The Shareholders list is a document that states who are the shareholders, what type of shares they hold and the number of shares each shareholder holds. If this information isn't stated in either the Articles of association or the Commercial register extract, please provide us with a list signed by the managing director. 


In case you have an NDA with the shareholders, you can cover their names, and leave the allocation of the shares visible. However, if there are any shareholders with at least 25% of the company shares, their names must be stated on the document.