Private Limited Company

A limited company requires professional help to setup. The business is setup as a legal entity. A LTD company must be registered with the Companies Registration Office.


Advantages & Disadvantages of a Limited Company

Advantages

  • Owners are not personally responsible for debts 
  • It is a separate legal entity
  • Ownership is transferable
  • Trade Profits are taxed at 12.5% 


Disadvantages

  • More formalaties and complicated accounts than a sole trader.
  • Expensive to set up, and is closely regulated by law.
  • Legal documents required.

For further information or advice, please contact us today