Question: Can I convert free reserves (previous years profits) in my IVS to share capital instead of depositing new capital?


(This Q&A was posted on: 26.3.2021)

Question: Can I convert free reserves (previous years profits) in my IVS to share capital instead of depositing new capital?

Answer: Yes, that is possible. The conversion of free reserves to share capital has always been an option and continues to be so.


Link to relevant blog about converting IVS to ApS




Get the latest news from Dania Accounting

If you are not ready to sign up as a client with us yet, then we are happy to keep you in the loop when we release new videos, podcasts, blogs and relevant information for companies in relation to incorporating companies, accounting, tax, VAT and Covid-19 compensation packages.

*

Do you have any questions to our downloads?