Register a firm
The
term "pvt ltd company" refers to a private limited
corporation could be any kind or business organization that is
in "private" control which is utilized in numerous
countries, as opposed to the publicly traded company that has some
differences between countries. Examples include: LLC that is found in the
United States, private company limited by shares in the United Kingdom, GmbH in
Germany and Austria in Germany and Austria, societe de responsabilite limite in
France as well as sociedad de responsibility limitada in the world of
Spanish. The advantage of having an LLC that is private is that it
is only a small amount of liability. PVT ltd company registration be
offered to shareholders within the company, which means that it may be
challenging to liquidate the company.
Albania[edit]
The law in Albania an Albanian
limited liability entity ( Shoqeri mepergjegjesi te Kufizuar
Sh.p.k) is a commercial business founded by individuals who are of legal or
physical standing and who are not personally responsible for the company, and
who personally are only responsible for losses in the amount of contributions
due under agreements. Contributions from partners form the capital
registered for a limited-liability business. Each partner is entitled to a
quota in the company , in proportion to their share of capital, so the capital
registered by the company is distributed among the partners according to the
proportional proportion of their contributions. In Albania the limited
liability company must not possess a capital value lower than ark.
Argentina[edit]
While not exactly the same However,
however, the Argentine variation in the LLC is called Sociedad of
Responsibilidad Limitada (S.R.L. ) and restricts the liability of its
members to their contribution to capital in the company. Equity is split
into equally stakes (can not be referred to as "shares") and each of
which is an amount of the business and cannot be sold on the market. The
by-laws of the partnership are governed by the law and the commercial
partnership is restricted to 50 partners.
Bolivia[edit]
In Bolivia in Bolivia, the LLC
version is known as Sociedad de Responsabilidad Limitedada (S.R.L.). The legal
framework of these firms are outlined in the board (Decree Law Ndeg 14379
of February 25 1977) along with its amendments, as well as other laws. The
members are involved by way of capital stakes, as well as their liabilities are
restricted to the amount they have paid in contributions. The number of
members should be between 2 and 25.
Bosnia
and Herzegovina[ editBosnia and Herzegovina[ edit
Bosnian and Herzegovinian law,
similar to that of Serbia, Montenegro, North Macedonia is considering LLCs
as the drustvo s ogranicenom or odgovornos (d.o.o.). Companies
with this structure include an abbreviation d.o.o. to their company's
name. A shareholder or member of a d.o.o. is personally liable only
for the value of the investment made by the member within the firm.
Brazil[edit]
The corporate structure under
Brazilian law with the most resemblance that of one of American LLC is called
the Sociedade Limitada ("Ltda ."), under the new
Brazilian Civil Code of 2002. The Sociedade Limitada is the brand new name
of the sociedade for limits on responsibility, and it may be operated as an
empresaria or a simples, as per the new code, which is roughly similar to the
forms of commercial ("commercial") as well as civil ("non
commercial") of the Commercial Code. An amendment to the law of
Brazil has allowed the creation of an LLC through a sole-proprietor with two
types: Empresa Individual de Responsabilidade Limitada ( Eireli for
short) or Sociedade Unipessoal Limitada ("Ltda
."). The most important prerequisite to be the formation of an Eireli
includes a capital amount of 100 times the minimum wage,[88 R$1 78.800,00 [9](US$26.267.00)
in 2015; for an Sociedade Unipessoal Limitedada, the same rules apply as to the
other Sociedades Limitadas [10]
Bulgaria[edit]
Bulgarian legislation corresponds
LLCs (Ltd, GmbH, SARL, etc.) as "Druzhestvo s ogranichena
Otgovornost" ( Druzhestvo s the ogranichena of the of otgovornost (company
which has a limited liability). Companies that are incorporated under this
form include the Cyrillic abbreviation OOD (Latin
script: OOD) to their name. In the case of an LLC incorporated with a
sole-shareholder/member (sole-ownership), this is designated and known as
"Ednolichno druzhestvo s ogranichena otgovornost" (Ednolichno
druzhestvo s ogranichena otgovornost; sole-ownership company with limited
liability) and abbreviated as EOOD (EOOD). The EOOD specifically
is not subject to general, annual or extraordinary meetings to make decisions,
and can only issue writing resolutions.
