Every obligated company can cooperate with Green Dot Cyprus either as a shareholder or as a member. The only difference between shareholders and members is the ability to elect and be elected in the Board of Directors of the Organisation which only the shareholders have. Every company which signs a contract with Green Dot Cyprus, either as a shareholder or as a member, signs the Green Dot Cyprus Members Agreement which determines all the parameters governing the relationship of the System with its members. The agreement is one and non negotiable and is signed by all the Members and Shareholders. This ensures the equal treatment of all the companies which enter into a contract with the System.
WHAT WILL IT COST YOU TO ENTER INTO A CONTRACT WITH GREEN DOT CYPRUS AND WHAT IS THE OBLIGATION OF EACH MEMBER AND SHAREHOLDER?
Interested Obligated Organizations may register in the company as Shareholders with the payment of €3,420 as share capital.
A Packaging Obligate who will be registered as a Member, with the signing of the Membership Agreement, pays as registration fee the amount of €850 plus VAT in the case that the packaging placed in the market by the Obligate during the previous year exceeds a total of five tons. In the case where the packaging placed in the market by the Obligate during the previous year was less than five tons, they will pay as registration fee the amount of €400 plus VAT. The registration fee is payable only once at the registration of the company in the System.
After registering with the System either as a Shareholder or as a Member, each company will have exactly the same obligations towards the System and the same rights.
Each company member or shareholder is obligated to declare once every year (end of February of each year) with detailed data the packaging which was placed into the market during the previous year. The packaging declarations as well as the guide for their completion can be found in the chapter “Packaging Declarations” chapter.
Depending on the quantities of packaging material which each company declares and the periodical price-lists for household and commercial/industrial packaging which the System uses, each company member or shareholder pays to Green Dot Cyprus the corresponding packaging fees for each year. Green Dot Cyprus may also ask you to send to some laboratory certain packaging in order to be weighed.