25 Oct '17
Introduction to different types of companies in Iran law
There are eight types of companies in Iran legal system; 1- Public Joint Stock Company 2- Private Joint Stock Company 3- Limited Liability Company 4- General Company 5- Joint Mixed Company 6- Non-joint Mixed Company 7- Relative Company 8- Cooperative Company.
For more details about Limited Liability Company, General Company, and Mixed Company See Iran Company Law (part one)
All companies have legal personality. Legal personalities have all right and duties of a natural person except those right and duties particularly belongs to natural persons based on the nature like paternity and etcetera. The domicile of a legal person is the place of its head office. Legal persons have the nationality of the country of their domicile.
A company consists of two elements: 1- partners 2- capital. Based on these elements, companies in Iran law have two general categories: 1- partner based companies and 2- capital based companies.