1. The Company is a contract whereby two or more persons undertake to participate in an economic project that aims to achieve profit by contributing a share of money or work, and to divide among themselves the profits or losses arising from such project. 2. The economic project referred to in Clause (1) of this Article shall include every commercial, financial, industrial, agricultural, or real estate activity or any other form of economic activity. 3. Notwithstanding Clause (1) of this Article, any of the following may be permissible: a. The incorporation or ownership of a company by a single person in accordance with the provisions of this Decree by Law. b. The incorporation of a non-profit company whose net profits derived from its economic project shall be reinvested to achieve the purposes for which it was established, without distributing such profits to its partners or shareholders, provided that a Cabinet Resolution shall be issued specifying the purposes and regulating the provisions related to such companies and their forms, upon the proposal of the Minister in coordination with the Authority and the Competent Authority. The Cabinet may, in this case, exempt the company from any of the provisions of this Decree by Law.
Interpretation and application must be checked against the official text and current version.