What are the types of companies in Zambia?

There are various types of companies in Zambia. The most common of these are listed below:

1. Individual Company: These are companies established and managed by one or more people. The entire responsibility of the company belongs to its owner.

2. Limited Company: The most common type of company, limited companies are established by partners who own shares. The liability of the company is limited to the partners.

3. General Partnership: It is a type of company established by at least two people and all partners share the responsibility of the company.

4. Cooperative: These are companies established to protect the common interests of the members. Cooperatives generally operate in sectors such as agriculture, consumption, development and energy.

5. Public Company: These are companies established and managed by the Zambian government. They generally operate in strategic sectors.

6. Branch or Associate Company: It is a branch opened by a foreign company to operate in Zambia. It is affiliated with the parent company and operates under its management. These company types offer different business models for businesses operating in Zambia and each has its own advantages and disadvantages. Business owners should choose the type of company that best suits the needs and goals of the business.