No stamp tax on capital exists. The date on the incorporation certificate is the date that the company begins to exist. The IBC is prohibited from anything other than international trade or business. Capital A company needs to have a minimum of one shareholder. No legal minimum capital required.
Shares can be of no-par value.
Bearer shares are allowed but shares cannot be issued until the amount is paid in full. A solvent company may purchase and cancel its shares. Management A company needs a minimum of one director. A director's responsibilities and liabilities are explicitly written in the Act. The authority of the director can be restricted by the unanimous agreement of the shareholders.