Chile[edit]
Chilean law allows for a particular
type of LLC referred to as "Sociedad of Responsabilidad Limitedada"
(Limited liability association). Additionally, (LLC) These firms are
controlled under the laws of Ndeg 3.918. The most significant features, we
can state that:
- They can pursue a commercial or non-commercial purpose
(Sociedad Comercial de Responsabilidad Limitada / Sociedad Civil de
Responsabilidad Limitada).
- They have to be created with two or more persons and
may hold 50 people.
- Their equity is split in "cuotas" (not
shares) each of which is a proportion of the company's assets.
- They may be controlled by one or more managers
(external when necessary) or by an executive board.
- The by-laws of the company can't be changed and neither
can their partners be altered, without the permission of the other
partners.
- When it comes to taxation They differ from LLC's in
that they are required to pay an amount of corporate tax for their income,
which can be claimed by the owners to offset the tax they have to pay.
Chilean law also permits an
extremely specific type of LLC owned by an individual called Empresa
Individual de Responsabilidad Limitedada (Limited Limited Liability
Company) that uses the E.I.R.L. aggregation.
Colombia[edit]
Colombian law contemplates a similar
structure to the one described on the Chilean case. It is also possible to
use the Ltda. abbreviation is also utilized throughout
Colombia.
Croatia[edit]
In Croatia, an private limited
liability corporation is known as Drustvo s Ogranicenom Odgovornoscu (literal
limit liability company) which is abbreviated as d.o.o.. An
open-ended liability corporation is referred to as dionicko dirustvo (literal
word: jointly-owned corporation) shortens d.d..
Czech
Republic[edit]
Czech law permits LLCs to be the
spolecnost of s rucenim as well as s (s.r.o. (or spol. or spol.
r.o.). A s.r.o. is not technically equivalent to an LLC
since the profits are in the tax bracket of double taxes. Czech law
doesn't provide the possibility of establishing as a limited company, without
the chance of being able to avoid double taxation. The liability of the
managing director is not restricted in Czech management directors, as the
management director ( jednatel, the mandatory board member of Czech
LLCs) is liable for all liability, which covers all of the property he/she
owns, including his private ones.
Denmark[edit]
The Danish version of an LLC is
known as the Kommanditselskab (K/S). There are no minimum
capital requirement. In a K/S, there exist two kinds of shareholders:
the Komplementar who are fully accountable as well as
the the kommanditist with a liability limit. A K/S can be
described as a tax transparent business meaning that the profits "passes
over" the business directly to shareholders.
Dominican
Republic[ editDominican Republic[ edit
Dominican Republic legislation contemplates
LLCs as Sociedad de Responsabilidad Limiteda which is also known by the
abbreviation S.R.L. The law of the Dominican Republic states that S.R.L.s
offer the members of their company a limited liability according to the amount
they contributed to the business (i.e. the contribution of capital). This
kind of company was established with the passing of that law was passed under
the number 479 from the year in 2008.
Estonia[edit]
It is the Estonian variant of the
private limited (limited to liability) is known as Osauhing (OU). The
kind of business entity also has to be identified by its name. The OU can
be taxed like an entity that is a corporation. The minimum capital
requirement by law is EUR 2,500.
Finland[edit]
While not exactly the same Although
not exactly the same, however, the Finnish model of LLC is known as the Oy
(osakeyhtio) also known Swedish ab (aktiebolag). The Oy is taxed like an
entity. From 1 July 2019 the minimum capital is not requirement under the
law.
