What are the types of companies in Djibouti?
There are various types of companies in Djibouti. These include:
1. Individual Companies: These are companies managed and owned by one person. In such companies, all responsibility of the company belongs to the owner.
2. Partnership Companies: These are companies established between two or more individuals or organizations. Decisions and responsibilities are shared among partners. Partnership companies can be formed in different ways such as Limited Liability Companies (LLC) or Joint Stock Companies (SA).
3. Limited Liability Companies (LLC): A type of company that provides limited liability between partners. In such companies, the personal assets of the partners are protected from the debts of the company.
4. Joint Stock Companies (SA): These are publicly held or privately established companies. Shares can be traded on the stock exchange in publicly traded companies. In joint stock companies, the liability of partners is limited to the value of the shares they own.
5. Cooperatives: These are companies where partners come together to achieve a specific purpose. Partners have the right to participate in the company's decisions and decisions are made democratically. Cooperatives are particularly common in sectors such as agriculture, consumerism and housing.
6. Foreign Companies: Companies from a foreign country operate in Djibouti. Such companies must operate in accordance with local regulations and laws. These company types cover the majority of companies operating in Djibouti. However, more specific or different types of companies may also exist. It is important to pay attention to relevant local laws and regulations.
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