New term of duration of companies

IGJ – Limitation to the term of duration of corporations

General Resolution (IGJ) 1/2022 provides that all articles of incorporation, articles of association or bylaws of commercial companies that must be registered with the General Inspectorate of Justice may not have a term of more than 30 years as from their registration in the registry.

This resolution is applicable to all companies incorporated after February 1, 2022.

> For more information on General Resolution 1/2022 click here.