The activities of the Samaväärseteks are limited to managing their assets and may not be involved in entrepreneurial activities. The annual profits of the Samaväärseteks cannot be distributed among its shareholders, except for fund breakups at end of the year's equate the assets and interest.
Samaväärseteks must be registered as a private limited liability company, and its business accounts and annual report must be submitted to the Trade Register. Its formation requires at least two to six signators of two to six shareholders using another joint application. In addition, Samaväärseteks may only be founded by cooperation of Finnish firms, public companies and comparable ones. Corporate boards are also formed within these companies.
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Samaväärseteks is a type of private limited liability company in Finnish law. It has a minimum capital requirement of €2,000, but no more than €100,000. This type of company is defined by the Finnish Companies Act and is typically used for managing assets or investments. The activities of the Samaväärseteks are limited to managing their assets and may not be involved in entrepreneurial activities.
The shareholders of a Samaväärseteks may be a single individual or a number of individuals, but the company cannot be formed by a public company or another type of legal entity. The formation of a Samaväärseteks requires a registration with the Trade Register and the submission of annual reports and business accounts. The company is subject to the same laws and regulations as other Finnish companies.
In terms of control, the capital of the Samaväärseteks is ceded to the governing board, and the annual profits of the company cannot be distributed among its shareholders, except for a fund breakdown at the end of the year. This type of company is often used for managing private assets or investments and is subject to the same laws and regulations as other Finnish companies.