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Glossary of terms

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Administration of investment contributions of the company

This institute allows overtaking deposits for the company prior to its incorporation

The administrator of deposits is:

  • one of the founders (mentioned in the founding document)
  • or bank (only cash deposits, under contract from the bank)

Administrator's duties:

  • require the transfer of deposits that must be paid before the incorporation of the company
  • proper governance
  • provide a written declaration of repayment of deposits by shareholders for the purpose of registration in Commercial Register
  • transfer investment contributions