Ministry of Commerce Announces New Template for Articles of Incorporation

April 25, 2025

On April 10, 2025, the Ministry of Commerce announced the adoption of a new template for entities’ articles of incorporation (“AOI”), which now includes an Appendix 1.

Under this update, Appendix 1 consolidates all essential corporate information, such as:

• Entity name
• Organizational structure
• Business objectives
• Registered address
• Registered capital
• Par value of shares
• Shareholder information
• Director information

One of the benefits of this new template is that when an entity has changes to its corporate information that it needs to register with the Ministry of Commerce, it will only need to update Appendix 1 of its AOI.

Our understanding is that new entities will need to begin using the new template for their AOI; entities currently operating under the old AOI format can continue to do so, and change to the new template the next time they have to update their AOI. We will provide updates on this if there are any further requirements for currently operating entities.