| What are the different
types of company that are available to be incorporated? |
a) General or limited partnership
b) Corporation: private limited company and public limited
company (Joint stock company)
|
| What documents are
required to incorporate these companies and what are
the other registration requirements? |
a) Application for registration with name, legal
form, seat, address, branch, date of articles of formation,
names of partners (limited partners and their capital
shares) plus certified samples of signatures of unlimited
partners
b) Articles of incorporation, appointment of legal
representative, bank confirmation of capital payment,
certificate of capital tax payment (1% of paid in
capital), list of shareholder list of directors and
their signature samples
Formal opinion of chamber of commerce, together with
application for registration. Permission of registration
by the commercial court, publication of registration.
|
| How long (approximately)
does this process take from start to finish? |
From the time the articles etc are signed by the
partners:
a) Two weeks
b) Four weeks
|
| What are the capital
requirements (minimum amounts, types of capital, limits
of shareholders liability) |
a) No capital requirements but must be established
turnover, number of employees, premises etc.
b) Capital of private limited company - total minimum
of €35,000, of which 50% has to be paid in cash
from the start. Liability limited by the stipulated
capital contribution of any size down to €70
Share-capital of public limited company min. €70,000,
liability limited by shares
|
| What is the minimum
management requirements (e.g. types of office holder
or nationality requirements, etc.)? |
a) Representation by at least one unlimited partner/general
partner
b) Private company - representation by one or more directors
who may be shareholders
c) Public company - executive board.
In all cases no nationality requirements.
|
| Approximately, what
is the local currency cost in relation to formation
expenses and taxes? |
a) Approx €500
b) Approx €3000
|
| What
publicity is required (e.g. filing of accounts, publication
of other information)? |
a) No publicity apart from the registered
data
b) Submission of annual financial statement (balance
sheet, profit and loss account) and report to the corporate
register
|
