The #1 alternative
Commenda vs TMF Group vs Vistra
Running a Danish ApS across a multi-country group? Here's how a platform compares to two global corporate-services firms.
Comparison at a glance
TMF Group and Vistra deliver Denmark through local offices. Commenda runs four suites across 70+ countries, so one platform takes you from your Danish ApS to a full multi-country group.
Commenda
Global entity management software with complete compliance. Sets up your Danish ApS (CVR registration, registered address, local representative with MitID access) and runs accounting, CIT, VAT, and payroll alongside entities in 70+ countries.
TMF Group
Global corporate-services firm, 125+ offices in 87 jurisdictions, Copenhagen office since 1999. Incorporation, registered office, directorships, secretarial, bookkeeping, and tax reporting in Denmark. Pricing is quote-based.
Vistra
Global corporate-services firm in Denmark and many jurisdictions. Company formation, corporate secretarial, accounting, tax, and entity administration. Pricing is quote-based.
Feature comparison
Why we do it better
 | TMF Group | Vistra | |
|---|---|---|---|
| Starting price (incorporation) | $4,150 | Quote-based | Quote-based |
| ApS registration with CVR | |||
| Registered address + domiciliation | |||
| Local representative w/ MitID access | Model-specific | Model-specific | |
| Company secretarial / directorships | |||
| VAT (moms) registration & returns | |||
| Annual report & CIT return | |||
| Ongoing accounting & payroll | |||
| Transfer pricing (cross-border + CbCR) | Model-specific | Model-specific | |
| Multi-entity consolidation | Model-specific | Model-specific | |
| Single audit trail in software | |||
| Delivery model | Software platform | Local offices + engagement | Local offices + engagement |
| 100+ ERP integration support | |||
| Jurisdiction reach | Global, 70+ | 87 jurisdictions | Multi-jurisdiction |
| Transparent posted pricing |
Built for different buyers
Pricing compared
Advertised rates as of June 2026. Competitor pricing changes often.
Commenda
$4,150incorporation
- Includes entity registration, government and legal fees, and CIT registration
- Modular add-ons: registered address $3,000/yr, local representative $3,000/yr, VAT, accounting, payroll
- Posted pricing, plus transfer pricing and consolidation
- Customers typically retire 3 to 5 vendors
TMF Group
Quoteper engagement
- Incorporation, registered office, directorships, secretarial, bookkeeping, tax reporting
- Priced per engagement and scope; no public posted pricing
Vistra
Quoteper engagement
- Company formation, corporate secretarial, accounting, tax, entity administration
- Priced per engagement and scope; no public posted pricing
How each model works
What's the difference?
How TMF Group and Vistra stack up against Commenda for entity management in Denmark.
Commenda: Denmark managed on one software platform
- Sets up the ApS (CVR registration, registered address, local representative with MitID access)
- Then runs accounting, CIT, VAT (moms), payroll, and transfer pricing
- Consolidates Denmark with entities in 70+ countries, one audit trail, posted pricing
TMF Group and Vistra: Denmark managed through local offices
- Full corporate-services delivery in Denmark and many jurisdictions
- Engagement-based, quote-based scope
- Coordinated through offices and engagement teams rather than one software platform
Making a decision
Which one should you choose?
The right fit depends on your footprint and stage in Denmark.
Choose Commenda if…
- You want Denmark managed alongside the rest of your group on one software platform
- You want posted pricing, a single audit trail, and 100+ ERP integrations
- You want CVR registration, local representative, VAT, CIT, accounting, and transfer pricing in one place
Choose TMF Group if…
- You want a traditional local-office service model across many jurisdictions
- You are an enterprise comfortable with engagement-based, quote-based scope
Choose Vistra if…
- You want administered entities and fund or corporate-services delivery across countries
- You prefer a local-office firm and engagement-based pricing
Common questions
Yes. TMF Group has a Copenhagen office (TMF Denmark A/S, since 1999) and Vistra operates in Denmark. Both deliver incorporation and ongoing corporate services. Commenda runs Denmark as software, one platform alongside 70+ countries.
For an enterprise that wants a traditional local-office service model, TMF Group and Vistra are credible. Commenda is the better fit when you want posted pricing, software-native delivery, a single audit trail, and transfer pricing and consolidation across 70+ countries on one platform.
$4,150 for the ApS (entity registration, government and legal fees, CIT registration), then modular ongoing services. TMF Group and Vistra are quote-based with no public posted pricing.
A Danish local representative with MitID access is mandatory when your company has no Danish-resident management. Commenda provides one for $3,000/year.
Yes. Commenda consolidates Denmark with entities in 70+ countries on one platform, with one audit trail and 100+ ERP integrations, plus transfer pricing and CbCR.
About one week end-to-end (structuring, documentation, escrowed share capital, CVR registration and CIT registration), excluding time to gather KYC documents.
100 questions, from real customer calls.
The questions finance teams actually ask about entity management: EINs for non-residents, Delaware vs Wyoming, cleaning up the entities a previous provider left behind, and more. If you're looking for something, you'll find it here.