Germany[edit]
Due to its hybrid nature, it's very
difficult to establish the German equivalent in Germany. On one hand it is
possible to consider it as a kind of Gesellschaft mit beschrankter Haftung
(GmbH) because it has aspects of a corporation; on the other hand it could be
considered to be a kind of Kommanditgesellschaft (KG), which is the German
equivalent of a limited partnership. According to the literal meaning to
the German word "company" the LLC is considered to be a form of KG
without a responsible partner. The German equivalent that comes closest to
LLC, is GmbH & Co KG, a nested Kommanditgesellschaft (KG)
where a Gesellschaft mit beschrankter Haftung (GmbH) takes the role
of the fully liable partner. For the purpose of taxation, the
Bundesfinanzministerium (German Federal Ministry of Finance) gives detailed
guidelines of the circumstances under which an LLC is to be considered to be a
"corporation" or as a "limited partnership".[15] It is
useful to note, however, that the original LLC statutes of Wyoming and other US
states were more or less explicitly modeled after the GmbH.[16]
Greece[edit]
An LLC or limited liability
corporation (LLC) located in Greece is synonymous with an EPE (EPE EPE =
Etaireia Periorismenes Euthunes).
Hong
Kong[ editHong Kong[ edit
The Limited Company is the most
popular type of company in Hong Kong, the Limited Company is the most
frequently incorporated type of business [1818] and has
its characteristics as an Limited Liability Company. The fundamental
features of the Hong Kong Limited Company include one of the following:) it
must have at least one director and one shareholder (can also be one person)
and it is ii) the Hong Kong company requires a company secretary who is
resident in HK and the third) the company can be owned by foreigners permitted
and in addition,) shareholders of companies have a limit on liability and) the
company has to have a an official HK address.
Entrepreneurs who wish to establish
a company with Hong Kong can choose a Hong Kong offshore company. The
structure of this company is one of the HK Limited Company but all operations
are carried out in the outside world of Hong Kong. The benefit of this
type of structure is that any business revenue that comes from out of Hong Kong
is tax exempt.
Hungary[edit]
Hungarian legislation contemplates
LLCs as Korlatolt felelossegu tarsasag. Businesses operating
under this form add an abbreviation Kft. to their name. Hungarian
LLCs must have a three million HUF (Hungarian Forint) (approx. $11,000)
beginning capital. The formation timeframe for the new electronic option
for formation is reduced from two weeks to only two hours. The additional cost
for formation is approximately 100,000 HUF (approx. US$540). Kft.s
can be created through the co-operation of lawyers.
The Hungarian Kft. is the most
commonly used method of conducting business in Hungary. Since Hungary is
part of the European Union (EU), Hungarian Kft.s are now able to obtain the EU
VAT Registration Number in order to start conducting business in the EU. The
Hungarian EU-VAT registered. number begins by a "HU". The
existence of the business concerned tax issues, VAT and cross-check are
available through the common EU website for businesses. [
Iceland[edit]
According to Icelandic law there are
two primary types of LLC forms: both public and private held restricted
liability types. Private LLC is abbreviated as "Ehf." The
minimum capital required is 500, 000 Icelandic Kronas (kr.). Public LLC is
abbreviated "Hf." with a minimum investment of $4,000,000.
India[edit]
Nearly 93 percent of businesses that
are registered with India can be registered under the name private limited
Companies. he majority of private limited companies in India are
registered as Private Limited Companies.
The Ministry of Corporate Affairs is
the body responsible for governing every Private Limited Companies in
India. The principal law that regulates Private Limited Companies is
the Companies Act 2013.
Prior to 2015 members (known by the
name of members) were required to pay a minimum amount of the amount
of1 thousand (equivalent up to Rs1.3 lakh or US$1,600 by the year
2020) as a subscription to form the company as a private limited. A
private limited company may have up to 200 members. A company with only
one member is known as one person company. One Person Company. [2222.
The Company Act , 2013 is
the legislation that regulates the company as well as the rules (Delegated
Legislation) and notices and Circulars along with Notifications released by the
Ministry of Corporate Affairs.
