Development No1
Development No1 is a Private limited company (Ltd.) registered in Latvia under 40203483195, and its current status with API-Mali — Agence pour la Promotion des Investissements au Mali (national guichet unique; OHADA framework) is active. The company was incorporated on 12 May 2023 and lists its registered address as Latvia. 1 shareholder is on record for Development No1, and since every one of them is a company rather than an individual, this particular filing does not on its own establish an ultimate beneficial owner (UBO) — identifying one would mean tracing the ownership of each shareholding company in turn. This profile is sourced directly from API-Mali — Agence pour la Promotion des Investissements au Mali (national guichet unique; OHADA framework) and was last updated on 28 October 2026.
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Shareholders
1
One shareholder is currently on record for Development No1, filed with API-Mali — Agence pour la Promotion des Investissements au Mali (national guichet unique; OHADA framework).
The largest of these is UAB "Kaunas Metal", holding 100% — a majority holding.
Because the shareholder shown is a company rather than an individual, the ownership chain continues above this level, and no beneficial owner can be established from this filing alone.
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| UAB "Kaunas Metal" | 100% | API-Mali — Agence pour la Promotion des Investissements au Mali (national guichet unique; OHADA framework) |
Officers
1
One officer is currently on record for Development No1, filed with API-Mali — Agence pour la Promotion des Investissements au Mali (national guichet unique; OHADA framework). Buckus Robertas serves as Member Of The Board.
Management authority at Development No1 sits with these individuals, not with shareholders, who are covered separately and hold ownership rather than control.
The source filing doesn't specify representation authority — whether officers can act individually or must sign jointly to bind the company — so that detail isn't available here.
Group Structure
Development No1 sits 2 levels below its ultimate parent, INITIO GROUP, UAB, registered in Lithuania. The full chain up to INITIO GROUP, UAB is derived by walking shareholder filings across jurisdictions; no link in it is independently corroborated by Development No1's own shareholder record.
INITIO GROUP, UAB
Lithuania
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Frequently Asked Questions
Who owns Development No1?
One shareholder is currently on record for Development No1, filed with API-Mali — Agence pour la Promotion des Investissements au Mali (national guichet unique; OHADA framework). The largest of these is UAB "Kaunas Metal", holding 100% — a majority holding. Because the shareholder shown is a company rather than an individual, the ownership chain continues above this level, and no beneficial owner can be established from this filing alone.
Who is Development No1's UBO (Ultimate Beneficial Owner)?
Every shareholder recorded for Development No1 is itself a company rather than a natural person, so no Ultimate Beneficial Owner (UBO) is identified at this level; establishing one would require tracing the ownership of each shareholding company in turn.
How many shareholders does Development No1 have on record?
1 shareholder is shown on record for Development No1.
What is Development No1's company registration number?
Development No1's registration number is 40203483195, filed with API-Mali — Agence pour la Promotion des Investissements au Mali (national guichet unique; OHADA framework) in Latvia. Its current status on the register is active.
Is Development No1 still an active company?
Development No1's status on API-Mali — Agence pour la Promotion des Investissements au Mali (national guichet unique; OHADA framework) is listed as active.
When was Development No1 incorporated?
Development No1 was incorporated on 12 May 2023, according to API-Mali — Agence pour la Promotion des Investissements au Mali (national guichet unique; OHADA framework).
What is Development No1's registered address?
The registered address on file for Development No1 is Latvia.
What legal structure is Development No1 registered as?
Development No1 is registered as a Private limited company (Ltd.) in Latvia.
Who are the officers/directors of Development No1?
One officer is currently on record for Development No1, filed with API-Mali — Agence pour la Promotion des Investissements au Mali (national guichet unique; OHADA framework). Buckus Robertas serves as Member Of The Board. Management authority at Development No1 sits with these individuals, not with shareholders, who are covered separately and hold ownership rather than control.
Does Development No1 have a parent company or subsidiaries?
Development No1 sits 2 levels below its ultimate parent, INITIO GROUP, UAB, registered in Lithuania.
Can Zavia monitor changes to Development No1's ownership over time?
This profile reflects a point-in-time snapshot from API-Mali — Agence pour la Promotion des Investissements au Mali (national guichet unique; OHADA framework). Zavia's monitoring API can track changes to Development No1's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access Development No1's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Latvia, so records like Development No1's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from API-Mali — Agence pour la Promotion des Investissements au Mali (national guichet unique; OHADA framework) and was last synced on 28 October 2026.