European Commission - Growth

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Small Business Act - Database of good practices

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:::Archived:::
Id 272
Year of submission 2007
01. Title of the measure Abolition of the minimum capital required for the establishment of a limited liability company
02. Country
03. Language English
04. Contact details
Responsible organisation Ministry of Economy & Ministry of Justice
Name and Surname of contact person Mr. dr. M. Meinema
Street and number Postbus 20101 2500 EC DEN HAAG
Postal code
City
Country
E-mail of contact person m.meinema@minez.nl
Website of organisation www.ez.nl
 
 
05. SBA policy area Better public administration- cutting red tape
06. Source European Charter for Small Enterprises
07. Description of the measure FINALISED<p> Abolition of the minimum capital of €18 000 required for the establishment of a limited liability company. This is expected to have a positive economic effect because it will be easier for small businesses and start-ups to choose a legal status with limited liability. It will make investments in the company more attractive. The required blocking arrangement, bank declaration and the accountant's declaration for contributions in-kind will also be abolished.
08. Objectives More business start-ups and more economic growth
09. Duration (dd/mm/yyyy)
Start Date
End Date Measure open-ended
Other Information Implementation expected on 01.01.2008 - No end date
10. Target group Starting entrepreneurs
11. Have you consulted business organisations before submitting this measure? No
11.1 Comments/testimonial by business organisation/entrepreneur
12. Results achieved Not applicable, measure still to be implemented
13. Evaluation
14. Why is this measure a success? Please give information on results and achievements. Not applicable, abolishment of current provisions.
15. Problems that had to be overcome and lessons learned
16. Information on the measure can be provided in the following languages
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