There are 5 business types available for you to start your business!!
Private Limited Company
- Private Limited is the best if you have more than 20 shareholders but less than 50
Exempt Private Companies
- If you have less than 20 shareholders and do not have any corporate shareholders, this type of company is best suited for you
Partnership
- Owners can be individuals or companies
- There must be a maximum of 2 owners and a maximum of 20
Sole Proprietorship
- This type is the simplest and most flexible business structure with only one owner
- Before a business can be registered, the applicant proprietor/partner must apply to the Registry to ensure that the proposed name is available
Limited Liability Partnership (LLP)
- The partners can be individuals or companies
- There must be a minimum of 2 partners
- There is no maximum number of partners in a LLP