Corporation (SA)

At least 2 shareholders.

Single-Shareholder Corporation (SAU)

Only 1 shareholder is admitted.

Simplified Corporation (SAS)

At least 1 shareholder.

Limited Liability Company (SRL)

At least 2 members.

Branch

Not applicable – this is subject to the requirements of the foreign company's place of incorporation.

Proprietary company

A proprietary company must have at least 1 shareholder.

Public company

A public company must have at least 1 shareholder.

Stock corporation (AG)

One shareholder is sufficient.

Limited liability company (GmbH) and Flexible Company (FlexKapG) 

One shareholder is sufficient.

With Limited Liability (WLL)

No minimum shareholders required.

Closed Shareholding Company (BSC(c))

A minimum of 2 shareholders.

Foreign Branch (Branch)

Not applicable.

Public limited company (société anonyme/naamloze vennootschap)

In principle, only 1 shareholder.

Limited company (société à responsabilité limitée/besloten vennootschap) 

In principle, only 1 shareholder.

Belgian branch office of a foreign company

See minimum and maximum number of directors and shareholders (with respect to the foreign company, this will be determined by the laws governing the foreign company).

Limited liability company (Sociedade Limitada)

There must be a minimum of 1 quotaholder.

Corporation (Sociedade Anônima)

As least 2 shareholders are required. Exception is made to the incorporation of a whole owned subsidiary (sole shareholder company) provided that the incorporation must be made through a public deed and the sole shareholder must be a Brazilian company.

Corporate subsidiary

1 shareholder is sufficient.

Limited Liability Company (Sociedad de Responsabilidad Limitada or SRL)

Minimum of 2 partners and maximum of 50 partners. They may be individuals or legal entities and either Chilean or foreign.

Corporation (Sociedad Anónima or S.A.)

In private corporations, minimum of 2 shareholders and no maximum requirement. They may be individuals or legal entities and either Chilean or foreign. However, if more than 2,000 shareholders are registered in the shareholders' registry for 12 consecutive months, it becomes a public corporation.

In public corporations, minimum of 2 shareholders and no maximum. 

Simplified Corporation (Sociedades por Acciones or SpA)

A minimum of 1 shareholder and no maximum requirement. They may be individuals or legal entities and either Chilean or foreign.

Bylaws may establish minimum or maximum percentages of capital to be controlled, directly or indirectly, by 1 or more shareholders.

Branch of a Foreign Legal Entity (Agencia)

No minimum or maximum requirement for shareholders or partners of the parent company. The parent company is ruled by applicable foreign law.

An LLC may be established by a single shareholder.

General partnership (Sociedad Colectiva) and limited liability partnership (Sociedad de Responsabilidad Limitada)

2 partners.

Limited partnership (Sociedad en Comandita Simple y por Acciones)

There must be a minimum of 1 managing partner and 1 limited partner, and, in case of a share limited partnership, a minimum of 5 share limited partners.

Corporation (Sociedad Anónima)

5 shareholders.

Simplified stock company (Sociedad por Acciones Simplificada)

1 shareholder.

1 shareholder is sufficient.

Limited liability company (Kapitalselskab)

Only 1 shareholder is required.

Please refer to Minimum and Maximum Number of Directors and Shareholders above.

Osakeyhtiö (Oy)

1 shareholder is sufficient.

Société par actions simplifiée (SAS)

One shareholder is sufficient.

Société à responsabilité limitée (SARL)

One shareholder is sufficient.

Société anonyme (SA)

The number of members may not be less than 2.

The number of members may not be less than 7 if the company is a listed company.

GmbH – limited liability company

1 shareholder.

Not applicable for this jurisdiction.

Limited private companies

1 shareholder is sufficient.

Private company limited by shares (Zrt.)

Zrt. is set up by at least 1 shareholder.

Limited liability company (Kft.)

Kft. is set up by at least 1 quotaholder.

Private limited company

Two shareholders.

Limited liability company

A limited liability company must have at least 2 shareholders (particularly for PMA companies), except in certain special circumstances when it can have only 1, but only for a limited period of time and for those regulated in the Indonesian Company Law.

The Omnibus law/regulation (ie, Law No. 11 of 2020 on Job Creation as recently replaced by Government Regulation in Lieu of Law No. 2 of 2022 on Job Creation) introduces individual companies as an exception of the above general concept, the shareholder of which is only 1 individual. However, it must meet the criteria of micro- and small-scale enterprises as regulated in the relevant laws and regulations, which will not apply for any PMA companies. If it no longer meets such criteria, it must convert its status to a limited liability company through notarial deed and be registered with the MOLHR.

Private company limited by shares (LTD)

At least 1 shareholder is required.

External company

Determined by the laws of the jurisdiction of incorporation.

Company

There must be at least 1 shareholder.

Branch / representative office

Not applicable.

Società a responsabilità limitata (S.r.l.) and Società per azioni (S.p.A.)

1 quota-holder is sufficient.

Registered branch

Depends on the governing law of the foreign company.

Kabushiki-Kaisha (KK)

1 shareholder is sufficient.

