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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

ActionDeadline

Penalty for breach (EUR)

Legal entity / Responsible person

Calculation of tax pre-payment8 days1,200-30,000 / 600-4,000
Registration of Ultimate Beneficial Owners8 days3,000-60,000 / 400-4,000

Advisable actions

Action
VAT ID registration