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Summary

    • Best sited for individuals.
    • Complete control of Ownership.
    • No specific registration
    • Best suited for individuals.
    • Complete control of Ownership.
    • Less statutory compliance
    • Best suited for Startup’s.
    • Most preferred for funding
    • Credible, due to compliance formalities.

Liability

  • Personal Liability
  • Limited to Business Investment
  • Limited to Business Investment

Number of Owners

  • Single Owner
  • Single Owner
  • Min: 2 Max: 200

Income Tax Rate

  • Individual Tax Rate
  • 22%
  • 22%

Statutory Audit

  • Individual Tax Rate
  • Required
  • Required

Setup and Compliance Cost

  • Low
  • Medium
  • Medium

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