Definition
Import restrictions are regulations and policies imposed by governments to limit or control the importation of certain goods into their territories. These restrictions may include tariffs, quotas, licensing requirements, product standards, and sanitary or phytosanitary measures aimed at protecting domestic industries, consumers, and the environment. Import restrictions can impact trade flows, supply chains, and business operations, requiring companies to comply with import regulations and navigate trade barriers effectively.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.