{"id":2073,"date":"2018-12-30T02:10:27","date_gmt":"2018-12-29T23:10:27","guid":{"rendered":"http:\/\/mlegal.de\/?page_id=2073"},"modified":"2019-12-27T18:23:23","modified_gmt":"2019-12-27T15:23:23","slug":"joint-stock-company-akzionernoe-obshestvo-pao-ao","status":"publish","type":"page","link":"https:\/\/mlegal.de\/en\/business-set-up\/joint-stock-company-akzionernoe-obshestvo-pao-ao\/","title":{"rendered":"Joint-Stock Company (Akzionernoe Obshestvo \u2013 PAO, AO)"},"content":{"rendered":"<p>[vc_row full_width=&#8221;stretch_row&#8221; parallax=&#8221;content-moving&#8221; parallax_speed_bg=&#8221;5.5&#8243; bg_type=&#8221;image&#8221; parallax_style=&#8221;vcpb-vz-jquery&#8221; bg_image_new=&#8221;id^2642|url^http:\/\/mlegal.de\/wp-content\/uploads\/2019\/01\/Joint-Stock-Company-Russia.jpg|caption^null|alt^null|title^Joint Stock Company Russia|description^null&#8221; enable_overlay=&#8221;enable_overlay_value&#8221; overlay_color=&#8221;rgba(10,22,94,0.29)&#8221; overlay_pattern=&#8221;01.png&#8221; overlay_pattern_opacity=&#8221;70&#8243; overlay_pattern_attachment=&#8221;fixed&#8221; css=&#8221;.vc_custom_1577460192866{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 40px !important;padding-bottom: 20px !important;background-position: 0 0;background-repeat: no-repeat !important;}&#8221; el_class=&#8221;page-image-fix&#8221;][vc_column][vc_custom_heading text=&#8221;<b>JOINT-STOCK COMPANY<br \/>\n(Corporation)<\/b>&#8221; font_container=&#8221;tag:h1|font_size:32|text_align:center|color:%23ffffff&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;.vc_custom_1577460129639{padding-top: 20px !important;padding-bottom: 20px !important;}&#8221;][vc_separator color=&#8221;custom&#8221; border_width=&#8221;4&#8243; el_width=&#8221;10&#8243; css=&#8221;.vc_custom_1540122495327{padding-top: 0px !important;padding-bottom: 20px !important;}&#8221; accent_color=&#8221;#f57f13&#8243;][vc_custom_heading text=&#8221;Read more about JSC here&#8221; font_container=&#8221;tag:p|font_size:26|text_align:center|color:%23ffffff|line_height:1.2&#8243; use_theme_fonts=&#8221;yes&#8221; css=&#8221;.vc_custom_1559317017280{padding-top: 0px !important;padding-bottom: 20px !important;}&#8221;][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; equal_height=&#8221;yes&#8221; content_placement=&#8221;top&#8221; css=&#8221;.vc_custom_1539635741248{margin-top: 10px !important;margin-bottom: 20px !important;}&#8221;][vc_column width=&#8221;1\/4&#8243;][vc_custom_heading text=&#8221;<b>BUSINESS SET UP<\/b>&#8221; font_container=&#8221;tag:p|font_size:15|text_align:left|color:%231e72bd|line_height:1&#8243; use_theme_fonts=&#8221;yes&#8221; css=&#8221;.vc_custom_1550076375915{margin-top: 5px !important;margin-bottom: 15px !important;border-left-width: 3px !important;padding-left: 10px !important;border-left-color: #f7386b !important;border-left-style: solid !important;}&#8221; link=&#8221;url:http%3A%2F%2Fmlegal.de%2Fen%2Fbusiness-set-up%2F|||&#8221;][vc_column_text]\n<!-- UberMenu [Configuration:slidemenuconfig] [Theme Loc:] [Integration:api] -->\n<a class=\"ubermenu-responsive-toggle ubermenu-responsive-toggle-slidemenuconfig ubermenu-skin-minimal ubermenu-loc- ubermenu-responsive-toggle-content-align-left ubermenu-responsive-toggle-align-full \" data-ubermenu-target=\"ubermenu-slidemenuconfig-25\"><i class=\"fas fa-bars\"><\/i>Menu<\/a><nav id=\"ubermenu-slidemenuconfig-25\" class=\"ubermenu ubermenu-nojs ubermenu-slidemenuconfig ubermenu-menu-25 ubermenu-responsive ubermenu-responsive-default ubermenu-responsive-collapse ubermenu-vertical ubermenu-transition-shift ubermenu-trigger-hover_intent ubermenu-skin-minimal  ubermenu-bar-align-left ubermenu-items-align-left ubermenu-bound ubermenu-disable-submenu-scroll ubermenu-sub-indicators ubermenu-retractors-responsive ubermenu-submenu-indicator-closes\"><ul id=\"ubermenu-nav-slidemenuconfig-22\" 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class=\"ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4370 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto\" ><a class=\"ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only\" href=\"https:\/\/mlegal.de\/en\/business-set-up\/main-legal-forms\/\" tabindex=\"0\"><span