Types of companies

What are the different types of companies recognized in Mauritania?

PARTNERSHIPS

1.Sole proprietorship :
Share capital: No concept of share capital
Number of partners: One
Quality of the partner: Natural person
Responsibility of the partner: Total and indefinite on the personal goods.
2.General partnership (SNC):
Share capital: Capital freely determined by the partners
Quality of the partners: Natural person
Responsibility of the partners: Partners.
3.Limited partnership (SCS):
Share capital: Capital freely determined by the partners
Number of partners : Minimum 2
Quality of the partners: Natural person
Liability of the partners : The general partners are jointly and severally liable for the company's debts and the limited partners bear the losses up to the amount of their contributions.

CAPITAL COMPANIES

1.Limited liability company (SARL):
Share capital: Capital freely determined by the partners
Number of partners: Minimum 1 and maximum 50
Quality of the partners: Natural or legal person
Responsibility of the partners : Limited to the contributions.
2.Public limited company (SA):
Share capital: Minimum 500 UM/per share
Number of partners: Minimum: 1
Quality of partners: Natural or legal person
Partners' liability : Limited to the contributions.
3.Simplified joint stock company (SAS):
Share capital: Minimum 2 million UM/per member company
Number of partners: Minimum 2
Quality of partners: Legal entity
Liability of partners : Limited to contributions.
3.Partnership limited by shares (SCA):
Share capital: Minimum 500 UM/per share
Status of partners: Natural or legal person
Liability of partners : Limited to contributions.