Fra IVS til APS, Kapital

Hi. 

The new law was passed and the deadline has been extended for IVS to be converted to the APS until November, and the rules have eased up the process.

My company has had a nice Decembar month, and as of January, there is around 100.000 kroner of cash on the company's bank account, as well as 150.000 worth of goods in company's storage, company has no public or private debt what so ever.

I am aware that there is a requirement that there has to be 40.000 of capital in the company in order to re-register, so my question is, how does the company's Cash, becomes the company's capital that is required for re-registration?

igorpav89:

Hi. 

The new law was passed and the deadline has been extended for IVS to be converted to the APS until November, and the rules have eased up the process.

My company has had a nice Decembar month, and as of January, there is around 100.000 kroner of cash on the company's bank account, as well as 150.000 worth of goods in company's storage, company has no public or private debt what so ever.

I am aware that there is a requirement that there has to be 40.000 of capital in the company in order to re-register, so my question is, how does the company's Cash, becomes the company's capital that is required for re-registration?

Otherwise you will have to wait for the new law to come into force - and then add new capital your self - in addition to the original - so it reaches 40.000 in total. Using the companies result (not cash as such but the free capital - transferred results 31/12) or values can only be done via auditor declaration

br John Hannover

I will defenitely wait for the new guidlines, but that leaves the question, which is, can company's cash be simply converted into a share capital, or does the company's cash needs to be paid out first, and then injected by the owner/shareholder as a share capital...

 And this I am checking upon first because it is very expensive to hire an auditor for such thing, and I want to avoid hiring the auditor only to be told that even though a company has lots of cash, that cash cannot be used as capital, and then have do it over again.

igorpav89:

can company's cash be simply converted into a share capital, or does the company's cash needs to be paid out first, and then injected by the owner/shareholder as a share capital...

Own money can be existing or you get them as salary after tax in the IVS (or from dividend - but that is much the same tax unless you pay top-tax, as the company will have paid 22% company tax first) - So to get eg 40.000 out - you will need a salary of about 66.000 from the company

br John Hannover

It will not be a problem to hire an auditor, that was the plan from the beginning, yet just to know if it can be done with an auditor. 

If companys cash can be registered as capital by an auditor who charges 5.000 for his services, it is still cheaper than to pay the money out and inject it yourself as share capital if i am not wrong?