Joint-Stock Company is a legal entity issuing shares with the purpose to attract resources for financing of its activities.

Certain organizations may only be established in the form of a Joint-Stock Company, for example, insurance and re-insurance organizations, securities trading companies, etc. The minimum amount of a Joint-Stock Company’s authorized capital shall not exceed 50 000 MCI (Monthly Calculation Indexes). The amount of the initial share capital contributed by founders of such a Joint-Stock Company shall not be less than the minimum amount of the Joint-Stock Company’s authorized capital and shall be paid up by the founders in full within thirty days as from the date of state registration of the Joint-Stock Company as a legal entity.

A Joint-Stock Company’s governing bodies shall consist of the General Meeting of Shareholders as a Superior Body, the Board of Directors as the body exercising a general management and control of a Joint-Stock Company’s activities and operations, the Governing Board as a Collegial / Collective Executive Body and the Director (President) as a Sole Executive Body.

The documents required for registration of a Joint-Stock Company: Copies of Identity Cards of the founders and supervisory/managerial personnel.