Defining Companies

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Joint Liability Company

• To be constituted from two partners and more.
• All partners shall be from the national of the United Arab Emirates.
• The Partners shall be liable in their own funds and properties in regard to the company’s liabilities and no agreement shall be applied otherwise.
• The bankruptcy of the company shall lead to the bankruptcy of all the partners.

Simple commanding Companies

• the company may be constituted from two partners or more.
• Partners are in two categories.
• Joint Liability Company category forms form nationals who shall be jointly liable in all their funds and properties for the Company’s liability.
• Category of one partner or partners in partnership companies shall only be liable within the limit of their shares in the capital.
• All partners in the partnership companies shall be nationals from the United Arab Emirates and their share in the company’s capital shall not be less than 51%.

Limited Liability Company

• The capital of this Company shall not be less than Dhs 150.000- divided into equal negotiable shares and any amount of the same shall not be less than Dirhams One Thousand.
• The partners shall not be less than two, nor exceed fifty partners.
• The partners shall not be liable for the company’s liability other than in proportion to their shares in the capital.
• The UAE nationals share not be less than 51% of the total shares.

Services Agent

• The national should be belong to Emirates of Ajman (holding a Passport issued through the Emirate of Ajman ).
• The owner of license (non-national ) shall be liable to meet all liabilities pertaining the establishment towards the others.
• The national shall not meet any liabilities arising in the name of the establishment or due to the conduct of the owner of the license.
• For commercial license the license shall be one person while for the professional licenses he may share with other person (s) as works Company. This system includes many activities