What are the types of Companies in Bhutan?

There are various types of companies in Bhutan. The most common among these are: 1st Person Company: It is a company operated by one person alone. In such companies, the business owner assumes all responsibility and receives all the profits of the business.

2. Partnership Company: It is a company established between at least two persons. Partners share the profits and losses of the business and participate in the management of the business.

3. Limited Company: It is a type of company in which partners have limited liability. In these types of companies, partners are limited to the debts of the business regardless of their personal assets.

4. Public Company: These are companies established by the state or public institutions. They generally operate in sectors of strategic importance and provide public services.

5. Cooperative Company: It is a type of company established to protect and support the common interests of the partners. Partners participate in the management of the business and make decisions. Each of these company types is subject to different regulations and offers different advantages and disadvantages. It is important for those wishing to establish a company in Bhutan to consider these different types of companies and the relevant legal regulations.