What type of company is a state-owned enterprise organized under?

According to the current regulations on enterprises, under which company type can a state-owned enterprise be organized?

Pursuant to Clause 1, Article 88 of the Enterprise Law 2020, regulations on state-owned enterprises are as follows:

  1. State-owned enterprises are organized and managed in the form of a limited liability company and a joint-stock company, including:

a) Enterprises in which the State holds 100% of the charter capital;

b) Enterprises in which the State holds more than 50% of the charter capital or the total number of voting shares, except for enterprises specified at point a, clause 1 of this Article.

Thus, according to the current regulations, state-owned enterprises are organized and managed in the form of a limited liability company and a joint-stock company.

Respectfully!

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