What are the types of companies in Eritrea?

There are various types of companies in Eritrea. These include:

1. Individual Business: These are small-scale businesses operated by one person and whose responsibility belongs to the person.

2. Partnership: Companies established between two or more people. Profit sharing and responsibilities are shared between partners.

3. Limited Company: A limited company is a type of company established by at least two partners. The liability of the partners is limited to the capital of the company.

4. Joint Stock Company: It is a type of company established with the participation of at least one shareholder and collecting capital through shares. Shareholders share in the profits and assets of the company.

5. Cooperative: It is a business established by members and operating jointly. Profit and loss sharing is done among the members.

6. Public Company: These are companies owned by the state or public institutions. These companies are established to provide public services or to implement the economic policies of the state. Each of these company types is subject to different regulations and offers different advantages and disadvantages. It is important to choose the most appropriate type of company based on the business owner's needs and goals.