How I Got a Free NemKonto for one man's company in Denmark
Free bank account and NemKonto without annual fees for enkeltmandsvirksomhed with Revolut Pro
I've discovered coding back in 2013 and three years later I spent all my summer building my first Laravel app which is still in production by the non-profit I've built for.
Now I'm struggling to find the balance between enjoying the power of "I can build this myself" and not chocking myself to death trying to build everything myself.
As it is common for developers to be less articulate, I decided to leverage writing about my endeavours, to keep me up.
As I strive to improve Danish, I wrote this article first in Danish and then AI-translated to English. Read Danish version here https://lukasnotes.dk/hvordan-jeg-fik-gratis-nemkonto-til-min-enkeltmandsvirksomhed.
My Story
When ChatGPT came out, I was inspired to try building something in my spare time. In 2023, I opened a tiny sole proprietorship. I also opted to get a VAT number, as I could use it when ordering cloud services without paying an extra 25% in VAT. It's called EU reverse charge. And of course, this comes as a huge advantage for someone who only uses their own salary money and runs a non-commercial business.
Long story short, in 2024 I discovered that I had around 1,500 kroner stuck in the Danish Agency for Digital Government. Even though a sole proprietorship is almost the same as if I had done things without registering it, it doesn't use the same NemKonto. This is what I was told by a SKAT employee during a call regarding VAT.
I just want to say that SKAT's helpline is always so good and kind at explaining things and being patient with me as a foreigner who knows so little. I really appreciate that about Denmark.
Nevertheless, I did a little research and found that the cheapest account I could get still costs four thousand kroner per year. The idea is that you shouldn't have to pay Danish banks, but when you're not making a profit, it doesn't make sense to pay. I also had a good conversation with my friend, who has been self-employed for many years now, and he said that unfortunately, there's no free solution in the country.
But when I was receiving SU (Danish student grant), I once tried changing my NemKonto to the German N26 bank, and it worked perfectly. So I thought, why couldn't I do the same in this situation? I have a private Revolut account. But Revolut also has a freelancer add-on as an account for private users. It's called Revolut Pro. And it's not the same as Revolut Business or Lunar Business, which both have fees as of last year. The best thing about Revolut is that you can have many different currencies at the same time. So it's perfect for me.
The How-To
A quick Google search, and I looked at the NemKonto website: https://www.nemkonto.dk/virksomhed/nemkonto-for-virksomheder/nemkonto-i-et-udenlandsk-pengeinstitut/
UPDATE on January 2026: They have finally added ability to setup account using MitID - took long enough, dear Denmark. Look for tab called “Application with MitID Erhverv”.
Under "Application without MitID Business" I found a PDF form: https://www.nemkonto.dk/media/0pmjunqx/dk-blanket-virksomheder-webtilgaengelig.pdf
My first thought was that I would need to pay for legal services to get approved. But after reading it again, I saw that it's enough for two Danish citizens with CPR numbers to sign it. That's exactly what I did. I printed and filled out the PDF with my IBAN from my Revolut Pro account with DKK currency and, of course, my CVR number. I asked two of my colleagues at work to sign it, scanned it, and sent it in through the NemKonto contact page here: https://kontakt.nemkonto.dk/
The same day, I got a reply by email that it would be forwarded to the Digital Government Agency. And after 3-4 weeks, I got a response in my e-Boks saying that I should wait for a One-Time Code in my mailbox. It arrived a couple of days later (thanks PostNord), I followed the instructions on the paper, got activated, and within two days, the money was in my account.
Super easy, completely free. I would say that the Revolut app is even better than DanskeBank, but of course, it depends on one's taste.
