Post-Incorporation Compliance
Shortly after incorporation - no more than 8 days, each company must fulfil several regulatory obligations - regardless of whether the company is actively conducting business or plans do to so in the near future. Failure to meet these obligations may result in substantial monetary fines being imposed upon both the company and its responsible person(s) (director(s)).
Ensuring timely compliance is further complicated by the fact that a recognized qualified digital cerfiticate must be used to gain access and e-sign the applications.
We can take care of these actions on basis of a simple Power of Attorney signed by the representative(s) of the company - a PDF scan of a hand-signed power of attorney will suffice.
Mandatory actions
Action | Deadline | Penalty for breach (EUR) Legal entity / Responsible person |
---|---|---|
Calculation of tax pre-payment | 8 days | 1,200-30,000 / 600-4,000 |
Registration of Ultimate Beneficial Owners | 8 days | 3,000-60,000 / 400-4,000 |
Advisable actions
Action |
---|
VAT ID registration |