Type of company |
Stock Corporation (Aktiengesellschaft, AG), Limited Liability Company (Gesellschaft mit beschraenkter Haftung, GmbH) |
Minimum authorised share capital |
AG – 70,000 EUR
GmbH – 35,000 EUR |
Paid-in capital |
50% of the share capital prior to incorporation |
Minimum number of shareholders |
1, individual or corporate, resident or not |
Minimum number of directors |
one individual, resident or not |
Nominee services |
available (upon additional agreement with the lawyer) |
Public disclosure of information |
directors’ and shareholders’ details are entered in the public register (but not in AG); information on the beneficial owner may be kept confidential |
Taxation |
about 100 taxes and duties, including corporate income tax of 34% (from 2005 - 25%), tax on trade - 13%; VAT – 10-20%, capital transfer tax 1%, etc. |
Submit annual return and accounts |
yes |
Annual audit |
required (for GmbH only subject to certain conditions) |
Need to travel |
no (upon additional agreement with the lawyer) |
Additional information |
Hague Convention 1961 applies;
Double Taxation Convention with Russia signed in 10.04.81 |
Jurisdictions
