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Types of Commercial Companies in UAE - Abu Dhabi
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Types of Commercial Companies in UAE - Abu Dhabi
 
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Types of Commercial Companies in the UAE - Abu Dhabi


TYPE

Incorporation Formalities
& National Shares

Number of
Partners

Trade Name Terms
of Selection

 

Company Characteristic And
Partners Responsibilities

 

Capital

Licenced Activities

 

Management

 

General
Partnership

 

- All partners should be UAE Nationals
- Agreement written in Arabic, duly authenticated and registered.

(2)
at least

 

Formed of partners(s) name(s) OR trade name innovated for the purpose

 

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

 

Unfixed

 

Any legitimate activity, with consideration to uni purpose and specialization

 

As per agreement among partners or with others

 

Simple Limited
Partnership

 

- 51% minimum national(s) share.
- All general partners should be UAE Nationals
- Agreement written in Arabic, duly authenticated and registered.

 

(2)
at least

 

Any trade name, provided that no Silent Partner's name is included

 

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

 

Unfixed

 

Any legitimate activity, with consideration to uni purpose and specialization. By National General Partner(s)

 

Public Joint
Stock

 

- 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)

 

(10)
at least

 

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

 

Dhs (10) millions minimum, divided into shares with a value varying between (Dhs1 - 1000)

Any legitimate activity, with consideration to uni purpose and specialization.

 

By a board of directors in accordance with the provisions of the company Law.

Limited Liability
Company

- 51% minimum national(s) share.
- Agreement written in Arabic, duly authenticated and registered.

(2-50)
at least

 

Derived from its purpose, OR, from the name of a partner or a an innovated name.

 

All partners are liable for the company obligations up to , and within the limit of their capital.

 

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

 

As per agreement among partners or with others

 

Private Joint
Stock

- Agreement written in Arabic, duly authenticated and registered.
- 51% minimum national(s) share.

(3)
at least

 

Derived from its purpose.

 

Partners only liable up to their shares in the capital

 

Dhs (2) millions minimum

Any legitimate activity, with consideration to uni purpose and specialization.

 

By a board of directors.

Partnership Limited
with shares

 

- Agreement written in Arabic, duly authenticated and registered.
- 51% minimum national share in the capital

(2)
at least

 

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

 

Dhs (500) thousands minimum.

 

Any legitimate activity, with consideration to uni purpose and specialization.

 

By one or more partner

 

Joint participation
(venture)

 

-51% minimum national(s) share.
- Incorporated among partners without being declared towards others
- Agreement written in Arabic, duly authenticated and registered.

(2)
at least

 

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.

 

Unfixed

 

Any legitimate activity, with consideration to uni purpose and specialization.

 


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