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Details - Information last confirmed on June 10, 2021
Register: District Court of Hamburg HRB 74488
Director and CEO: 1
Share Capital: 60,000 euro divided into 1 euro per share
Available for Sale: 80%
The German Public Company ("Aktiengesellschaft") was registered February 24th 2000, 21 years of age, and registered in the District Court of Hamburg. There is only one Director and CEO who is the major shareholder of 80 percent of the company. The company has the share capital of 60,000 euro.
1. The company is not listed on an exchange, but it is a public company with public shareholders. Also, the company has a large tax-loss-carry-forward of approximately EUR 930,000. So income of up to EUR 930,000 can be distributed tax-free, provided that the income is derived from some sort of financial business (as per the statues / memorandum of association).
2. This is a financial services company. It used to operate introducing broker for FOREX and CFD's. It can be taken over for a good price. This company has a long-standing history of over 20 years and is fully licensed by the German financial regulator.
3. The firm is reputable, having started in 2000 during the beginning days of day trading and currency trading in Germany. The Company took advantage of a growing trend to set-up “Internet Like Cafés” or trading centers for people interested in trading. Internet connections and online trading was not readily available, and therefore, people would come to the centers to trade. Over the onset of internet trading, the hubs became less and less popular to use and the company downsized to an online business only, reducing the company to an owner operated business. This is a company that was an introducing broker for SAXOTrader. They discontinued this business.
4. The company has a large database of investors, all with opt-in details, that would be transferred to the new owner.
5. There are a few outside minority shareholders, they have not responded to any invitation to shareholder meetings or other communications for years. They may moved away, nobody knows. The shareholders technically can have shares revoked through a court process, but is not necessary if you take over the company, and reverse a new financial services company in, increasing the Capital of the company from 60,000 euro. The idea here is to put another operation inside this company, based on a valuation. The asset that you have here is a 930,000 EURO tax-loss carry forward that can be used for another business in the financial sector. At a 50% tax rate, this would amount to 465,000 EUR in net tax savings. In addition, the Public Company structure allows for easy listing on a German Stock Exchange. Therefore, on top of that you have an unlisted German public company (Aktiengesellschaft) with 20+ years of operating history. All tax filings are current and the company is debt free. Also, there is an extensive opt-in database of German FOREX investors that was built up over 20+ years.
6. In order to offer asset management services and hold funds from investors, you would need a (partial) banking license. This registered German Financial Service Provider operates under a different legal structure. It offers its clients services as an "Introducing Broker", i.e, it doesn't have access to clients' funds. Funds go straight into the customer
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