{"id":4568,"date":"2020-03-31T08:30:00","date_gmt":"2020-03-31T06:30:00","guid":{"rendered":"https:\/\/honert.de\/?p=4568"},"modified":"2020-03-31T12:08:43","modified_gmt":"2020-03-31T10:08:43","slug":"digital-founding-era-company-foundation-by-mouse-click","status":"publish","type":"post","link":"https:\/\/honert.de\/en\/digital-founding-era-company-foundation-by-mouse-click\/","title":{"rendered":"DIGITAL FOUNDING ERA &#8211; COMPANY FOUNDATION BY MOUSE CLICK?"},"content":{"rendered":"\n\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-hefjdg-4f990c85b9d2f29c58baf214e79c80a4\">\n.avia-section.av-hefjdg-4f990c85b9d2f29c58baf214e79c80a4{\nbackground-repeat:no-repeat;\nbackground-image:url(https:\/\/honert.de\/wp-content\/uploads\/3629.jpg);\nbackground-position:0% 0%;\nbackground-attachment:scroll;\n}\n<\/style>\n<div id='av_section_1'  class='avia-section av-hefjdg-4f990c85b9d2f29c58baf214e79c80a4 main_color avia-section-default avia-no-shadow  avia-builder-el-0  el_before_av_section  avia-builder-el-first  hide_on_print avia-full-stretch avia-bg-style-scroll av-minimum-height av-minimum-height-40 av-height-40  container_wrap sidebar_right'  data-section-bg-repeat='stretch' data-av_minimum_height_pc='40' data-av_min_height_opt='40'><div class='container av-section-cont-open' ><main  role=\"main\" itemprop=\"mainContentOfPage\"  class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-4568'><div class='entry-content-wrapper clearfix'>\n<\/div><\/div><\/main><!-- close content main element --><\/div><\/div><div id='av_section_2'  class='avia-section av-f3uac4-75dc7a99989d96b56b2c585e4cccf92c main_color avia-section-default avia-no-shadow  avia-builder-el-1  el_after_av_section  avia-builder-el-last  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-4568'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-eerq1w-a050cc7c1150d3b7e9d2323f79df6781\">\n.flex_column.av-eerq1w-a050cc7c1150d3b7e9d2323f79df6781{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-eerq1w-a050cc7c1150d3b7e9d2323f79df6781 av_two_third  avia-builder-el-2  el_before_av_two_third  avia-builder-el-first  first flex_column_div av-zero-column-padding  '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-k8e8a10w-be45d5d5ae2fe0004839250e9003a5a1\">\n#top .av-special-heading.av-k8e8a10w-be45d5d5ae2fe0004839250e9003a5a1{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-k8e8a10w-be45d5d5ae2fe0004839250e9003a5a1 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-k8e8a10w-be45d5d5ae2fe0004839250e9003a5a1 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-k8e8a10w-be45d5d5ae2fe0004839250e9003a5a1 av-special-heading-h1 blockquote modern-quote  avia-builder-el-3  avia-builder-el-no-sibling '><div class='av-subheading av-subheading_above'>31. March 2020\n<\/div><h1 class='av-special-heading-tag '  itemprop=\"headline\"  >DIGITAL FOUNDING ERA &#8211; COMPANY FOUNDATION BY MOUSE CLICK? <\/h1><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-bxxf5w-a75c56bd87fc29c9e5c604b36da87add\">\n.flex_column.av-bxxf5w-a75c56bd87fc29c9e5c604b36da87add{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-bxxf5w-a75c56bd87fc29c9e5c604b36da87add av_two_third  avia-builder-el-4  el_after_av_two_third  el_before_av_two_third  first flex_column_div av-zero-column-padding  column-top-margin'     ><section  class='av_textblock_section av-k8e89pyh-bf1fec01c60e02839d1e84ac7f79e78d '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>The directive \u201camending Directive (EU) 2017\/1132 with regards to the use of digital tools and processes in corporate law\u201d is intended to promote digital change in corporate law. With this directive which is part of the so-called Company Law Package of the European Commission the European Legislator has set the legal framework for, inter alia, the online foundation of corporations, the online registration of branch offices and the online submission of corporate documents.<\/strong><!--more--><\/p>\n<\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-10zbwk-9521af10ccfc692f810b22ed4132b9ac\">\n.flex_column.av-10zbwk-9521af10ccfc692f810b22ed4132b9ac{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-10zbwk-9521af10ccfc692f810b22ed4132b9ac av_two_third  avia-builder-el-6  el_after_av_two_third  el_before_av_one_third  first flex_column_div av-zero-column-padding  column-top-margin'     ><section  class='av_textblock_section av-k8e8c1uh-b9bc8461716ce9e337cad277fa6371b6 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>I. Parameters of the EU legislator<\/h2>\n<p>The effective date of the Directive on 31 July 2019 has set a milestone for the digital formation of a corporation without the involvement of a notary. However, it only establishes the cornerstones for an online foundation. The implementation of the Directive in detail is the sole responsibility of the member states which have been set a deadline ending on 1 August 2021.