Various types of Business Structures in UAE
In UAE main land the business
structures are varies each other depends on Business activities and the Share
holders those involved in Business. Nationals of foreign countries may carry on
economic activities through any of the following structures
- An Individual Establishment can be established to practice any professional activity, by appointing a Local Services Agent who is a UAE national selected from among the partners or outside party.
- A Limited Liability Company can be established to carry on any commercial or industrial activity, including one or more UAE partners whose shareholding is 51% of the paid-up capital.
- A Private Shareholding Company can be established to carry on any commercial or industrial activity, including one or more UAE national partners whose shareholding is 51% of the paid-up capital.
- Civil Business Company can be established by two or more persons to practice a profession, provided that a Local Services Agent who is a UAE national is appointed or included as a partner.
The
main differences being the number of participating parties allowed within each
business venture’s structure, who may or may not be a local services agents or
who may be a partner respectively.
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