The minimum authorised share capital of a public company is €46,588. In the case of a private company, the minimum authorised share capital is €1,165. The authorised share capital shall be subscribed by at least two persons.
Where the authorised share capital is equal to the minimum stipulated by law, as aforesaid, it must be fully subscribed in the memorandum. Where it exceeds such minimum, at least that minimum shall be subscribed in the memorandum.
In the case of a public company, not less than 25%, and in the case of a private company, not less than 20%, of the nominal value of each share taken up shall be paid up on the signing of the memorandum.