class=\"ubermenu-target-title ubermenu-target-text\">Main Legal Forms<\/span><\/a><\/li><li id=\"menu-item-4372\" class=\"ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4372 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto\" ><a class=\"ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only\" href=\"https:\/\/mlegal.de\/en\/business-set-up\/russian-database\/\" tabindex=\"0\"><span class=\"ubermenu-target-title ubermenu-target-text\">Russian Database<\/span><\/a><\/li><li id=\"menu-item-4371\" class=\"ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4371 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto\" ><a class=\"ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only\" href=\"https:\/\/mlegal.de\/en\/business-set-up\/main-taxes-in-russia\/\" tabindex=\"0\"><span class=\"ubermenu-target-title ubermenu-target-text\">Main taxes in Russia<\/span><\/a><\/li><\/ul><\/nav>\n<!-- End UberMenu -->\n[\/vc_column_text][vc_separator color=&#8221;custom&#8221; accent_color=&#8221;#bababa&#8221;][vc_custom_heading text=&#8221;<b>OUR SERVICES FOR YOU<\/b>&#8221; font_container=&#8221;tag:h3|font_size:15|text_align:left|color:%232d2d2d&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]For your subsidiary or representative office in Russia we take over the complete management in legal matters, including establishing and temporary nominal Management for the period of obtaining a work permit for your employees.[\/vc_column_text]<div class=\"uavc-list-icon uavc-list-icon-wrapper ult-adjust-bottom-margin   \"><ul class=\"uavc-list\"><li><div class=\"uavc-list-content\" id=\"list-icon-wrap-5204\">\n<div class=\"uavc-list-icon  \" data-animation=\"\" data-animation-delay=\"03\" style=\"margin-right:5px;\"><div class=\"ult-just-icon-wrapper  \"><div class=\"align-icon\" style=\"text-align:center;\">\n<div class=\"aio-icon circle \"  style=\"color:#1e72bd;background:#e3f0f2;font-size:20px;display:inline-block;\">\n\t<i class=\"Defaults-phone\"><\/i>\n<\/div><\/div><\/div>\n<\/div><span  data-ultimate-target='#list-icon-wrap-5204 .uavc-list-desc'  data-responsive-json-new='{\"font-size\":\"\",\"line-height\":\"\"}'  class=\"uavc-list-desc ult-responsive\" style=\"\">Moscow:\u00a0<strong>+7\u00a0495 137 58 57<\/strong><\/span><\/div><\/li><li><div class=\"uavc-list-content\" id=\"list-icon-wrap-8457\">\n<div class=\"uavc-list-icon  \" data-animation=\"\" data-animation-delay=\"03\" style=\"margin-right:5px;\"><div class=\"ult-just-icon-wrapper  \"><div class=\"align-icon\" 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data-responsive-json-new='{\"font-size\":\"\",\"line-height\":\"\"}'  class=\"uavc-list-desc ult-responsive\" style=\"\"><a href=\"mailto:info@mlegal.de\"><strong>Email<\/strong><\/a><\/span><\/div><\/li><\/ul><\/div>[\/vc_column][vc_column width=&#8221;3\/4&#8243;][vc_custom_heading text=&#8221;<b>JOINT-STOCK COMPANY (CORPORATION)<\/b>&#8221; font_container=&#8221;tag:h2|font_size:24|text_align:left|color:%232d2d2d&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text css=&#8221;.vc_custom_1577460070662{margin-bottom: 40px !important;}&#8221;]A joint-stock company (corporation) is a company with its charter capital divided into shares owned by shareholders. Shares may be of different types providing different voting, dividends and other rights. A joint-stock company may also issue obligations and other securities. Shares and securities shall be registered in the Central Bank of Russia via a rather complicated, cost- and time-consuming procedure.<\/p>\n<p>A joint-stock company may be <strong>public<\/strong> and <strong>not-public<\/strong>.<\/p>\n<p>Public corporations may offer their shares to public investors (via <strong>IPO<\/strong>). Shareholders of a public corporation are free to sell their shares to anybody. Minimal charter capital is 100.000 rubles (approx. EUR 1.500).<\/p>\n<p>A non-public corporation may not offer its shares in public. Shareholders of a non-public corporation may have the right of first refusal to buy the shares sold by other shareholders. Minimal charter capital is 10.000 rubles (approx. EUR 150).