The company would be obliged to file its annual accounts (profit & loss account and balance sheet) on an annual basis. The work generated in maintaining bookingkeeping would be minimal for the time that the company does not undertake any real business. No general rule for tax exemption for new companies exists, but as far as no profits are generated no income tax and no local tax will be charged. Fees for bookkeeping depend on the number of business transactions; a simplified annual account and tax declaration (when no business is undertaken) should not exceed 1.500 EUR.
