What are the types of companies in the United Arab Emirates?
There are many different types of companies in the United Arab Emirates. The most common among these are:
1. Limited Liability Company (LLC): LLC is the most common type of company and can be established by domestic or foreign investors. It requires a minimum of two and a maximum of 50 partners, and each partner's liability is limited.
2. Free Zone Company: There are various free zones in the United Arab Emirates and companies operating in these zones are called free zone companies. Companies in free zones can have full foreign capital and offer many advantages.
3. Public Joint Stock Company (PJSC): PJSC is a type of publicly traded company and requires a minimum of five founding partners. These companies can issue shares to the public and are required to be publicly traded.
4. Private Joint Stock Company (PrJSC): PrJSC is a type of company that is not publicly traded and requires a minimum of five founding partners. These companies' stocks are not publicly traded and generally have a more limited investor base.
5. Branch Office: Foreign companies can open a branch in the United Arab Emirates. The branch operates as an extension of the parent company and shares the responsibility of the parent company. These are just some types of companies available in the United Arab Emirates, and each may offer different benefits and requirements. It is important to contact local authorities for more information regarding company formation.
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