The National Agency of Public Registry (NAPR) receives the founding agreement as part of the documents for company formation. It must identify all founders clearly as parties to the agreement. Names, personal numbers, or document numbers must match the identity documents and the details in the registration application. The founding declaration documents the shared intention to establish a particular company in the chosen legal form. The company name, legal form, and other key details must not differ from those in the articles of association or the registration application. The agreement also assigns each founder their agreed contribution and the resulting ownership interest. The type, value, due date, and allocation of each contribution must be specified clearly. For contributions in kind, it must also be clarified how the relevant asset or right will be effectively transferred to the company. Before signing, the founders’ details, intention to form the company, contributions, and ownership interests should be checked against all other formation documents.
Founding Agreement for NAPR Registration of a Company in Georgia
For NAPR registration in Georgia, the founding agreement records who is forming the company, which legal form is to be established, and what contributions the founders will make. Its details must match the identity documents, articles of association, and registration application.
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