The Variable Capital Company (DPK) is a modern legal form introduced in 2022 to support startups and SMEs.
Eligibility Limits
A VCC may have:
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Fewer than 50 employees
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Annual turnover ≤ EUR 2,000,000
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Assets ≤ EUR 2,000,000
Exceeding any two of these thresholds requires conversion.
Key Advantages
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No fixed capital
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Easy investor entry/exit
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Multiple share classes
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Startup-friendly governance
- Director can be a legal entity
Example
A SaaS startup raising EUR 250,000 from angels can issue new shares without registering each capital change with a VCC, unlike an LLC.
This legal form is especially suitable for innovative companies, SaaS businesses, and venture-backed startups seeking flexibility and reduced administrative burden.
