Financial issues
Tuition fee
There is no tuition fee for:
- Danish students
- Students from the EU/EEA countries
- Students with a permanent residence permit in Denmark
- Students with a temporary residence permit with the possibility of obtaining a permanent residence permit in Denmark ('mhp. varigt ophold' or 'mmf. varigt ophold')
- Students with a temporary residence permit with reference to the following paragraph: §7 stk. 1, 2 & 3; §8 stk. 1 & 2 ; §9 stk. 1 ; and §9c stk. 1
All other students must pay full tuition fee.
See the tuition fees and conditions here
Scholarships and grants
If you are an international student, you can - in a few cases - apply for scholarships to fund all or part of your programme at the Business Academy. All students can apply for scholarships to fund studies or internships abroad.
General costs
All students pay all other costs such as books, field trips and trips abroad themselves.
All international students must pay a material fee of € 100 prior to admission. The compulsory material fee covers expenses such as print-outs, handouts, student card, introduction arrangements for the first semester, etc.
Living expenses in Denmark are quite high. We strongly recommend that student have enough money to cover their living expenses for the first 6 months.
See an example of a student budget (pdf)
Currency
The Danish currency is the krone (DKK), divided into 100 øre. The exchange rate is approximately 7.45 DKK for € 1.
Bank account
You should open a bank account in Denmark, especially if you want to pay your rent directly from your account. If you find a student job in Denmark, you must have an account in a Danish bank.
To obtain a bank account you need to show your passport and CPR number. You will get a bank account and a bank card within two weeks.
When choosing a bank, you may be interested in asking about the fees and charges for withdrawing money from an ATM, card payments at local supermarkets or shops or when paying the rent or the bill for your phone or any other subscription directly from your account.
Tax
The tax system in Denmark is rather complicated, as there are income thresholds that correspond to different tax levels. In short, taxes can range from 8 to above 50% of a taxpayer’s gross income. The high taxes are a logical consequence of welfare policies such as free health care and free education.
If you get a job, you will have to pay tax in Denmark.
To get a tax card etc. see SKAT (the tax office)
You will only be able to receive personal assistance at a tax centre in special cases - and only by appointment.
You must have a work permit and a CPR number to get a tax card.
Favourable taxation rules
There might be favourable taxation rules applying to students coming from the following countries: China, the Faroe Islands, Greenland, Iceland, Indonesia, Israel, Morocco, Pakistan, the Philippines, Romania, Thailand, Trinidad and Tobago, Tunisia, Turkey, Ukraine, Venezuela, Vietnam, and Zambia.
Please contact SKAT for further information. You might refer to ”dobbeltbeskatningsaftalerne”.