In summary the new Act on BVs adopts the changes listed below (among others):

  • waiver of the requirement for a minimum capital of 18 000 EUR;
  • waiver of the requirement for a bank / auditor statement;
  • it is sufficient to have a single share giving voting rights owned by another party;
  • denomination of share capital in different currencies is allowed;
  • no mandatory restrictions on share transfer in the AoA;
  • more flexibility in distribution of voting / profit rights by means of shares;

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