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Legal forms of companies

`Form`	`Number of Partner`	`Minimum` `and/or` `maximum capital`	`Liability`	`Registration fee`	`Release of financial documents`
Private Limited Company	1 or several partners	DZD 100,000 divided into shares (DZD 1,000 by shares) minimum totaly subscribed and released.	Liability is limited to the amount contributed.	DZD 10,000 for registration fees.	Yes
Joint-stock Company	Minimum 7 shareholders	DA 1 million	Liability is limited to the amount contributed.	DZD 10,000 for registration fees.	Yes
General partnership	Minimum 2 partners.	No minimum capital.	Liability is joint and several, and indefinite.	DZD 10,000 for registration fees.	No
The partnership limited by shares	Two types of partners: active partners and sleeping partners.	No minimum capital.	Active partners' liability is joint and several. Liability of sleeping is limited to the amount contributed.		No

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Registration & Licensing

First, registration with the Trade Register is compulsory prior to any commercial activity in Algeria. The operator has to contact the National Centre of the Trade Register (CNRC). The registration fees amount to DZD 4,000 (stamps) and DZD 3.950 (common law).

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Legal Framework

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Foreign exchange

Currency exchange control is rather flexible in Algeria

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Resource EXTRA

Regulations concerning equity investment

A majority holding interest in the capital of a local company is legal in Algeria.