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Title: Aragón Real Estate
Description: Registering


Sofia de Aragón - September 28, 2005 03:02 PM (GMT)
Owners Information
Name: Ms. Sofia de Aragón
UTIC:
Number of shares: 1000 (The owner owns 80% of the shares)

Company Information
Company name: Aragón Real Estate
CEO: Ms. Sofia de Aragón (CEO owns 45%)
Purpose: Holiday Homes, Housing
Social Address: 345 Rue de Catherine, Alexandria-Sardinia (Offices and main plant)
Starting capital: R 60 000
Number of Shares: 1000
Example of product: Renovated Chateauxs for sale, Holiday Chalets and Properties
Example of pricing list: Properties range from R 5000 to R 3 Million.

Salaries:
CEO: R 40,000 (per year)
Workers: R 11 000 (per year)

Company Logo

user posted image


Jacques de Beaufort - September 28, 2005 05:53 PM (GMT)
Dear Sofia,

I would like to quote myself (this message was sent to the Prince yesterday)

QUOTE
Your company seems incredible, however, I have to point out that for the moment, the amount specified as "Starting Capital" is somewhat incorrect. As you now, we are an emerging economy, so the money that you put into your company is either money you have and/or the R 45 000 the Ministry gives as incentive for the creation of new companies. Once people have built their personal fortunes, this incentive will be dropped and companies will rely on owners money to begin.

When presenting a company with more than one owner you should do as follows:
Owners Information
1. Name
UTIC
Number of shares
2. Name
UTIC
Number of shares
3...

So for the moment, I suggest that your change the following...
. Starting Capital
. Salaries
... and that you add the owner of the other 35% of the compan.

You also asked about the "Example of pricing list". Well, the idea is that you give an approximate price, say for an interplanetarian rocket, or a weather/spy tail (these are invented names to give and idea of what i mean), and so on and so forth....

Hope that this clears all your doubts. And make those changes and your company will be registered, also apply for a Company UTIC, you can find the form in the ITA.


In your case only the ownership, and starting capital issues apply. Besides if you own 1000 shares, and there are only 1000 shares then you own 100% of the company not 80 %. So please correct them.
Also before your company is allowed economic activities, you have to provide us with your UTIC, Which you can get at the ITA, and once we approve your company you should apply for a company's UTIC.

Thank your for your interest.

Sincerely,

Sofia de Aragón - September 28, 2005 07:19 PM (GMT)
Thankyou for your advice Minister!

-------------------------------------

Owners Information

Name: Ms. Sofia de Aragón
UTIC: Applied For
Number of shares: 1000 (The owner owns 100% of the shares)

Company Information

Company name: Aragón Real Estate
CEO: Ms. Sofia de Aragón (CEO owns 100%)
Purpose: Holiday Homes, Housing
Social Address: 345 Rue de Catherine, Alexandria-Sardinia (Offices and main plant)
Starting capital: R 60 000 + R 45 000 from the Ministry
Number of Shares: 1000
Example of product: Renovated Chateauxs for sale, Holiday Chalets and Properties
Example of pricing list: Properties range from R 5000 to R 3 Million.

Salaries:
CEO: R 40,000 (per year)
Workers: R 11 000 (per year)

Company Logo

user posted image

Jacques de Beaufort - September 28, 2005 07:37 PM (GMT)
Ms Sofia,

I'm sorry I expressed myself incorrectly. Your company information should be the following:

QUOTE
Owners Information

Name: Ms. Sofia de Aragón
UTIC: PER-28003-112
Number of shares: 1000

Company Information

Company name: Aragón Real Estate
CEO: Ms. Sofia de Aragón
Purpose: Holiday Homes, Housing
Social Address: 345 Rue de Catherine, Geneva
Starting capital: R 45 000
Number of Shares: 1000
Example of product: Renovated Chateauxs for sale, Holiday Chalets and Properties
Example of pricing list: Properties range from R 5000 to R 3 Million.
Salaries: (lower them a little so that they can be in accordance with the starting capital)
CEO: R 40,000 (per year)
Workers: R 11 000 (per year)


Sincerely,

Sofia de Aragón - September 28, 2005 07:42 PM (GMT)
My Thanks!

Salaries

CEO : 20,000
Workers : 3,000

Jacques de Beaufort - October 1, 2005 05:38 AM (GMT)
APPROUVED

Get a UTIC for your company.

Congetulations!!

Sincerely,




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