What is a PMV (small personally owned business)?

In short

A PMV (personligt ejet mindre virksomhed) is a registration form for small personally owned businesses with revenue below DKK 50,000 a year — without VAT or employer registration.

In practice

A PMV is an easy start for hobby and side projects. Pass DKK 50,000 in revenue and you must re-register as a sole proprietorship and register for VAT.

Related terms

• Enkeltmandsvirksomhed (sole proprietorship)
• Momsregistrering (VAT registration)
• See every term in the dictionary

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