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A joint stock company can be incorporated based on the founders
declaration. This declaration states founders decisions to incorporate a joint
stock company in the articles of association which are prepared in accordance
with law and in which the founders are unconditionally committed to pay the
entire capital and their signatures are notarized.The articles of association, the declaration of founders, the valuation
reports and the contracts made with the founders and other people are the
incorporation documents. These documents must be placed in the registration
file and a copy of each be kept by the company for a period of five years.
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