What are the types of companies in Tuvalu?

Types of companies in Tuvalu include:

1. Individual Business: These are small businesses operated by one person and bearing the personal responsibility of the owner.

2. Partnership: Businesses created by a partnership agreement between two or more people. Partners share the profits and losses of the business and participate in the management of the business.

3. Limited Liability Company (LLC): In this type of company, the personal assets of the partners are protected from the debts of the business. Partners share the revenues of the business and participate in the management of the business.

4. Joint Stock Company (AS): In this type of company, shareholders share in the profits and losses of the business and are managed by the board of directors. Shareholders are not personally liable for the business's debts.

5. Public Company: These are companies controlled by the state or operating for the public benefit. These companies are generally governed by private law and governed by specific laws and regulations.

6. Cooperative: A business jointly owned and managed by members. Cooperatives are often established to serve a specific purpose or operate in a specific sector. These company types represent different business models that can be chosen to operate in Tuvalu. Each type of company can offer different advantages and disadvantages, so business owners should choose the one that best suits their needs and goals.