What are the types of companies in Sao Tome and Principe?

There are many types of companies in Sao Tome and Principe. The most common among these are:

1. Limited Liability Company (LLC): This type of company is the most common and popular. Partners have limited liability and are not personally liable for the company's debts.

2. Joint Stock Company (SA): This type of company is a company where shares are publicly traded and shareholders have limited liability. There must be at least one shareholder.

3. Private Company: These types of companies have limited liability and are not required to offer their shares to the public. Therefore, shareholders have limited liability for the company's debts.

4. Cooperatives: In Sao Tome and Principe, cooperatives are cooperative organizations in which members have equal rights and bear common responsibility. Cooperatives can operate in farming, fishing, trade and other sectors.

5. Individual Company: These types of companies are companies that belong to a single person and operate the person's personal assets. In such companies, the person is fully responsible for the company's debts.

6. Foreign Company Branch: If a foreign company opens a branch in Sao Tome and Principe, this branch is subject to local laws and has access to local resources. A foreign company branch does not have an independent existence from the parent company. Besides these company types, other private company types may also exist in Sao Tome and Principe. It is important to seek advice on choosing your company type in accordance with local laws and regulations.

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