Summary about changes in the Act on BVs

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In summary the new Act on BVs adopts the changes listed below (among others):

waiver of the requirement for a minimum capital of 18 000 EUR;
waiver of the requirement for a bank / auditor statement;
it is sufficient to have a single share giving voting rights owned by another party;
denomination of share capital in different currencies is allowed;
no mandatory restrictions on share transfer in the AoA;
more flexibility in distribution of voting / profit rights by means of shares;

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