License Types and Legal Forms

Company License are the following types.

Commercial License

Commercial License is a license for those companies that are involved in any type of trading activities.

Industrial License

Industrial License is a license for companies that are involved in any type of manufacturing or industrial activities.

Professional License

Professional License is a license for companies that are service providers, professionals, etc.

 

Legal Forms are the following types.

Sole Proprietorship


It simply refers to a person who owns the business and is personally responsible for its debts. It refers to a business owned by an individual not a company, the control and operations will be hand of that individual.

Civil Company


A civil company can only practice professional business and is 100% owned by professional partners. It involves an activity practiced by a natural person or more.

L.L.C


A limited liability company (L.L.C) is a separate and distinct legal entity. L.L.C is an association of a maximum number of fifty and minimum number of two partners, each shall be liable to the extent of his share capital.