العربية• Company Formation
A structure built for investors and transferable ownership
In a joint stock company, capital is divided into shares and the company is run by a board of directors under the oversight of the general assembly; each shareholder’s liability is, in principle, limited to the value of their shares. A partnership limited by shares combines at least one general partner, who manages the company and carries personal liability, with shareholders whose liability is limited to their shares.
• When does this form fit?
- A venture planning funding rounds or staged investor entry.
- A company that needs a clear separation between ownership and management.
- Activities for which the law or the regulator requires a joint stock company.
- Founders who want fixed governance rules from day one.
• What our support covers
How we handle the file
- Reviewing the right structure: joint stock, partnership limited by shares, or another form.
- Drafting the statutes and the rules for the board and the general assembly.
- Structuring shareholder rights and share-transfer restrictions in line with the funding plan.
- Following up incorporation until the commercial register and tax card are issued.
- Supporting governance afterwards: general assemblies, capital increases and amendments to the statutes.
• Documents
What incorporation usually requires
- Founders’ details and identity documents.
- The proposed trade name and its availability check.
- Issued and paid-up capital and proof of payment.
- The composition of the board of directors.
- A document for the registered office.
Capital thresholds and payment rules are set by the law and its executive regulations; we check them against the latest amendment at the time of incorporation.
• Common pitfalls
What can delay the file?
Choosing a joint stock company for a small venture that does not need its governance burden.
Statutes that do not anticipate a new investor and need amending at the first funding round.
Neglecting the periodic obligations of the general assembly and the board.
Confusing the powers of the board with those of the general assembly, so decisions are taken by the wrong body.
• FAQ
Questions we often hear before incorporation
How many founders does a joint stock company need?
At least three founders, under Article 8 of Companies Law No. 159 of 1981.
What is the difference from a partnership limited by shares?
A partnership limited by shares has at least one general partner with personal liability, while shareholders in both forms are liable only up to their shares.
Can we convert to a joint stock company later?
Yes, the legal form can be changed under the prescribed procedures, and we review the right timing against your funding plan.
• Related routes
Your file may also involve
• Your next step
Planning a company that will take on investors?
Send us your project details; our team will review them and contact you about the next step.
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