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|Spanish to English translations [Non-PRO]|
|Spanish term or phrase: suscritas y desembolsadas|
|El capital social al cierre del ejercicio está representado por X acciones al portador de X euros nominales cada una, totalmente suscritas y desembolsadas.|
|subscribed and paid up|
The equity participation of foreign investors in banks established or wishing to establish themselves in the Dominican Republic is restricted to 49 per cent of the subscribed and paid-up capital.
362.035. Certificate of incorporation -- issuance -- to be recorded.
1. In case the director shall find all the provisions of the law have been complied with and shall have satisfied himself by such investigation as to the facts as above provided, he shall grant a certificate setting forth that such corporation has been duly organized and the amount of its capital subscribed and paid up in full. As to all certificates granted by the director subsequent to August 29, 1959, the same shall designate the address and location in the city and town at which the corporation shall be authorized to conduct its business until such time as said address or location is changed after the approval of the director of finance has first been obtained.
Selected response from:
Maria Luisa Duarte
Local time: 16:08
|4 KudoZ points were awarded for this answer |