What are the Cocos (Keeling) Islands Company types?

The following types of companies exist in the Cocos (Keeling) Islands:

1. Individual Company: It is a type of company operated by one person and all decisions and responsibilities are on the person.

2. Partnership: A type of company formed between two or more people in which decisions and responsibilities are shared.

3. Company: It is a type of business that has limited liability and is financed by capital contributions from shareholders.

4. Cooperative: It is a type of business created with the cooperation of members and decisions are made democratically. Members benefit equally from the profits of the business.

5. Foreign Company Branch: It is a type of business formed when a company established abroad opens a branch in the Cocos (Keeling) Islands.

6. Limited Liability Company (LLC): A type of company in which the owners of capital have limited liability and the business is a separate legal entity. These are just a few of the common types of companies found in the Cocos (Keeling) Islands. There may also be other types of companies, and the establishment and operating conditions of these companies are subject to legal regulations.

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