Besides the desired investment, the investor will transfer the operational and the incorporation costs. The amount invested and the additional costs represent a contribution to the capital of the SPV. All these amounts will be transferred in RON, using the exchange rate communicated by the bank, where the share capital account will be opened on the day of the incorporation of the SPV.
An amount equal to 1.0% of the investment is established to cover the operational expenses of the SPV for the first two years. After the expiry of the first two years, the investor will transfer each year to the SPV, at the latest by the end of the first month of that year, an amount equal to 1.0% of the investment, which will constitute a participating loan, to cover the SPV`s operational expenses for that year. The incorporation costs amount to a total of EUR 1000 in the case of setting up a limited liability company (LLC) or EUR 1500 in the case of setting up a joint-stock company (SA). These costs are shared pro-rata between investors, depending on the amount invested. Considering its role in facilitating fundraising, will be entitled to a success fee of 7.5% + VAT.