Simple Joint Stock Companies as a New Mechanism to Enhance the Role of Emerging Institutions in Algeria

With the aim of enhancing support for startups, the Algerian legal environment has developed a new formula that allows startups to be managed smoothly and with greater flexibility, represented by simple joint-stock companies, which are a new legal category of companies, applied in a number of countries around the world that has proven effective in giving new impetus to startups and arranging sources of financing. The capital of this company is divided into shares and it consists of partners who do not bear losses except to the extent of the shares they provided. A simple joint stock company can be established by one person or several natural or legal persons. If it includes only one person, it is called a “joint stock company.” “One person” and this company is established exclusively by start-up companies, and the latter is characterized by not requiring a minimum amount of partners or capital, and in specifying the methods of its organization and operation in its basic law.