Initial and relevant obligations of an SE
Members and Share Capital
The SE is a public company with share capital and the liability of its members is limited to the amount of nominal capital with which it intends to issue. An SE may invite the public to subscribe for its shares and may be listed on the stock exchange. The number of members must be at least seven (7), except in the case of incorporating a subsidiary SE, where is the sole member.
The SE memorandum of association must state the amount of nominal company with which it intends to register. The nominal capital may consist of issued and non-issued share capital. The issued share capital corresponds to the amount of the nominal capital which the company has issued to its shareholders, while the non-issued share capital corresponds to the amount of the share capital which has not yet been issued.
The total capital of an SE under incorporation, which was offered for registration, must amount to at least one hundred and twenty thousand euros (€120.000).
Information regarding the SE share capital and the first shareholders of the company, depending on the type of incorporation, are notified to the Registrar of Companies with the forms ED1, ED2, ED3, ED4 or ED5.For further information, please refer to the page Updating Share Capital & shareholders.
