A joint stock company  is an open company public company the stocks of which may be publicly tradable objects. The company is a legal person.

• The minimum amount of equity capital is EUR 25,000.
• The equity capital and the nominal value of the stocks must be divisible by the smallest nominal value of the company’s stocks without remainder. The nominal value of a stock may not be less than one cent.

A stock can be a registered stock accounted in the register of stockholders, or a dematerialised stock recorded in the central securities depository. A joint stock company may have only one type of stocks: either registered stocks or dematerialised stocks. The meeting of stockholders may decide to convert dematerialised stocks into registered stocks and vice versa. Upon adopting a decision on the conversion of stocks, the articles of association must be amended accordingly.