Share Transfer: Share transfers are not subject to any registration procedures.

Liability: A joint stock company is solely responsible for its debts as an amount of its assets and shareholders are solely responsible to the company and their responsibility is limited to their subscribed shares.

Following companies that are subject to special legislation must be incorporated as Joint Stock Company and approval of Ministry of Customs and Trade is required for their incorporation.

• Banks,
• Insurance Companies,
• Factoring Companies,
• Holding Companies,
• Companies operating as foreign currency exchange offices,
• Companies operating in Public Warehousing,
• Securities, Real Estate, Venture Capital Investment Companies,
• Intermediary Institutions,
• Financial Leasing, Factoring, Consumer Financing,
• Companies that are founders and operators of free zones