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Types of Commercial Companies in the UAE - Abu Dhabi |
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TYPE |
Incorporation Formalities & National Shares |
Number of Partners |
Trade Name Terms of Selection
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Company Characteristic And Partners Responsibilities
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Capital |
Licenced Activities
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Management
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General Partnership
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- All partners should be UAE Nationals - Agreement written in Arabic, duly authenticated and registered. |
(2) at least
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Formed of partners(s) name(s) OR trade name innovated for the purpose
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Based on confidence & familiarity among all partners who will have the capacity of merchants. Partners are jointly liable in all their assets for the company's obligation
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Unfixed
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Any legitimate activity, with consideration to uni purpose and specialization
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As per agreement among partners or with others
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Simple Limited Partnership
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- 51% minimum national(s) share. - All general partners should be UAE Nationals - Agreement written in Arabic, duly authenticated and registered.
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(2) at least
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Any trade name, provided that no Silent Partner's name is included
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National Generator Partner is liable in all his assets for the company's obligation and Silent Partner liable only up to his share in the capital
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Unfixed
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Any legitimate activity, with consideration to uni purpose and specialization. |
By National General Partner(s)
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Public Joint Stock
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- Letter of incorporation & Articles of Association in accordance with the form issued by the ministry of Economy and Commerce duly authenticated and registered. - 51% minimum national share(s)
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(10) at least
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Derived from its purpose, but should not be that of natural person and in accordance with the company Law provisions |
- Partners only liable up to his share in the capital -Stocks are negotiable
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Dhs (10) millions minimum, divided into shares with a value varying between (Dhs1 - 1000) |
Any legitimate activity, with consideration to uni purpose and specialization.
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By a board of directors in accordance with the provisions of the company Law. |
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Limited Liability Company |
- 51% minimum national(s) share. - Agreement written in Arabic, duly authenticated and registered. |
(2-50) at least
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Derived from its purpose, OR, from the name of a partner or a an innovated name.
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All partners are liable for the company obligations up to , and within the limit of their capital.
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Dhs (150) thousands minimum, each share should be (Dhs. 100) at least. |
Any legitimate activity, except those of Insurance. Banking and Financial investment in favour of others
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As per agreement among partners or with others
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Private Joint Stock |
- Agreement written in Arabic, duly authenticated and registered. - 51% minimum national(s) share. |
(3) at least
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Derived from its purpose.
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Partners only liable up to their shares in the capital
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Dhs (2) millions minimum |
Any legitimate activity, with consideration to uni purpose and specialization.
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By a board of directors. |
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Partnership Limited with shares
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- Agreement written in Arabic, duly authenticated and registered. - 51% minimum national share in the capital |
(2) at least
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General partner(s) name(s) OR an innovated trade name. |
National Generator Partner is liable in all his assets and a share holder liable only up to, and within the limits of his share in the capital
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Dhs (500) thousands minimum.
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Any legitimate activity, with consideration to uni purpose and specialization.
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By one or more partner
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Joint participation (venture)
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-51% minimum national(s) share. - Incorporated among partners without being declared towards others - Agreement written in Arabic, duly authenticated and registered. |
(2) at least
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General partner(s) name(s) OR an innovated trade name. |
Undeclared towards others, If it so happens, then it will be diverted into a General Partnership towards others.
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Unfixed
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Any legitimate activity, with consideration to uni purpose and specialization.
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