The deposit of PSCs register is a new administrative formality mandatory since 2 August 2017 in order to create a company. Indeed, an additional document corresponding to the PSCs of the society have to be sent with the registration file to the official companies and commercial registry.
Made in law creates, controls and transfers this document for companies already incorporated based on a flat rate. For more information, please check our website.
This administrative formality allows to identify natural people who effectively control the society. In a first document, the company’s president identity is written down. New separated sections are created in the file according to the numbers of PSCs in the company. The people with significant control has to detain more than 25% of the company’s share capital or/and voting rights.
Furthermore, for already incorporated companies, they have until 1 April 2018 to declare their PSC(s).