Iran[edit]
In 2015 there were seven kinds of
firms that are registered under Iran's registration of companies law. One
of the seven kinds of partnerships and companies are LLPs. As in many
other countries two people must make up the LLP to form an LLP in
Iran. Each member has their share of the company and accountable for
business liabilities equivalent to their percentage of shares. The LLPs of
Iran are named based on the structure illustrated with the below example
"Sherkat Ba Masooliyate Mahdood" is translated as "Sherkat
Shrkht Corporation" + "Mahdood MHDWD Limited" + "Masooliyat
Msy'wlyt Liability".
Italy[edit]
The Italian Civil Code was
approved in 1942, and in its current form, as amended in the Act of Government
6/2003, which further modifications, generally offers three types of limited
liability companies:
- Societa per azioni (S.p.A.):
the minimum capital needed to start required for the formation of an SpA
of the sum of EUR50,000. The capital is divided into shares
(azioni) which are transferred through endorsement, or purchased and sold
through stock exchanges. SpAs are the only ones that can. SpAs can be
listed on the markets on stock exchanges or issue corporate bonds as well
as other instruments of finance. SpA forms and higher capital are
legally required to be used within protected enterprises
(i.e. leasing companies, banks etc. ).
- Societa a responsibility limitation (Srl) (Srl): the minimum capital needed to start
an Srl is EUR 10,000. Its capital is divided in stakes (quote) that
can be purchased or sold through a notarial act. Srls are able to
issue corporate bonds, however they are subject to a variety of
restrictions. Like that of the Srl can be an entity called
the Societa Cooperativa A Responsabilita Limitedata (Scarl)
which's purpose is not profit-making but to offer benefits to stake
holders.
- Societa in accomandita for azioni (Sapa) The minimum capital required to start Sapa
Sapa is 120,000 euros divided into shares. Sapas are a mix liability
structure which means that shareholders with standard shares have a
limited liability, while the managing shareholders face full
responsibility. However, SAPAs function identical to SPAs even though
they are not common.
Companies can add the abbreviation
to the company's name.
Japan[edit]
Japan has passed legislation in the
year 1996 to create a new kind of business entity, the
godo-kaisha (J-LLC) it is similar to an American LLC. [ Need
to citeThe Japanese Tax authorities do not regard J-LLC
(Godo-Kaisha) as a pass-through entity however it is a tax-paying entity.
Latvia[edit]
The limited-liability company of
Latvia is known as the sabiedriba atbildibu or Ierobezot (SIA). SIA
can be taxed like a company. Share capital is the minimum that is required
under law amounts to EUR2,800. However, it is possible to create SIA
with capital for shares of EUR1.00 but it has to be raised to a the minimum share
capital of EUR2,800 by increasing share capital by cash or by transferring
minimum 25% of the annual profits until capital will be at least EUR2,800.
Mexico[edit]
Mexican legislation contemplates
LLCs as Sociedades de Responsabilidad Limitada (including Sociedades
de Responsabilidad Limitada de Capital Variable), also known for their
abbreviation "S. de R.L." (or "S de R.L. or "S de
R.L. C.V.") ( Limited and limited liability corporation (also
known as the limited liability business that has fixed capital). S.
de R.L. 's decision to limit liability for its members in the amount of
the amount they contribute to the business (i.e. contributions in capital) and
can also be used as flow-through companies where earnings can be
"passed-through" into its member companies, thus avoiding double
taxation. This kind of business is extensively utilized by foreign
investors in Mexico due to its "pass-through" method and "check
the box" option within the IRC (Internal Revenue Code of the U.S.). The Citation
requiredThe IRC allows for "check the box"
Moldova[edit]
Moldovan legislation permits LLCs to
operate as Societate cu a Raspundere Limitata that is
abbreviated "S.R.L. ", and are regulated member(s)-founder(s),
and other non-founder members, minimum one member-founder and maximum total of
50 members, at least one of them must be the founder of the company, but all of
the 50 could be also founder
North
Macedonia[ editNorth Macedonia[ edit
Macedonian legislation contemplates
LLCs as Drushtvo so ogranichena odgovornost (Drushtvo so
ogranichena odgovornost). The companies that operate under this
structure add an abbreviation d.o.o. ( d.o.o.) to
their names. The minimum capital required to start of a d.o.o. is EUR
5,000.