Godo-Kaisha (GK)

1 member is sufficient.

Private limited liability company (Société à responsabilité limitée or S.à r.l.)

There must be at least one shareholder.

Public limited liability company (Société anonyme or S.A.)

There must be at least one shareholder.

Special limited partnership (Société en commandite spéciale or SCSp)

At least one general partner (associé commandité) and one limited partner (associé commanditaire).

A minimum of 1 shareholder.

Minimum of 1 shareholder (individual or corporate) required and need not be resident in Mauritius.

S.A. de C.V.

2 shareholders.

S. de R.L. de C.V.

2 partners.

S.A.P.I. de C.V.

2 shareholders.

Branch office

Determined by governing law of the head office.

B.V. (private company with limited liability)

1 shareholder is sufficient.

Co-operative U.A.

A co-operative should have at least 2 members.

C.V. (a limited partnership)

A minimum of 2 partners (at least 1 general and 1 limited partner) is required.

Limited liability company

1 shareholder is sufficient.

Branch

Not applicable; this is subject to the requirements of the overseas company's place of incorporation.

Private company

A private company is one which has a minimum of 1 member and a maximum of 50 members.

Public company

A public company must have a minimum of 2 members and no stated maximum number of members.

See Minimum and maximum number of directors and shareholders.

Corporation (Sociedad Anónima or S.A.)

Minimum number of shareholders: 2.

Maximum number of shareholders: 749.

They may be individuals or legal entities and either Peruvian or foreign.

Closed stock corporation (Sociedad Anónima Cerrada or S.A.C.)

Minimum number of shareholders: 2.

Maximum number of shareholders: 20.

They may be individuals or legal entities and either Peruvian or foreign.

Open corporation (Sociedad Anónima Abierta or S.A.A.)

Minimum number of shareholders: 2.

Maximum number of shareholders: not applicable.

They may be individuals or legal entities and either Peruvian or foreign.

Limited Liability Company (Sociedad de Responsabilidad Limitada or S.R.L.)

Minimum number of partners: 2.

Maximum number of partners: 20.

They may be individuals or legal entities and either Peruvian or foreign.

Branch of a Foreign Legal Entity (Sucursal)

No minimum or maximum requirement for shareholders or partners of the parent company. The parent company is ruled by foreign law.

Not applicable in general.

At least 1 shareholder is required in a commercial company. A single-shareholder limited liability company cannot be established by another single-shareholder limited liability company.

Please refer to Minimum and maximum number of directors and shareholders above.

At least one (1) shareholder.

Joint stock company (JSC)

• Minimum 2

Limited liability company (LLC)

• Minimum 1

Joint-stock company (public and non-public)

One shareholder is sufficient.

A company cannot have another company with 1 shareholder or participant as a sole founder (ie, shareholder) unless otherwise provided for by the federal law.

Limited liability company

One member is sufficient.

A company cannot have another company with 1 shareholder or member as a sole founder (ie, shareholder).

Limited liability company

At least one shareholder is required for an LLC.

Limited liability company

1 shareholder is sufficient.

Not applicable for this jurisdiction.

Joint-stock company (Jusik Hoesa)

1 shareholder is sufficient.

Limited company (Yuhan Hoesa)

1 member is sufficient.

Branch (Sucursal)

A branch does not have shareholders.

Limited liability company (Sociedad Limitada)

1 shareholder is sufficient.

Joint-stock company (Sociedad Anónima)

1 shareholder is sufficient.

Limited company (aktiebolag, AB)

1 shareholder is sufficient.

Trading partnership (handelsbolag, HB)

Not applicable for this jurisdiction.

Limited partnership (kommanditbolag, KB)

Not applicable for this jurisdiction.

Branch office (filial, Branch)

Not applicable for this jurisdiction.

Stock corporation

1 shareholder is sufficient.

Company limited by shares

Must have at least 2 shareholders but may have a sole shareholder if such sole shareholder is a company. There is no maximum number of shareholders.

Closely-held company limited by shares

1 shareholder is sufficient. The maximum number of shareholders is 50.

Limited company

1 member is sufficient.

Branch office of a foreign company

Not applicable for this jurisdiction.

Private limited company

Minimum number of shareholders required by law is 2.

Public limited company

Minimum number of shareholders required by law is 15.  

Partnerships

Not applicable for this jurisdiction.

Private limited company

Not applicable for this jurisdiction.

Public limited company

Not applicable for this jurisdiction.

Ordinary partnerships (adi ortaklık)

Minimum number of partners required by law is 2.

At least one participant/shareholder is required.

LLC

Maximum 50. Minimum one.

Branch

Not applicable for this jurisdiction.

FZ-LLC

Minimum is one. The maximum varies from one free zone to another.

FZ-Branch

Not applicable for this jurisdiction.

Dual Licensee Branch

Not applicable for this jurisdiction.

Private limited company

At least one shareholder is required.

Limited liability partnership (LLP)

No shareholders. Must have at least 2 members, 2 of which must be designated members.

Registered UK establishment

Not applicable for this jurisdiction.

Minimum of 1 for each type of entity.

Please refer to Form of entity.