Greenland
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. |
Personal income
0 → 44%
progressive
Corporate
25%
flat
Capital gains
0%
flat
VAT (standard)
0%
standard rate
i
5.8
DIVIDEND PIPELINE
i
5.4
VERY LOW TAX
i
5.1
PRIVACY GRADE
i
4.8
HOLDING
i
2
CRYPTO HAVEN
i
2
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. Greenland taxes personal income heavily (top marginal rate 44%), and its definition of tax residence is wide: prolonged stay, economic centre of gravity, the net closes. The classic combo of high rate and broad catchment. Leaving is rarely as simple as buying a plane ticket.
Personal income taxi
0 → 44%
progressive · 2 brackets
Income simulatori
Income
Tax due
Effective rate
all-in
Marginal rate
Tax residence testi
16/183 days
●
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
NO. Greenland doesn't tax what you hold. No capital gains, no annual wealth assessment, no inheritance regime. The value sitting in your portfolio compounds untouched, and leaves it the same way it arrived.
Capital gainsi
0%
flat
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 0. 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% Surcharge of 6% of the corporate tax payable if the actual corporate tax exceeds the prepaid on account tax (oil and mineral licence holders are exempt)
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 104
Professional Incorporation & Legal Services
USD 1,860
Total
USD 1,964
VAT standard ratei
0%
single rate · no reduced tiers
0%
Food & drink
0%
food
0%
non-alcoholic
0%
alcohol
Print media
0%
books
0%
ebooks
0%
newspapers
Culture
0%
cultural events
0%
cinema
0%
theatre
0%
museums
0%
sports
Transport
0%
public transit
0%
rail
0%
air
Hospitality
0%
hotels
0%
restaurants
0%
takeaway
Health
0%
pharma
0%
medical dev.
Energy
0%
electricity
0%
natural gas
0%
district heat.
0%
domestic fuel
Utilities
0%
water
0%
waste
Clothing
0%
kids clothing
Digital & telecom
0%
digital
0%
telecom
0%
broadcast
Construction
0%
construction
0%
social housing
Agriculture
0%
farm inputs
0%
animal feed
Personal services
0%
funeral
0%
hairdressing
Finance
0%
insurance
0%
financial svc.
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
Greenlandic companies must include income from a foreign subsidiary in their taxable income if they exercise control over it.
WHT · dividendsi
44%
non-resident outbound
WHT · interest
25%
non-resident outbound
WHT · royalties
30%
non-resident outbound
Tax-haven WHT
—
no punitive rate on record
Treaties signedi
0
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
EU
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
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.
NOTABLY MORE FAVORABLE
Same family of strategies, higher total score.
NOTABLY LESS FAVORABLE
Same family of strategies, lower total score.