COMPANY LIMITED BY SHARES

Sample Articles of Association

Article I
Name and Registered Seat

Under the name

Name of the company limited by shares

A company limited by shares with a registered seat in the principality of Liechtenstein is hereby established pursuant to Art. 261 ff of Liechtenstein Persons and Company Law (PGR). The duration of the company is unlimited with respect to time.

Article II
Nominal Capital

The share capital is…  and an amount of   ... CHF has been deposited.

This is divided into.... shares, each valued at ....

The company’s assets are solely liable for the company’s debts.

Article III
Object of the Establishment

The object of the establishment is to...(object of the enterprise).

Article IV
General Assembly

The general assembly is the governing authority and must convene a minimum of once a year.

This assembly is authorized to carry out the following activities:

- Approve the annual budget and determine the utilization of net profits;
- Exonerate the board of directors;
- Appoint and dismiss legal representatives;
- Determine the subscription rights of the administration and liquidators;
- Dissolve the company, appoint liquidators and govern the utilization
  of assets gained from this action.

Article V
Board of Directors

The company limited by shares is administered by the board of directors, made up of one or more members, authorized to carry out business activities and represent the foundation to third persons and authorities nationally and internationally.

The board of directors designates the persons entitled to represent the company and the scope of the authority granted to them.

Article VI
Audit Committee

The audit committee shall audit the annual statement of accounts and report upon it to the General Assembly.

Articles VII
Notices

Legal notices will be issued as required and regulated by law.

Article VIII
Costs of Formation

The founders bear the costs of establishing the company. 

Date, signature