CAPITAL REQUIREMENTS

Opening of a company bank account
The minimum authorised share capital of a public company is EUR 46,587.47.
In the case of a private company, the minimum authorised share capital is EUR 1,164.69.
The authorised share capital shall be subscribed by at least two persons. Nonetheless in case of a single member company, share capital shall be prescribed by only one person, being the sole shareholder of the company.
Where the authorised share capital is equal to the minimum stipulated by law, as aforesaid, it must be fully subscribed in the memorandum.
In the case of a public company, not less than 25%, and in the case of a private company, not less than 20%, of the nominal value of each share taken up shall be paid up on the signing of the memorandum.