New Deal to Cement Denmark’s Position as Global Maritime Hub

Image Courtesy: MOL

Denmark will invest some DKK 15 billion (USD 2.5 billion) towards 2025 in an effort to strengthen the country’s position as a global maritime hub.

Under a political agreement reached between the Danish Government, the Danish People’s Party and the Danish Social-Liberal Party, up to DKK 14.7 billion will be allocated to strengthen Danish businesses through a range of initiatives that will increase investments, strengthen the focus on digitalization and life science and expand the tax scheme for foreign researchers.

“This agreement is an investment in the future. We are paving the way for more entrepreneurs to become successful and more Danish businesses to grow big and become more internationally competitive,” Brian Mikkelsen, Minister for Industry, Business and Financial Affairs, said.

One of the industries benefiting from the new agreement is the Danish maritime cluster as the agreement includes several initiatives that will help making Denmark a global maritime hub.

These initiatives include the abolition of registration fees for registration of merchant ships in order to attract more global maritime companies and investments, hence positioning Denmark as an attractive flag state.

Also the DIS tax scheme will be extended to include seamen working onboard special vessels such as security and supply ships, construction vessels, ice-handling vessels, ASVs.

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