<br \/>\nThe EU legislator intends to make it possible to form a corporation in only five banking days after submitting the application for registration to the commercial register and paying in the share capital. An online foundation with contributions in kind, however, is not possible.<br \/>\nFurthermore, corporations governed by the law of one member state should be able to register branches in other member states. In future, it will also be possible to submit company-related documents such as shareholder resolutions, particularly amendments to the articles of association and the appointment and dismissal of managing directors, online.<\/p>\n<h2>II.\tImplementation in Germany<\/h2>\n<p>Member states are granted considerable flexibility when implementing the Directive into national law. There are therefore some deviations from the Directive in the intended structure in Germany.<\/p>\n<h5>1. Digital GmbH foundation<\/h5>\n<p>For example, the Directive generally allows he online formation of a joint-stock company. However, the German legislator has made use of its so-called opt-out option, so that initially only a limited liability company [<em>Gesellschaft mit beschr\u00e4nkter Haftung &#8211; GmbH<\/em>] can be founded online. Due to the complexity of a joint-stock company, we consider it doubtful that the Directive will be extended to it. <\/p>\n<h5>2. Online identity check instead of notary appointment<\/h5>\n<p>It is also open to member states whether start-ups should only be established via online procedures or whether the founder still have to seek the services of a notary. It is currently assumed that Germany will make use of mandatory remote involvement of a notary in order to avoid abuse of law and to ensure general legal certainty.<br \/>\nSpecifically, this means that, in the context of a video conference, the notary carries out the identification of the parties involved by means of an online identification function or another means of identification of the highest security level in accordance with the eIDAS Regulation (Regulation on electronic identification and trust services for electronic transactions in the domestic market) and acts in an advisory capacity. Merely holding the identity card into the camera, as is known from online identification procedures, is considered too insecure. Using an NFC-enabled mobile phone, the notary can verify the authenticity of the identity card. If the notary has nevertheless doubts about the legal capacity or the identity of the parties involved, he is free to refuse the online authentication and\/or to request a personal appearance. The founder&#8217; s signature is then submitted by means of electronic signature and no longer by means of an ordinary signature.<br \/>\nThe procedure for identifying legal entities has not been clarified yet. They can also be online founders, as the Directive does not contain any restriction on the nature of online founders. However, the identification of legal entities can turn out to be much more complicated than that of a natural person, especially since the European legislator has not opened up the possibility of reducing the member states&#8217; existing requirements for authenticity verification. It is therefore up to the member states to provide electronic means of identification.<br \/>\nInformation on the existence and representation regulations of German legal entities can already be accessed via the electronic commercial register. This is a challenge with regard to foreign legal entities, as there is no standardized, suitable electronic proof of their existence or representation. The foreign commercial registers do not necessarily correspond in scope and legal effect to the German commercial register. Nowadays, proof in such cases must often be provided in the original document in the form of a so-called apostille. There is no comparable electronic verification procedure yet.