Incorporating a Limited Liability (Main Land Company)
This type of company is the most important for non-national partners. The law provides that the share capital of the limited liability company should not be less than Dhs. 150,000/- however, Dubai made the minimum share capital Dhs.300,000 (Dirhams Three Hundred Thousand only). The shares of such companies are not open for subscription by the public and are not negotiable. Non-national partners are permitted to hold shares not exceeding 49% of the capital. However, profits may be divided on other ratios agreed upon, taking into consideration efforts of non-national partners in management, provision of technology or expertise. The foreign partner may undertake management of the company.
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