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• Germany how has its eur 1 corporation

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  Alexander Baron von Engelhardt    Group moderator

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  Germany how has its eur 1 corporation

  Dear all,
  
  This summer, the German Bundestag (Federal Parliament) passed a bill on the reform of German corporate law. Known as the “MoMiG” (Law for the Modernization of the GmbH and to Combat its Misuse), the bill is a very important reform of the most commonly used German corporate form, the GmbH. The reform will bring about major changes. Among other things the reform will make it possible to establish a new form of the GmbH (“Unternehmergesellschaft”) with a share capital of nothing more than 1 EURO (previously a minimum of 25,000 EURO had been required) and to establish a GmbH that has no active business in Germany but solely operates abroad.
  
  The bill has come into force on November 1st, 2008. You can read more about this on the Legal Guide to Germany, http://www.lg2g.info/gmbh.
  
  Cheerios,
  
  • 06 Nov 2008, 5:09 pm
  Alexander Baron von Engelhardt wrote: > Dear all, > > This summer, the German Bundestag (Federal Parliament) passed a bill > on the reform of German corporate law. Known as the “MoMiG” (Law for > the Modernization of the GmbH and to Combat its Misuse), the bill is > a very important reform of the most commonly used German corporate > form, the GmbH. The reform will bring about major changes. Among > other things the reform will make it possible to establish a new form > of the GmbH (“Unternehmergesellschaft”) with a share capital of > nothing more than 1 EURO (previously a minimum of 25,000 EURO had > been required) and to establish a GmbH that has no active business in > Germany but solely operates abroad. > > The bill has come into force on November 1st, 2008. You can read more > about this on the Legal Guide to Germany, www.lg2g.info/gmbh. > > Cheerios,