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FAQ become cooperant

How to buy a share?

Go to [link] and select the number of shares you wish to purchase. We kindly ask you to provide us with some basic information to ensure that we can send you your share certificate once the purchase is complete. 

 

What is the maximum number of shares?

You are allowed to purchase a maximum of 25 rokko shares, which is equivalent to 5000 euros. We believe that buying shares comes with several benefits, and we want to offer as many individuals as possible the chance to join the rokko community. We aim to create a large community of people who share our vision of rokko's existence.

 

What will rokko do with the raised capital? 

Our primary goal is to reestablish Rokko as a physical location in Ghent, where everyone can come and enjoy a drink, read books, and find a carefully selected collection of literature. At rokko, our vision is to create a space for connection, discovery, and encounter. This will bring the margins to the center, both in terms of books and people, both literally and metaphorically.

 

We are committed to sustainability and plan to stay for the long haul. Finally, Flanders has a radical, queer, feminist bookshop - rokko! With the raised capital, we plan to expand and reinforce our selection of literature on decolonisation, feminism, gender studies, LGBTQIA+, nature, and climate. We believe we can make our society more inclusive by creating a centre of knowledge for anyone who is willing to learn or broaden their understanding of these themes. Additionally, we will create a webshop to cater to people outside Ghent who wish to access our offerings. 

 

We also plan to hold discussion nights, book presentations, book clubs, and other literary events that provide insights and encourage meaningful conversations.



Do I have a say in the cooperative?

Absolutely! That's the whole point of rocco being a cooperative. Each member will be invited to the annual general meeting, where they can exercise their voting rights and have a say in the decisions made by the cooperative. The ICA principles are followed,which means that each member has one vote at the general meeting, regardless of how many shares they hold."

 

Who can buy shares?

Investors who wish to join or support rokko can purchase shares. Rokko aims to raise €150,000 to €250,000 by April 2025.

 

Is it possible for minors and legal entities to become cooperants? 

The answer is yes! You can donate shares to your children and represent them in the general meeting. Companies are also allowed to subscribe for shares, and both are exempt from the Tax Shelter measure. If you are a minor and interested in subscribing, you can do so by clicking the link provided. If you wish to subscribe as a legal entity, please send an email to [email protected] and we will provide you with more detailed information.

 

Do I earn a return on my investment?

 

For rokko, our social goal comes first. That’s why rokko is a recognised cooperative and also Recognised as a Social Enterprise. As per legal regulations, dividends are limited. In the initial years, we do not focus on distributing dividends. However, in the medium term, we aim to distribute dividends ranging from 2 to 4 per cent, provided we generate sufficient profits.

If you buy rokko shares as a citizen, you can get tax benefits through the Tax Shelter, which allows you to get 45 per cent of your contribution to rokko back through your personal income tax.

 

How to obtain my shareholder certificate?

To obtain your shareholder certificate, you need to purchase shares on Rokko's website and make the payment. After receiving your payment, the company will send your shareholder certificate via email as evidence of your investment. It takes around two to three weeks to complete the administrative process and the subscription into the shareholder register. Once this process is complete, your subscription is valid. In case you haven't received your shareholder certificate after three weeks, you can send an email to [email protected] to inquire about it.

 

What is the Tax Shelter?

The Tax Shelter for start-ups  is a nice way to support small start-ups like  rokko while also benefiting from tax advantages.  If all conditions are met, as a citizen investing in rokko, you get a tax reduction of 45% of your invested amount.



Will I receive a tax benefit through the Tax Shelter?

If you pay personal income tax, you may be eligible for a tax benefit through the Tax Shelter. The only requirement is that you keep your investment in the cooperative for a minimum of four years. As a result, you cannot withdraw your investment in the initial four years after purchasing it. If you have any further questions regarding the Tax Shelter, please refer to the FAQ section of the Finance Department of the Federal Government.

 

Which Tax Shelter certificates do I receive?

Each year, you will receive an official Tax Shelter certificate (reference number 281.85). This certificate guarantees a tax reduction of 45% valid for the year in which you bought the shares. You will receive a certificate type 1 during the first year of your investment,. During the next three years, you will receive a certificate type 2 that guarantees the same tax reduction. If you quit the cooperative before we send you the certificate, you will receive a certificate type 3. To learn how to insert the tax reduction into your tax declaration, you can find all the necessary information in the leaflet about the tax declaration for private individuals published by the Finance Department of the Federal Government.

 

How do I quit?

If you decide to end your participation in the cooperative and request a refund, you must submit an official request by sending an email to [email protected]. Upon quitting, you will receive the nominal value of your shares. If the net book value is lower, you will receive that amount instead. Please note that your shares will not increase in value. Additionally, you are not allowed to quit during the first four years after your initial purchase. This is in accordance with the Tax Shelter conditions, which are necessary in order to benefit from the tax reduction. It's important to know that there are no costs associated with subscribing or quitting.

 

Are there potential risks associated with my investment?

Purchasing shares always carries risks. Every investment in rokko shares has an inherent risk of loss.

 

Do you ensure the confidential treatment of personal data? 

Yes, we strictly adhere to GDPR rules. All personal data is treated in a safe and confidential manner. We never share the data with third parties. 

 

Where can I find the rokko statues?

If you are looking for the Rokko statutes, you can find them by clicking on this link.

 

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