Not tax or legal advice. This page sorts public sources, as of 1 Nov 2026. Whether and how any of it applies to you is a question for your tax adviser.
In short
- After the election on 24 Mar 2026, Denmark is governed by a four-party coalition of the Social Democrats, SF, Radikale Venstre and the Moderates. Its government platform of June 2026 contains no wealth tax.
- A tax reform is proposed: the middle and top-top income tax brackets are to go, and corporate tax is to fall by 3 percentage points over three years. The bill is expected in February 2027.
- A new inheritance duty is also proposed: a higher allowance of DKK 566,000 and an additional 15% band on estates above DKK 10m, excluding business succession.
- Law in force is the exit tax on shares (fraflytterskat): from DKK 100,000 and usually after a total of 7 years of tax liability, gains count as realised on departure. Interest-free deferral is possible.
- Liechtenstein doesn't override Danish rules. Which deferral conditions apply to a move to Liechtenstein has to be checked case by case.
Status check 1 Nov 2026
What applies in Denmark, and what's proposed?
Sorted, with sources. Much of the government platform is not yet law.
DKproposed
The new government's tax reform
- Coalition platform of June 2026 (Prime Minister’s Office, Danish): the middle tax bracket goes, the top-top bracket goes and is financed through a new model for principal shareholders.
- Share income: 27% is to apply up to DKK 110,000. Corporate tax minus 3 percentage points over three years, not for the financial sector. Share savings account contribution limit DKK 500,000.
- According to Kromann Reumert, the bill is expected in February 2027 (Kromann Reumert, Danish).
- A wealth tax is not in the government platform (TjekDet, Danish).
DKproposed
Inheritance duty (boafgift)
- According to the tax ministry (Ministry of Taxation, Danish): the allowance rises from DKK 403,700 to DKK 566,000.
- New: an additional 15% on the part of an estate above DKK 10m, excluding business succession.
- Part of the 2027 finance bill, still a proposal.
DKlaw
Exit tax on shares (fraflytterskat)
- If you move away holding shares worth at least DKK 100,000, unrealised gains are taxed. This usually applies if you were taxable in Denmark for a total of at least 7 years (Danish Tax Agency, Danish).
- Interest-free deferral is possible, with an annual report, first due by 1 July of the following year. For moves to a country outside the EU and the Nordic countries, security must be provided. For Liechtenstein, check case by case.
- Share income 2026: 27% up to DKK 79,400, 42% above (Danish Tax Agency, Danish).
As of 1 Nov 2026. Reforms proposed, exit tax in force. We will update this page when things change.
What it honestly means
Denmark is cutting parts of income tax and restructuring inheritance duty. For founders, three things matter:
- Exit taxes hit those who move late. What's taxed is the growth built up in Denmark until you leave. If you're seriously considering a move, plan early and get advice in both countries.
- Substance, not a mailbox. An address alone is neither a residence nor a company seat. If you build something in Liechtenstein, you need a real presence: a registered company with its seat and desks on the ground, a team, and decisions made here. More: Substance in Liechtenstein.
- Moving doesn't erase your home country's rules. Denmark applies its own rules on tax liability, deferral and security. Double taxation questions come on top: Double taxation and Liechtenstein.
Why we still like talking about Liechtenstein: the environment is predictable. Founders plan in years, not in headline cycles.
Exit taxes in Europe compared
Almost everywhere, what grew in the old country is taxed. A short comparison as of 1 Nov 2026. Every country including wealth and data taxes: Tax news Europe.