Norway[edit]
In Norway the closest thing to an
LLC is likely the Kommandittselskap (KS). In a K/S, there
exist two kinds of participants: one the komplementar who is
fully responsible and the other Kommandittists with a lower
liability. There are capital requirements that are minimal. It is
important to note that the KS is a tax transparent company that means that the
earnings "passes over" the business directly to shareholders.
Pakistan[edit]
In Pakistan LLCs are recognized as
private corporations that terminate (Local Liability Corporation) by forming a
Pvt. Ltd. They must have at minimum the amount of Rs 100,000 as
their minimum capital amount to be paid.
The Securities and Exchange
Commission of Pakistan (SECP) has made it obligatory for all listed businesses
to provide their documents, returns as well as applications via SECP's
eServices online filing facility. prior to this, the obligation was only
available to companies that were incorporated using the eServices the online
file facility.
Peru[edit]
There is no equivalent to the form
of an LLC in Peru however, similar corporate forms to the LLC include:
- Sociedad anonima cerrada (S.A.C. ) A company that has at minimum at
least two but not over 20 shareholders. The shares of the company can not
be sold to the public , and they cannot be traded on the stock exchange.
- Sociedad comercial de responsabilidad limitada (S.R.L. ) is a partnership in commerce
comprised of equal shares that is not able to be referred to as
"shares". It should have at least two but no more than 20
members.
- Sociedad civil responsibility limited (S. Civil de. L.), an association of
professionals consisting with at least two and not more than 30
individuals and co-ownership through capital, professional contributions
or any combination of the two.
- Empresa individual de responsabilidad limitada (E.I.R.L. ) is a legal entity with a single
owner.
The capital required by any of these
entities can be determined in accordance with the statutes of its. There
isn't a minimum requirement for any entity, except for those that engage in
certain kinds of activities mostly in market for financial instruments, and
regardless of the type of business. [27]
Poland[edit]
In Poland limited liability business
is referred by its literal name of "company which has limited
liabilities" (spolka Z ograniczona Odpowiedzialnoscia) legally abbreviated
as Sp. Z. o.o. (or sometimes , Sp. z o.o. in particular names). Informally,
as in Polish language it is abbreviated to spolka Zoo (pronounced
with an extended "o" for "tow ."). However, sp. z
o.o. is an (separate with its proprietors) legal entity that gives it the power
to carry out specific legal actions and is regarded as to be a "corporation".
The minimum capital for start-ups is
5 000 pounds (since 2009; up to then, it's 50,000 PGN).
Portugal[edit]
In Portugal LLCs are known as
" Sociedades de Responsabilidade Limitada" which
translates to, "company of limited responsibility" which is usually
known as "LDA.. They are tax-exempt, and company shares
can't be traded on a market that is public in 2006; however, the transfer of
these shares is not required with the help of an official Civil
law notary except when the company is a landlord, similarly to other
significant properties must be sold. The responsibility of the
shareholders is restricted to the share of capital they hold, as well as the
minimum capital that is required by law for an notary. of
EUR5000. (In 2006, the PS Government, led by Jose Socrates, did reduce the
minimum capital required to EUR1 and in 2011 The new PSD Government, led by
Pedro Passos Coelho, reinstated the EUR5000 minimum capital.) The capital
does not have to be deposited at date of registration of the company; instead
the shareholders are given until December 31st of the year that the
registration was established
Romania[edit]
Romania has recognized the
limitation liability company from 1990 under the name société cu
raspundere limitata (S.R.L. ) where individuals are responsible
for obligations of the company in the range of their contributions towards social
capital. The minimum starting capital is 200 RON, which is just
EUR50.
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