Tag: Anfangskapital

Stay up to date - the Anfangskapital RSS-Feed

Different Proofs of Initial Capital: Not Really Alternative Options

As proof of the funds required for business operations pursuant to § 32 par. 1 sent. 2 no. 1 of the German Banking Act, a confirmation of a CRR credit institution with its registered office in a state of the European Economic Area shall be submitted, stating that the initial capital has been paid in, is free of third-party rights and is at the free disposal of the managing directors.