How and when is the capital of the Company paid? What is the type of shares are there? How are the shares transferred?

The formation and registration of the Company are made and the authorised capital is only nominated (it is not paid up). There is no need for the authorised capital to be increased to correspond to the real value of the Company's property.

The shares or the certificates of shares are issued in registered form or in bearer form according to the provision of the Memorandum and the Articles of Association.

The shares or certificates of shares are delivered to the owners after board resolution and can be easily transferred.