What are the types of companies in Fiji Islands?

There are various types of companies in the Fiji Islands. These are:

1. Sole proprietorship: It is a type of company that is owned by a single person and there is no distinction between the person and the company. In such companies, the person assumes all responsibilities and the income and expenses of the company belong to him.

2. Partnership: It is a type of company where two or more people establish a joint business. Income, expenses and responsibilities are shared between partners. The rights and responsibilities of the partners are determined by the partnership agreement.

3. Limited liability company (LLC): In this type of companies, the company owners (partners) are limitedly liable for the company's debts. It is possible for the company to be established by an individual or another company.

4. Joint stock company (Public company): These are companies that are open to the public and offer their shares to the public. In such companies, shareholders have the right to determine the company's profits and management.

5. Private company: These are companies that are not publicly traded and offer their shares to a limited number of people or organizations. In such companies, transactions between shareholders are more limited and management is less complex. Each of these company types is subject to different regulations and has different business advantages and disadvantages. Before forming a company, it is important to carefully consider the legal requirements and the advantages and disadvantages of company types in the Fiji Islands. It may also be helpful to seek help from a professional counselor.