What are the types of companies in Svalbard and Jan Mayen Islands?
Svalbard and Jan Mayen Islands are two separate territories of Norway and their company types are similar to Norwegian companies. The following types of companies exist in these regions:
1. Joint Stock Company (AS): It is a type of company divided into capital shares. Owners are liable for the company's liability only for the amount of capital they have invested.
2. Limited Liability Company (AS): It is a type of company with limited liability. Owners are liable for the company's debts only for the amount of capital they have invested.
3. Cooperative Company (SA): It is a type of company based on the principle of mutual aid and solidarity among its members. The decision-making process is done democratically. 4th Person Company (ENK): It is a type of company operated by a single person. The owner takes full responsibility for the company.
5. Partnership (DA): It is a type of company established by an agreement between two or more individuals or organizations. Partners contribute to the company's decisions and responsibilities. For more information about the company formation process and types of companies in Svalbard and Jan Mayen Islands, it is recommended that you seek support from the relevant institutions of the Norwegian government or local business advisors.
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