<\/p>\n<p>The main management body of a joint-stock company is the general meeting of shareholders. Shareholders vote on main corporate issues (shares and charter capital, distribution of dividends, approval of major and related-party transactions, appointment of lower management and control bodies, etc.). Shareholders may cooperate with each other via a shareholders\u2019 agreement (vote as provided in the shareholders\u2019 agreement, sell or buy shares together or at the agreed price, collectively execute other rights).<\/p>\n<p>A joint-stock company shall generally have a board of directors consisting of at least 5 members. A board of directors is responsible for calling the general meetings of shareholders, issue of a limited number of shares and other securities, approval of some transactions, supervision of lower management and control bodies, etc.<\/p>\n<p>The daily activities of a corporation are managed by a CEO and (optional) a collegial executive body appointed by the general meeting or by the board. A CEO acts on behalf of the corporation, enters into transactions, manages employees, etc.<\/p>\n<p>A corporation shall have an internal and an external auditor.<\/p>\n<p>Corporations are subject to heavy and cost-consuming management procedures and public disclosure of information. Unless you plan to attract investors via an IPO, a joint-stock company does not have any obvious advantages if compared to a <a href=\"https:\/\/mlegal.de\/en\/business-set-up\/establishing-llc-ooo-russia\/\"><u>limited liability company<\/u><\/a>\u00a0that could be advisable for most business purposes.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row full_width=&#8221;stretch_row&#8221; parallax=&#8221;content-moving&#8221; parallax_speed_bg=&#8221;5.5&#8243; bg_type=&#8221;image&#8221; parallax_style=&#8221;vcpb-vz-jquery&#8221; bg_image_new=&#8221;id^2642|url^http:\/\/mlegal.de\/wp-content\/uploads\/2019\/01\/Joint-Stock-Company-Russia.jpg|caption^null|alt^null|title^Joint Stock Company Russia|description^null&#8221; enable_overlay=&#8221;enable_overlay_value&#8221; overlay_color=&#8221;rgba(10,22,94,0.29)&#8221; overlay_pattern=&#8221;01.png&#8221; overlay_pattern_opacity=&#8221;70&#8243; overlay_pattern_attachment=&#8221;fixed&#8221; css=&#8221;.vc_custom_1577460192866{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 40px !important;padding-bottom: 20px !important;background-position: 0 0;background-repeat: no-repeat !important;}&#8221; el_class=&#8221;page-image-fix&#8221;][vc_column][vc_custom_heading text=&#8221;JOINT-STOCK COMPANY (Corporation)&#8221; font_container=&#8221;tag:h1|font_size:32|text_align:center|color:%23ffffff&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;.vc_custom_1577460129639{padding-top: 20px !important;padding-bottom: 20px !important;}&#8221;][vc_separator color=&#8221;custom&#8221; border_width=&#8221;4&#8243; el_width=&#8221;10&#8243; css=&#8221;.vc_custom_1540122495327{padding-top: 0px !important;padding-bottom: 20px !important;}&#8221; accent_color=&#8221;#f57f13&#8243;][vc_custom_heading text=&#8221;Read more about JSC here&#8221; font_container=&#8221;tag:p|font_size:26|text_align:center|color:%23ffffff|line_height:1.2&#8243; use_theme_fonts=&#8221;yes&#8221; &#8230; <a title=\"Joint-Stock Company (Akzionernoe Obshestvo \u2013 PAO, AO)\" class=\"read-more\" href=\"https:\/\/mlegal.de\/en\/business-set-up\/joint-stock-company-akzionernoe-obshestvo-pao-ao\/\" aria-label=\"More on Joint-Stock Company (Akzionernoe Obshestvo \u2013 PAO, AO)\">Read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":2642,"parent":2030,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/pages\/2073"}],"collection":[{"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/comments?post=2073"}],"version-history":[{"count":19,"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/pages\/2073\/revisions"}],"predecessor-version":[{"id":4671,"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/pages\/2073\/revisions\/4671"}],"up":[{"embeddable":true,"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/pages\/2030"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/media\/2642"}],"wp:attachment":[{"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/media?parent=2073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}