Establishment of a Limited Company

Establishment of a Limited Company

Forming a Limited Company is to obtain an identical regime of Limited Liability Company but with a difference, you do not need a minimum initial capital to establish society.

But even a minimum capital is not requested, until the amount of 3,000 €  is reached, it is necessary that at least 20 of profit for this destined to the legal reserve.

As to the liability of the partners must respond jointly to set minimum capital, 3,000 euros.

They are limited remuneration to partners and managers for their positions, the annual amount thereof should not exceed 20 of net assets related to the year until the capital stock of € 3,000 is reached.

Once you have provided this company, the minimum capital of € 3000, will become a Limited Company and is governed by its rules. Until then it has certain limits and obligations.