Open Joint-stock Company (OJSC)

Q/A
Question
What is an OJSC?
Answer

An open joint-stock company (OJSC) is a business entity where the charter capital is divided into a specific number of stocks. Shareholders in an OJSC may alienate their stocks without requiring approval from other shareholders. An OJSC may publicly offer its stocks through an open subscription and allow their unrestricted sale.

Question
How long will it take to state register an OJSC?
Answer

An OJSC is registered within one business day after filing the necessary documents to the Agency of the State Register, or within two business days if one of the OJSC's founders is a legal entity. If one of the OJSC's founders is a legal entity, the OJSC will be registered within one business day, if the facilitation fee of AMD 30,000 is paid.

Question
Is there a state duty for state registration of an OJSC?
Answer

There is no state duty for the registration of an OJSC.

Basic:
AMD1,000

Includes:

Consultation on types of business entity
Charter
Founding decision, documents needed for state registration
Name check to figure out availability of your preferred name
Filing documents with the State Register of Legal Entities for state registration
Ordering and receiving seal
Filing declaration for beneficial owner
30 min consultation with an experienced attorney
Premium:
AMD10,000

Includes: basic package, plus 

Shareholders agreement
Support in opening bank account
Five samples of legal documents
Open Joint-stock Company (OJSC)

Additional fees for translation and notary verification may apply if a founder is a foreign individual or legal entity.

Within one business day of your purchase, you'll receive a checklist of required information and documents. Within three business days after providing us with a filled-in checklist, you'll have the documents tailored to your needs with signing instructions . Upon receiving the signed documents, we will file for state registration.