<\/p>\n<h2>III. Conclusion<\/h2>\n<p>With regard to the competitiveness of the EU, the possibility of founding corporations online is an indispensable step. Depending on the existing degree of digitization, however, the implementation of the Company Law Package will pose various difficulties on the member states and, above all, because of the foreseeable differences in the individual member states, there will be no proper standardization. It remains exciting to see how the German legislator will manage the implementation of this Directive in terms of its compatibility with data protection guidelines and the Money Laundering Act [<em>Geldw\u00e4schegesetz<\/em>]. It is expected that even in the digital era there will be no way to permanently avoid involving the services of a notary, even if electronic communication is made possible in future instead of personal visits to the notary&#8217;s office.<\/p>\n<\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-8lk7sk-177bc781b9b7a3a9e60bc814df079a0e\">\n.flex_column.av-8lk7sk-177bc781b9b7a3a9e60bc814df079a0e{\nborder-radius:0px 0px 0px 0px;\npadding:7px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-8lk7sk-177bc781b9b7a3a9e60bc814df079a0e av_one_third  avia-builder-el-8  el_after_av_two_third  avia-builder-el-last  sy-only-desktop hide_on_print flex_column_div  column-top-margin'     ><p><div  class='avia-builder-widget-area clearfix  avia-builder-el-9  el_before_av_textblock  avia-builder-el-first '><section id=\"categories-3\" class=\"widget clearfix widget_categories\"><h3 class=\"widgettitle\">Newsletter issues<\/h3>\n\t\t\t<ul>\n\t\t\t\t\t<li class=\"cat-item cat-item-272\"><a href=\"https:\/\/honert.de\/en\/category\/2026-q1\/\">2026 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-267\"><a href=\"https:\/\/honert.de\/en\/category\/2025-q4-en\/\">2025 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-265\"><a href=\"https:\/\/honert.de\/en\/category\/2025-q3-en\/\">2025 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-263\"><a href=\"https:\/\/honert.de\/en\/category\/2025-q2-en\/\">2025 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-261\"><a href=\"https:\/\/honert.de\/en\/category\/2025-q1-en\/\">2025 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-254\"><a href=\"https:\/\/honert.de\/en\/category\/2024-q4-en\/\">2024 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-250\"><a href=\"https:\/\/honert.de\/en\/category\/2024-q3-en\/\">2024 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-242\"><a href=\"https:\/\/honert.de\/en\/category\/2024-q2-en\/\">2024 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-238\"><a href=\"https:\/\/honert.de\/en\/category\/2024-q1-en\/\">2024 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-227\"><a href=\"https:\/\/honert.de\/en\/category\/2023-q4-en\/\">2023 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-208\"><a href=\"https:\/\/honert.de\/en\/category\/2023-q2-en\/\">2023 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-206\"><a href=\"https:\/\/honert.de\/en\/category\/2023-q1-en\/\">2023 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-193\"><a href=\"https:\/\/honert.de\/en\/category\/2022-q4-en\/\">2022 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-184\"><a href=\"https:\/\/honert.de\/en\/category\/2022-q3-en\/\">2022 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-182\"><a href=\"https:\/\/honert.de\/en\/category\/2022-q2-en\/\">2022 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-177\"><a href=\"https:\/\/honert.de\/en\/category\/2022-q1-en\/\">2022 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-175\"><a href=\"https:\/\/honert.de\/en\/category\/2021-q4-en\/\">2021 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-173\"><a href=\"https:\/\/honert.de\/en\/category\/2021-q3-en\/\">2021 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-171\"><a href=\"https:\/\/honert.de\/en\/category\/2021-q2-en\/\">2021 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-169\"><a href=\"https:\/\/honert.de\/en\/category\/2021-q1-en\/\">2021 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-167\"><a href=\"https:\/\/honert.de\/en\/category\/2020-q4-en\/\">2020 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-162\"><a href=\"https:\/\/honert.de\/en\/category\/2020-q3-en\/\">2020 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-160\"><a href=\"https:\/\/honert.de\/en\/category\/2020-q2-en\/\">2020 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-158\"><a href=\"https:\/\/honert.de\/en\/category\/2020-q1-en\/\">2020 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-156\"><a href=\"https:\/\/honert.de\/en\/category\/2019-q4-en\/\">2019 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-150\"><a