Key changes - New Commercial Register Act
- Founding documents of all company types must now be prepared as a notarial deed or a document authorised by an attorney — the same applies to key corporate decisions and transfer of ownership interest in LLC.
- Online register data will be legally binding - no more need to obtain official extracts to prove company details to authorities or business partners.
- Notaries may act as registrars alongside courts, primarily in standard first registrations and changes to existing registrations across all company types - but the notary who prepared the founding document cannot be the same one who registers it.
- Only an attorney, a notary or an employee of the company may be granted a power of attorney in registration proceedings - company formation agents and other third-party intermediaries can no longer act as representatives.
Key changes - Equal Pay Act
- Pay includes total remuneration including all benefits provided to the employee.
- Employers must implement objective, gender‑neutral pay structures which must be approved by the employees’ representatives (if any).
- Employees are entitled to request information on individual remuneration, and average remuneration for employees performing the same work and employers must inform employees of their rights to request such information at least once per year.
- Employers with at least 100 employees must report regularly information on pay gaps to the Ministry of Labor.
Download the full client brief to learn more.