The Government has decided to lower the requirement of the size of the share capital in private limited companies from 100 000 kronor to a minimum of 50 000 kronor. The decision comes into force on 1 April 2010.
When you want to start a new limited company
The provisions imply that a decision to form a private limited company with a share capital of kronor can be made at the earliest on 1 April 2010. Therefore, the memorandum of association cannot be dated earlier than this date. Naturally, it is also permitted to have a larger share capital.
When you want to reduce the share capital
If you already have a limited company with a share capital of 100 000 kronor you may reduce it to minimum 50 000 kronor. You may do so no earlier than 1 April 2010.
If you want to reduce the share capital you need to observe the general rules regarding a reduction of the share capital. There is no simplified way of doing it.
Read more about how to reduce the share capital on the page Reduction of the share capital.