Payment of government subscription tax on the authorized capital up to EUR 1,000

Exempt billionaire holding companies may opt for a tax regime whereby the subscription tax is replaced by a so-called income tax.

The ancillary signal thus obtained can be used for display in a (multi-) picture-in-picture television receiver, or as an 'appetizer' in order to encourage the user to pay a subscription fee.

In case of premature cancellation of the Agreement under the initiative or fault of the Holder of the order a Subscription fee is not refundable.

In case of pre-term cancellation of the Agreement under the initiative or fault of the Holder of the order a Subscription fee is not refundable.

Taxe d’abonnement of 0.05% pa for retail investors and 0.01% for institutional investors, based on fund net asset value

The taxable basis of the subscription tax is the aggregate net assets of the specialised investment fund as valued on the last day of each quarter.

The monthly subscription fee is billed on a pro rata basis for the activation month (activation by the end of the month) and for the entire current month.

There is no maximum debt/equity ratio to be respected, however a subscription tax is due on the debt which exceeds 8 times the increased paid-up capital of the capital premiums.

There is not maximum debt equity ratio; only the subscription tax is due on the debts part which exceeds 8 times the increased paid-up capital of the capital premiums.