Law No. 4/2004, Commercial Companies (Timor-Leste)
The Law requires that a company whose purpose is for a commercial enterprise to be formed through a general partnership, limited partnership, limited liability company or joint stock company. It provides the requirements, process, and procedure for the formation and operation of these commercial enterprises.
The Law also defines the commercial enterprises' powers, functions, as well as its rights and obligations along with the partners, shareholders, and board of directors of the company.