In the written founding agreement, the founders jointly declare that they intend to establish the specified company under Georgian law. The declaration should clearly identify the company to be established and its legal form. It does not stand alone; together with the founders’ details, the articles of association, and the information intended for the register, it forms a single founding document. The declared intention to found must therefore not differ from the company name, legal form, or parties specified in the other documents. If there are several founders, they must all share the declaration, and all must sign the agreement. If a representative acts on their behalf, their authority must also cover making the declaration of intent to found and signing the agreement. Signatures must be certified by a notary, at the NAPR, or by another legally authorized body; for a permitted electronic formation, the applicable electronic requirements apply.
Declaration of Intent to Found in the Founding Agreement for Company Registration in Georgia
The declaration of intent to found records the founders’ shared intention to establish a specific company in Georgia. It must clearly correspond to the chosen legal form, the company, and the other parts of the founding agreement.
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