The crown prince, 55, and his Australian-born wife Mary, 51, who will become queen, were scheduled to leave the royal palace at 12.35pm (GMT) in a 1958 Rolls-Royce. Margrethe will follow by horse carriage a few minutes later to take her final ride as monarch through the streets of the capital.
The signing of the abdication will take place during a meeting of the Council of State at parliament where government ministers, Frederik and his oldest son Christian, 18, and the new heir to the throne, will participate.
Soon after, Prime Minister Mette Frederiksen will proclaim the new king on the balcony of the parliament and Frederik will give a short speech, before the new king and his wife ride by carriage back to the palace.
The Amalienborg complex, built in the 1750s, is located in central Copenhagen and consists of four palaces built around an octagonal courtyard. It is home to both the outgoing queen and the new reigning couple.
Major back surgery
Margrethe, who in the past had said she would remain on the throne for life, did not give an exact reason for her decision to step down but said that a major back surgery she underwent in February last year had made her consider her future.
“It could be that she thinks Prince Frederik is prepared to take over now,” said Lars Hovbakke Sorensen, a historian and associate professor at University College Absalon in Denmark.
“He’s 55, and maybe the queen wanted to avoid a situation where you would have a very, very old king, as you saw with Prince Charles.” The British king was 73 when he ascended the throne after his mother Elizabeth II died in September 2022 aged 96.
The new king and queen will take the throne at a time of huge public support and enthusiasm for the monarchy. The most recent survey done after Margrethe announced she would abdicate indicated that 82 per cent of Danes expect Frederik to do well or very well in his new role, while 86 per cent said the same about Mary.