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Geez. They should incorporate (or form a non-profit) somewhere where it is closer to $500 instead of €50,000. My Delaware Registered Agent does all the paperwo
by rebelde 16y ago
Geez. They should incorporate (or form a non-profit) somewhere where it is closer to $500 instead of €50,000. My Delaware Registered Agent does all the paperwork for $329, and I think it can be even cheaper if you register on your own.
- Maakuth 16y agoI don't think it's about the cost of paperwork. I assume they get to keep the money, and the point with this requirement is that something's actually going to happen in the Stiftung with this kind of money. Wikipedia has more information about the topic[1]. They seem to say there that the 50k€ isn't a strict requirement, but more like a recommendation. 1: http://en.wikipedia.org/wiki/Stiftung#Germany http://en.wikipedia.org/wiki/Stiftung#Germany
- rebelde 16y agoI realized that they get to keep the money, or at least most of it. Just it seems like an recommendation/requirement that shouldn't exist. Despite this, I think it makes a great excuse to get 50,000€ in the bank, which can help in other ways.