4. Articles of Association

The articles of association set out the main principles governing the company's operations. They shall be signed by the founder or by all founders.


The document must specify:

  • the name (firm name);
  • the duration and purpose of the company, if the company is established for a fixed term or for the achievement of a specific purpose;
  • the amount of the equity capital, the number of stocks and their nominal value;
  • the rights of representation (whether members of the executive board are entitled to represent the company individually or jointly);
  • the number of members of the supervisory board;
  • special provisions regarding the transfer of stocks (if any are provided for);
  • where the company has different categories of stocks, the categories of stocks (specifying the rights attached to each category) and the number and nominal value of stocks in each category;
  • whether the stocks are registered stocks or dematerialised stocks;
  • the principal types of business activities of the company;
  • any other provisions that the founder considers material (optional);
  • the date of signing.

Only provisions governing the company shall be included in the articles of association. The articles of association must not include information such as the legal address of the company, the specific persons who are stockholders or officers of the company.

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