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The requirements for BVs are almost identical to the ones for NVs, but there are some differences between the entities. The main ones are outlined below:

  • a) Bearer shares can be issued only by NVs.
  • b) Only NVs are allowed to list shares on the Exchange Market.
  • c) The minimum share capital that needs to be issued and deposited for NVs is 45 000 EUR. No minimum requirement is set for BVs.
  • d) NVs can buy back one tenth of the issued share capital while BVs can buy back the whole capital, on the condition that a single share giving the right to vote is owned by another party.

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