The existing IVS companies are still valid, but no new IVS companies can be registered.

IVS is a legal entity in Denmark, which stands for Iværksætterselskab, belonging to collective ownership and is a type of limited liability company. IVS does not publicly participate in the market, with a minimum requirement of one shareholder and no maximum limit. There is also a minimum requirement of one director with no maximum limit. Unlike traditional Danish ApS companies, IVS companies do not need to appoint a legal representative or have a local person serve as a director, nor do they need a company secretary. The minimum required registered capital is 1 Danish krone, and there is no need for verification of capital. However, when the company's registered capital reaches 50,000 Danish kroner and is converted into a traditional ApS company, it must increase its capital to 50,000 Danish kroner through normal operations in order to pay dividends. The form of an IVS company follows the same rules applicable to Danish ApS companies, except for the required minimum startup capital. It should be noted that Denmark abolished the IVS company act in April 2019, and while existing IVS companies are still valid, no new IVS companies can be registered.