| Country | Status 1 Nov 2026 | Source |
|---|---|---|
| Italy | Government bill, not law. 26% on unrealised gains from €800,000 in financial assets, resident 6 of 10 years, planned from 1 Jan 2027. | Il Sole 24 Ore |
| Germany | Law in force. From a 1% stake in a corporation and 7 of 12 years fully taxable: the gain in the shares is taxed on moving away. Instalments over seven years on application. | § 6 AStG (German) |
| France | Law in force, change at first reading. From €800,000 in securities, resident 6 of 10 years. Today the tax lapses after 2 or 5 years; on 30 Oct 2026 the Assemblée nationale adopted 15 years at first reading. | Amendment I-462 (French) |
| Norway | Law in force. Moves since 20 Mar 2024: unrealised gains above NOK 3m, payable within 12 years. | Skatteetaten |
| Belgium | Law in force since 2026. Exit tax as part of the 10% capital gains tax. Automatic deferral for EU and EEA states among others; not owed without a sale within 2 years. For Liechtenstein, check case by case. | SPF Finances (French) |
| Netherlands | Law in force for box 2. Leaving with a stake of 5% or more triggers a protective assessment (conserverende aanslag). Box 3 is being rebuilt; that is still in parliament. | Belastingdienst (Dutch) |
| Spain | Law in force. From €4m in shares and holdings, or more than 25% of a company worth more than €1m, resident 10 of 15 years. For moves to an EU or EEA state with exchange of information, by election only due on a sale within 10 years. For Liechtenstein, check case by case. | Art. 95 bis LIRPF (Spanish) |
| Austria | Law in force. Moving away counts as a disposal of capital assets, special rate 27.5%. For moves to an EU/EEA state, on application assessed only on an actual sale. For Liechtenstein, check case by case. | § 27(6) EStG (German) |
| Denmark | Law in force. From DKK 100,000 in shares and usually after 7 years of tax liability, gains count as realised on departure. Interest-free deferral; security required outside the EU and the Nordic countries. For Liechtenstein, check case by case. | Skattestyrelsen (Danish) |
| United Kingdom | No general exit tax. If you return within 5 years, gains made while abroad can be taxed (temporary non-residence). | gov.uk HS278 |
| Ireland | No general exit tax. Return rule for domiciled individuals after no more than 5 years away (holdings of 5% or more, or over €500,000). | Revenue s. 29A |
| Switzerland | No general exit tax for individuals. According to the Federal Department of Finance, the Federal Council considers one ruled out under the constitution. | Federal Department of Finance (German) |
The basics: Exit tax.
Liechtenstein in numbers
| Item | Status | Source |
|---|---|---|
| Corporate income tax | 12.5%, since 2011 (Tax Act in force since 1 Jan 2011) | llv.li, gesetze.li SteG |
| Minimum corporate income tax | CHF 1,800 a year | llv.li |
| EEA | Member since 1995 | gesetze.li |
| Currency | Swiss franc (CHF) | – |
| Blockchain Act (TVTG) | in force since 2020 | gesetze.li |
| GmbH (LLC) | from CHF 10,000 share capital | GmbH fact sheet, llv.li |
| EU list of non-cooperative tax jurisdictions | Liechtenstein is not on it (update 9 Oct 2026) | Council of the EU |
It's not a hack. It's boringly predictable, and that's the point. How incorporation works: GmbH formation in Liechtenstein.
digihub · In der Specki 3, Schaan
Substance means a real place to work
If you're looking at Liechtenstein seriously, you need more than an address: an office, people on the ground, decisions made here. At digihub in Schaan you get real desks, not a mailbox: coworking with a Flex Desk from CHF 169, a Full Desk from CHF 299 or a Private Office from CHF 549 a month, plus meeting room and community. A business address is available by agreement (Registered office & business address).
Come by for a coffee, and we'll see together whether Liechtenstein even makes sense for you.
Read next
- Tax news Europe: all countries at a glance
- Italy exit tax: what the draft says
- France exit tax: 15 years at first reading
- Norway exit tax: the 12-year rule
- Belgium: 10% capital gains tax and exit tax
- Netherlands: box 3 in parliament
- UK: Founders' Relief and non-dom
- Spain: solidarity tax and exit tax
- Switzerland: JUSO initiative rejected, what applies now
- Austria: inheritance tax called for, exit tax applies
- Ireland: 31% capital gains tax in Budget 2027
- Exit tax: the basics
- What does substance mean in Liechtenstein?
- GmbH formation in Liechtenstein
Sources
- Prime Minister’s Office: platform of the four-party government (June 2026, Danish)
- Ministry of Taxation: restructuring inheritance duty (Danish)
- Kromann Reumert: legislative programme 2026/2027 (7 Oct 2026, Danish)
- TjekDet: what is missing from the platform (Danish)
- Danish Tax Agency: tax on shares when you move abroad (Danish)
- Danish Tax Agency: tax on shares (Danish)
- llv.li: corporate income tax (German)
- Council of the EU: EU list of non-cooperative jurisdictions, update 9 Oct 2026
- llv.li: GmbH fact sheet (German)
Not tax or legal advice. Orientation based on public sources, as of 1 Nov 2026. Legislation can change quickly. Please check your own case with a tax adviser or lawyer in Denmark and Liechtenstein.
Content from digihub.li · reviewed 1 November 2026.