2. Equity Capital
Equity capital consists of money and other assets expressed in monetary value that are contributed to a capital company for the commencement and continuation of its business activities.
Requirements:
- the equity capital may be increased by making a cash contribution. If the equity capital does not exceed EUR 50,000 after the increase, the executive board shall certify payment of the equity capital in application form KR18. If the equity capital exceeds EUR 50,000 after the increase, a statement issued by the payment service provider or another document evidencing payment of the equity capital must be submitted;
- by incorporating, in whole or in part, the positive difference between the equity capital and the amount consisting of the equity capital and reserves which, in accordance with the law, may not be used for the increase of the equity capital;
- by incorporating the statutory reserve into the equity capital, in whole or in part.
The equity capital may not be increased by a property contribution, even if it is increased to at least EUR 2,800.