In 2008, a derivate form called "Unternehmergesellschaft (haftungsbeschränkt)" (English: "entrepreneurial company (limited liability)") or short "UG (haftungsbeschränkt)" was introduced. It does not require a minimum founding capital and was introduced to assist company founders in setting up a new company. Also, the UG must enlarge its capital by at least 25% of its annual net profit (with some adjustments), until the general minimum of €25,000 is reached (at which point the company may change its name for the more prestigious "GmbH"). In this case, the word "haftungsbeschränkt" must not be abbreviated.