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Originally Posted by Adam Spenser
1. To continue a Societe Anonimas do we have to increase the capital of the corporation to 30 million pesos?
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You have to increase AUTHORIZED capital to 30 million pesos and paid-up capital to 10% of that, 3 million pesos. You pay 1% tax to DGII on the AUTHORIZED capital.
And you have to do it before June 11, 2009 if you want to operate as SA
Quote:
Originally Posted by Adam Spenser
2. Do we have to deposit the 30 million pesos in a bank?
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Not sure on whether the paid-up capital has to be deposited somewhere.
Quote:
Originally Posted by Adam Spenser
3. If a new SRL or EIRL is formed do the shareholders wil have personal liability, which they do not have with an S.A.?
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No, if they use "SRL" or "EIRL" along with the company name on business stuff (invoices, letterheads, etc.)