Being an analogue of LLC, LDA is the most popular business organization form. CJSC is an analogue of JSC and used for opening large businesses
Requirements to setup a company (LDA):
✅ Having no less than 1 director ✅ Having no less than 2 participants ✅ Having 1 director
⭐️ Participants become owners of shares and have financial liabilities proportionate to the number of shares owned by them. There are no requirements for the share capital; however, the cost of each share must be at least 1 EUR. Only registered shares can be issued SA Company.
👉This form is primarily used by large enterprises and includes the following requirements: ✅ Having no less than 5 participants ✅ Having a share capital of no less than 50,000 EUR (depending on the type of business) ✅ Paying 30% of the share capital at the time of registration, with the remainder being paid over time (but not later than in 5 years) ✅ Company must be managed by a Board of Directors ✅ Company can only issue registered, ordinary, privileged and bearer shares ✅ Company’s charter must be approved by the Registrar of companies
Documents required to register a company:
✅ Providing a description of a company’s activities ✅ Providing a company’s name ✅ Having a charter ✅ Having a share capital and shareholders ✅ Shareholders must provide: a passport, confirmation of the residence address (e.g. a utility bill) & tax ID; if shareholders are individuals, they must specify their marital status; if they are married, they must provide a copy of their spouse's passport