Private Banks in Denmark
Compare leading private banks and their services in Denmark
Market Overview
Market Size
DKK 1.2 trillion
Total private banking assets under management
Regulatory Body
DFSA (Danish Financial Supervisory Authority)
Primary financial regulator
Average Management Fee
0.6% - 1.5%
Typical fee range for wealth management
Private Banks in Denmark
| Bank | Minimum Investment | Management Fee | Key Services | Heritage |
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Requirements and Documentation
Minimum Investment
DKK 5,000,000
Typical minimum investment requirement
Required Documentation
- Danish ID/EU Passport
- Proof of residence
- Tax information
Key Regulations
Financial Business Act
Anti-Money Laundering Act
MiFID II
Frequently Asked Questions
What is the minimum investment for private banking in Denmark?
Minimum investments for private banking in Denmark typically start from DKK 5,000,000, varying by bank and services required.
How are private banks regulated in Denmark?
Private banks in Denmark are regulated by DFSA (Danish Financial Supervisory Authority) under strict regulatory frameworks ensuring client protection and financial stability.
What are the typical management fees in Denmark?
Management fees for private banking in Denmark typically range from 0.6% - 1.5%, depending on the bank and portfolio size.
What services do private banks in Denmark offer?
Private banks in Denmark offer comprehensive wealth management services including investment advisory, estate planning, tax optimization, and family office services.
How do I open a private bank account in Denmark?
Opening a private bank account in Denmark requires meeting minimum investment thresholds, providing extensive documentation, and undergoing comprehensive due diligence processes.
What are the tax implications of private banking in Denmark?
Private banking in Denmark involves complex tax considerations including reporting requirements, tax optimization strategies, and compliance with international regulations like CRS and FATCA.
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