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Old 03-16-2009, 04:33 PM
Fabio J. Guzman Fabio J. Guzman is online now
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Join Date: Jan 2002
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Fabio J. Guzman Level 4 Fabio J. Guzman Level 4 Fabio J. Guzman Level 4 (250)
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There is no set limit for the end of the conversion period, but if your company is in business, you'll have to do it very quickly after June 19, otherwise, you won't be able to open new bank accounts, buy or sell in the name of the company, etc.

The C. por A. name will not be valid any longer. It will have to be changed to S.A.

For the formation of SRL's and EIRL's the paid-up capital has to be deposited in a bank until the company is registered. After this is done, the company can use the funds for its business operations.

Internal Revenue has not said anything yet about taxes on the formation of the new company structures. When these are known, we'll have an idea of what the new fees would be.

Finally, any DR1 member wishing to receive our legal news alerts on a regular basis may send an e-mail with News Alert in the Subject and their first and last names in the body of the message to info@drlawyer.com
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