| Corporate tax | 25% | flat · +6% If the actual corporate tax exceeds the prepaid on account tax |
| VAT standard rate | NONE | no general VAT · no consumption tax framework |

**03.2 Regime & registry**

| Metric | Value | Detail |
| --- | --- | --- |
| IP Box · Patent Box | NONE | no IP regime · IP income taxed under standard corporate rules |
| Misuse of corporate assets | NO CRIMINAL | no criminal liability · 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 privacy | PUBLIC | Central Business Register (Centrale Virksomhedsregister - CVR) |
| Directors privacy | PUBLIC | Central Business Register (Centrale Virksomhedsregister - CVR) |

**03.3 Incorporation cost**

_In this country, the most standard company form is called Anpartsselskab (ApS) (Private Limited Company). The costs below are for incorporating a company in its simplest form, for reference only._

| Metric | Value | Detail |
| --- | --- | --- |
| Government Registration Fee (CVR) | USD 104 |  |
| Professional Incorporation & Legal Services | USD 1,861 |  |
| Total | USD 1,965 |  |

## A good fit for a holding?

Long story short: NO.
**Greenland** has no treaty network at all, which buries the holding question, full stop.

Every dividend in or out eats the statutory withholding at full rate, and no domestic regime can patch a hole that sits on the source side. Don't park a holding here.

**04.1 Substance & exemptions**

| Metric | Value | Detail |
| --- | --- | --- |
| Territorial · individuals | WORLDWIDE | worldwide income taxation regardless of source |
| Territorial · corporates | WORLDWIDE | worldwide corporate taxation |
| Participation exemption | 100% | 25% holding · 12 months min |
| CFC rules | 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. |

**04.2 Withholding tax · non-resident**

| Metric | Value | Detail |
| --- | --- | --- |
| WHT · dividends | 44% | non-resident outbound |
| WHT · interest | 25% | non-resident outbound |
| WHT · royalties | 30% | non-resident outbound |
| Tax-haven WHT | 44% | penalty rate · blacklisted destinations |

**04.3 Treaty network**

| Metric | Value | Detail |
| --- | --- | --- |
| Treaties signed | 0 | active |
| Treaties pending | — | in negotiation |

## Easy to come and go?

Long story short: SOME.
**Greenland** taxes your worldwide income while you're resident, but at least the exit is free: *no exit tax* on the way out.

Leaving costs you paperwork, not money; your unrealised gains walk out the door with you, untouched.

**05.1 Exit & dual nationality**

| Metric | Value | Detail |
| --- | --- | --- |
| Exit tax | NONE | no triggers active · residence change tax-free · no deemed-disposal mechanism |
| Dual citizenship | ALLOWED | naturalised citizens may keep their existing nationality |

**05.2 Citizenship paths**

| Metric | Value | Detail |
| --- | --- | --- |
| Residence | 9 years | available path to naturalisation |
| Marriage | 6 years | available path to naturalisation |
| Birth | — | not available |
| Descent | 1 gen | available path to naturalisation |
| Investment | — | not available |

## Is your money watched?

Long story short: PARTLY.
**Greenland** has signed *most* of the standard exchange frameworks *and* runs a public corporate registry. Your accounts get reported to your home tax office, and your shareholdings sit in the shop window.

Watched on both axes: not wall-to-wall, but don't come here for discretion.

**Multilateral reporting frameworks — 3/9 active · 3 pending**

| Item | Status | Detail |
| --- | --- | --- |
| CRS | Signed | 2017 |
| CARF | None | — |
| FATCA | In force | 2014 |
| MLI | None | — |
| BEPS | Signed | — |
| MAAC | In force | 2011 |
| GLOBAL FORUM | Signed | — |
| EOIR | In force | — |
| CRYPTO TRAVEL RULE | None | — |

## Is it blacklisted?

Long story short: NO.
**Greenland** sits on no major blacklist, though it's *outside* the FATF club.

Some counterparties will run a bit of extra due diligence out of habit, but there's no formal stigma: you won't get hassled for dealing with it.

**Blacklist exposure — Clear everywhere**

| Item | Status | Detail |
| --- | --- | --- |
| EMBARGO | Clear | un / us / eu sanctions |
| FATF | Clear | grey / black list |
| EU | Clear | non-cooperative list |
| FRANCE | Clear | ETNC list |
| SPAIN | Clear | tax-haven list |
| PORTUGAL | Clear | favourable regimes |
| BRAZIL | Clear | low-tax list |

## Do you feel free there?

Long story short:
Not enough data to tell how free you'd actually feel in **Greenland**.

**08.1 Press freedom**

| Metric | Value | Detail |
| --- | --- | --- |
| Press freedom · RSF index | — |  |

Central bank digital currency

NONE

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

## Connected to the world?

Long story short: COMPLETELY CUT OFF.
**Greenland** is unplugged from the global money grid: **2/11** of the services we track work here. No *Stripe*, no *Amazon*, and almost nothing around them either.

Whatever your plan is, the payment layer gets built from scratch, with local banks and local rules. Come for other reasons; connectivity isn't one of them.

**Accept payments — 1/6 available**

| Item | Status | Detail |
| --- | --- | --- |
| Stripe | Not available | card payments |
| PayPal | Not available | wallet payments |
| Adyen | Not available | enterprise psp |
| Mollie | Not available | eu payments |
| GoCardless | Not available | direct debit |
| Paddle | Available | merchant of record |

**Bank and move money — 1/3 available**

| Item | Status | Detail |
| --- | --- | --- |
| Wise | Available | multi-currency |
| Revolut | Not available | personal banking |
| Revolut Business | Not available | business banking |

**Buy and sell on Amazon — 0/2 available**

| Item | Status | Detail |
| --- | --- | --- |
| Amazon | Not available | consumer delivery |
| Amazon Seller | Not available | marketplace selling |

  SEE ALSO## 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.

 [   Colombia CO  → ](https://stateless.sx/en/country/co) [   New Caledonia NC  → ](https://stateless.sx/en/country/nc) [   French Guiana GF  → ](https://stateless.sx/en/country/gf)

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

 [   Albania AL  → ](https://stateless.sx/en/country/al) [   Turkey TR  → ](https://stateless.sx/en/country/tr) [   Kosovo XK  → ](https://stateless.sx/en/country/xk)

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

 [   U.S. Virgin Islands VI  → ](https://stateless.sx/en/country/vi) [   Gabon GA  → ](https://stateless.sx/en/country/ga) [   Argentina AR  → ](https://stateless.sx/en/country/ar)