Setting up a limited company

It costs 240€ to make an electronic declaration to the Trade Register and 380€ for a paper declaration. There is no longer a minimum share capital requirement for limited liability companies. However, if you want to set up a public limited company, the minimum share capital is 80 000€.

Even without the minimum share capital requirement, it is advisable to set aside money for the initial purchases and running costs of a limited liability company for at least the first 2-3 months, as it always takes a while for sales to turn into cash. If you want to set up a public limited company, on the other hand, the minimum share capital is 80 000€. Ask our experts for more information on the cost of setting up a limited company.

A new limited liability company must be registered in the joint system of the National Board of Patents and Registration (PRH) and the Tax Administration within three months of signing the contract. To register, you will need the articles of association and the statutes. You will also need an assurance from the board of directors, among others, that the provisions of the Limited Liability Companies Act will be complied with.

If necessary, the limited liability company must also be registered in the Tax Administration’s registers of taxpayers subject to withholding tax, employers’ tax and VAT. In addition, after registration, the company’s beneficiaries must be notified by a separate declaration to the Trade Register.

We will take care of all the documentation for you, so contact our experts and save yourself extra costs!

A limited liability company can be formed either alone or together with other future shareholders. However, to set up a limited liability company alone, a deputy member of the board is required. Otherwise, in the case of sole formation, the shareholders and the board of directors consist of only one person.

If you form a limited liability company on your own, you must have permanent residence in the European Economic Area. If there are several members on the board, at least one of the full members of the board of the limited company you are setting up and one of the alternate members, if any, and the managing director of your company must have their permanent residence in the EEA. Otherwise, they will need to obtain a license from the Patent and Registration Office to hold management and responsibility positions in your company.

The founder of the limited company must also be of legal age. A person under 18 years of age can only form a limited liability company with the consent of a guardian or trustee. A company or other entity can also set up a limited liability company. However, the member of the board of directors and the managing director, if any, must be a natural person.

An investment company is often defined as a limited company that actively invests in listed shares, funds, derivatives, cryptocurrencies, unlisted shares, housing shares, real estate, etc.

Investment companies are also often referred to as holding companies. These are not necessarily exactly the same thing and it is often difficult to draw the line. In most cases, holding companies, as the name implies, passively “hold” investments such as shares in unlisted companies.