❓Company Questions

Frequently Asked Questions (FAQ) for Companies Using The Digital Notary

1. What is the Digital Notary and what services does it offer?

• The Digital Notary, offered by Bondex in collaboration with Nxchange, provides digital services for the efficient issuance, management, and transfer of shares in a BV (Besloten Vennootschap). It includes digital share registers, capital raising, and online incorporation of companies.

2. Is a STAK (Stichting Administratiekantoor) necessary when using the Digital Notary?

• No, the Digital Notary eliminates the need for a STAK by digitalizing the process of share issuance and management, making it more efficient and straightforward.

3. What types of shares can be issued using the Digital Notary?

• Companies can issue two classes of shares: Class A shares with voting rights, typically for founders and VCs, and Class B shares without voting rights but with profit and meeting rights, ideal for small investors.

4. How many shares are issued during incorporation using the Digital Notary?

• A standard issuance involves 200 million shares, divided into 100 million Class A shares and 100 million Class B shares, each with a nominal value of €0.00001. Not all shares will be in use. We keep them in 'treasury' which will not be part of the valuation of the company.

5. What are the benefits of using the Digital Notary for capital raising?

• The Digital Notary enables companies to be 'investor ready' by setting up statutes to facilitate easy capital raising. Companies can attract ongoing growth capital seamlessly through an online platform.

6. How does the Digital Notary handle the onboarding of shareholders and investors?

• The Digital Notary conducts initial and ongoing KYC/AML checks and source of funds verification for investments over €100k and €500k. Shareholders and investors are onboarded digitally.

7. Can shares be transferred without a notary using the Digital Notary?

• Yes, shares can be transferred digitally without the need for a notary. The platform provides options like transaction requests, bulletin boards, and order boards for share transfers.

8. What are the key components of the Digital Notary License Agreement?

• The License Agreement details the roles and responsibilities of the Digital Notary, founders, shareholders, and STAK (if applicable). It includes the scope of services, issuance and management of shares, compliance, and fees.

9. How are corporate actions managed using the Digital Notary?

• The Digital Notary facilitates corporate actions such as dividend payments, interest payments to bondholders, share conversions, and stock splits through its management portal.