It is a capital company Consists of at least three shareholders.Company’s name should be derived from its purpose; it can include name/names of the shareholders. Liability of a shareholder is limited to payment of the value of the subscribed shares. Its capital is divided into shares of equal value that can be transferable in the manner specified in the law. Capital may be paid in full 100% upon incorporation, or;25%upon incorporation, and the remaining amount shall be paid within five years from the date of incorporation.