Investor Presentaiton slide image

Investor Presentaiton

40 46 COMPANY FORMATION PROCEDURE: memorandum of association • • obtaining a trade license • contribution payment registration in Commercial Register. A company is formed after a founder's deed or a memorandum of association has been completed and signed. Limited liability companies and joint-stock companies must obtain these documents in the form of a notarial deed. After the founder's deed or memorandum of association has been signed and filed, the future executives/directors of the company must register their trade licences at the Trade Licensing Office and obtain the documents necessary to register the address of the company. The company founders also need to appoint a contributions' administrator responsible for proving to the Commercial Register that the contributions to the registered capital have been paid up by the shareholders. After the future executives/directors have collected all necessary documents, they may file an application for the registration of the company in the Commercial Register. Once the court administering the Commercial Register or a notary issues a decision on the company registration and this decision enters into force, the process of the company's formation is complete.
View entire presentation