Corporate purpose

Whoever sets up a for-profit company wants to produce profits by exercising, together with others, an economic activity that constitutes the corporate purpose and this must be defined in the articles of association. It can be changed during the life of the company only in conformity with the memorandum and articles of association.

The economic activity of the company must be a productive activity, of financial content, whose goal is the production of or trade in goods or services. So it cannot be limited to the mere use of goods or property because otherwise it would be a community.