href=\"https:\/\/honert.de\/en\/category\/2019-q3-en\/\">2019 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-138\"><a href=\"https:\/\/honert.de\/en\/category\/2019-q2-en\/\">2019 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-140\"><a href=\"https:\/\/honert.de\/en\/category\/2019-q1-en\/\">2019 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-144\"><a href=\"https:\/\/honert.de\/en\/category\/2018-q4-en\/\">2018 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-146\"><a href=\"https:\/\/honert.de\/en\/category\/2018-q3-en\/\">2018 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-136\"><a href=\"https:\/\/honert.de\/en\/category\/2018-q2-en\/\">2018 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-128\"><a href=\"https:\/\/honert.de\/en\/category\/2018-q1-en\/\">2018 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-126\"><a href=\"https:\/\/honert.de\/en\/category\/2017-q4-en\/\">2017 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-116\"><a href=\"https:\/\/honert.de\/en\/category\/2017-q3-en\/\">2017 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-114\"><a href=\"https:\/\/honert.de\/en\/category\/2017-q2-en\/\">2017 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-142\"><a href=\"https:\/\/honert.de\/en\/category\/deals-en\/\">Deal Announcements<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-58\"><a href=\"https:\/\/honert.de\/en\/category\/uncategorized\/\">Uncategorized<\/a>\n<\/li>\n\t\t\t<\/ul>\n\n\t\t\t<span class=\"seperator extralight-border\"><\/span><\/section><\/div><br \/>\n<section  class='av_textblock_section av-jl9bo-bcf6b74d30583ee471f1aa64562bf7c1 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>More information on this topic<\/h2>\n<ul class=\"sy-list-margin\">\n<li><a href=\"http:\/\/9zh.f5b.myftpupload.com\/en\/taetigkeitsgebiete\/mergers-acquisitions\/\">Mergers &#038; Acquisitions (M&#038;A)<\/a><\/li>\n<li><a href=\"http:\/\/9zh.f5b.myftpupload.com\/en\/taetigkeitsgebiete\/corporate-law\/\">Corporate Law<\/a><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-4grkac-77fcdba561ae1c262827700090007ea4\">\n#top .hr.hr-invisible.av-4grkac-77fcdba561ae1c262827700090007ea4{\nheight:8px;\n}\n<\/style>\n<div  class='hr av-4grkac-77fcdba561ae1c262827700090007ea4 hr-invisible  avia-builder-el-11  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-1tzs7o-8836f7d1e81353cdef9a2b5121fdc2d7 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock hide_on_print'  itemprop=\"text\" ><h2>Downloads<\/h2>\n<p><a href=\"#\" onclick=\"window.print();return false\">Print<\/a><br \/>\n\n\n\n\t<div class=\"dkpdf-button-container\" style=\" text-align:left \">\n\n\t\t<a class=\"dkpdf-button\" href=\"\/en\/wp-json\/wp\/v2\/posts\/4568?pdf=4568\" target=\"_blank\"><span class=\"dkpdf-button-icon\"><i class=\"fa fa-file-pdf-o\"><\/i><\/span> Download (PDF)<\/a>\n\n\t<\/div>\n\n\n\n\n\n<\/p>\n<\/div><\/section><\/p><\/div><\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='after_section_2'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-4568'><div class='entry-content-wrapper clearfix'>\n","protected":false},"excerpt":{"rendered":"<p>The directive \u201camending Directive (EU) 2017\/1132 with regards to the use of digital tools and processes in corporate law\u201d is intended to promote digital change in corporate law. With this directive which is part of the so-called Company Law Package of the European Commission the European Legislator has set the legal framework for, inter alia, the online foundation of corporations, the online registration of branch offices and the online submission of corporate documents.<\/p>\n","protected":false},"author":26,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"mc4wp_mailchimp_campaign":[],"footnotes":""},"categories":[158],"tags":[],"class_list":["post-4568","post","type-post","status-publish","format-standard","hentry","category-2020-q1-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/posts\/4568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/comments?post=4568"}],"version-history":[{"count":12,"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/posts\/4568\/revisions"}],"predecessor-version":[{"id":4699,"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/posts\/4568\/revisions\/4699"}],"wp:attachment":[{"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/media?parent=4568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/categories?post=4568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/tags?post=4568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}