What is the purpose of a capital increase?
A capital increase is a legal operation that creates new shares purchased by one of the current shareholders or by a new incoming shareholder.
This is particularly the case when raising funds.
There are several ways to increase your capital, including:
Incorporation of reserves
Contribution in kind
Contribution in cash
Currently, Qonto only accepts cash contributions from private individuals or legal entities with full payment of the shares.
⚠️ Capital increases through crowdfunding and by incorporation of reserves or by contribution in kind are not accepted yet.
Who can carry out a capital increase with Qonto?
It is not necessary to have initially deposited your capital with Qonto when you incorporated your company.
All Qonto users can benefit from it, regardless of the status of the company, as long as they meet the following conditions:
Subscribers who are private individuals must be citizens of the European Union or have a European residence permit (excluding Luxembourg)
Subscribers who are legal entities must be domiciled in Europe (excluding Luxembourg, Switzerland and the United Kingdom) and have a corporate officer from the European Union
The number of subscribers participating in the transaction is limited to 15
The total amount of the capital increase does not exceed EUR 1.2 million
How to make a capital increase from your Qonto account?
As Qonto is a new player, we are currently not authorized by the ACPR (Autorité de Contrôle Prudentiel et de Résolution, the French supervisor for banking and insurance sectors) to issue a deposit certificate. However, we have teamed up with notaries to allow all entrepreneurs to benefit from smooth and secure online support. Below you will find all the steps to obtain your deposit certificate:
1) Gather the necessary documents
The following documents will be required in order to prepare your application:
The company's articles of association signed, those filed with the Court Registry when your company was created
A certificate of incorporation of the company less than 3 months old (to ensure that your company is not in liquidation process)
A list of subscribers to your capital increase (regrouping surname and first name of shareholders and/or company name and the amount of the subscription of each contributor)
👩 For private individual shareholders:
Copy of the identity document of the subscribers participating in the capital increase operation,
🏡 For legal entities :
A copy of the KBIS, dated less than 3 months
The identity document of one of the corporate officers.
2) Fill in the capital increase form
To fill the dedicated form, you will have to do following steps :
Click on the following link to be redirected to our online form.
From a computer, log in to your Qonto account, click on the name of your company, at the upper left of your screen.
From the drop-down menu, click on “Capital increase”.
Our team will contact you within 24 hours after receiving and analyzing your project. You will then be accompanied by a dedicated agent who will guide you through the completion of your transaction.
3) Transfer the funds to the notary
Once your file has been validated, you will receive the bank details (RIB) of the account to which each subscriber (new or current) must pay the amount of their subscription, from a personal account.
⚠️ If the subscriber is a legal entity, the bank account must be in the name of the company.
After receipt of the funds, they will be deposited at the Caisse des Dépôts.
4) Get your deposit certificate
You will get your deposit certificate after the notary has received the funds. It will be sent to you so that you can continue with your legal advisor at the Registry:
In digital form, within 24 hours, directly by email
In paper form, within 5 working days, to the address of the company's registered office
5) The release of funds to your Qonto account
At this stage, there is no need to wait for an updated certificate of registration to proceed with the release of your capital.
Simply send us the General Assembly report acknowledging the final completion of the capital increase.
As soon as we receive it, your capital will be returned to your Qonto account within 48 working hours.
The capital increase fee of €150 (excluding taxes) will then be charged directly to your account. The fee includes a personalized support of your project and the edition of your certificate of deposit of funds by the notary.
This service does not include the modification of the bylaws or the formalities at the Registry, for more information you can consult the following article: https://www.greffe-tc-paris.fr/procedure/augmentation_capital_sas.
See you soon 🚀