Telephone Numbers
Telephone Numbers
How to Set Up a Limited Company in Dubai?
For detailed information +90 542 381 3868 'Call.
Difference between a public and private joint stock company
A private joint stock company is one where the authority of its members to transfer their shares, if any, is restricted; the number of members is limited to 50 (excluding its employees); and the public is not invited to subscribe for any shares or debentures in the business.
A group of people who own one or more shares in a company is considered a single entity.
A public joint stock company is one where there are no restrictions on the rights of its members to transfer their shares, if any; there is no limit on the number of members; and it encourages the public to subscribe to any shares or debentures of the company.
Directors must obtain consent to act as a manager, sign a Memorandum of Association (MOA), or contract for their qualification shares.
Opening a private joint stock company in Dubai has specific legal requirements, including a minimum capital of AED 2 million. The shares must be distributed among at least three individuals and cannot be sold to the public.
Free zone and mainland regulations in Dubai permit 100% foreign ownership.
There are also certain restrictions on the types of activities a private joint stock company can engage in. Consequently, a private joint stock company can be used for commercial or industrial purposes. If you wish to do business professionally, you must choose a different type of company than a private joint stock company.
A public joint stock company in Dubai requires a minimum capital of AED 10 million and allows its members to trade their interests in the company. Each member's liability is limited to the value of their shares in the joint stock company.
Get Information on Company Formation in Dubai
If you haven't already, a trade name needs to be approved.
After that, you will need a preliminary approval, which is a certificate that allows you to apply for a company license.
Depending on the nature of your business activity, you may also need to obtain permission from other relevant authorities. For example—if you are working in the insurance industry, you may need to apply for permission from the Insurance Authority. If your company is in the healthcare field, you may need permission from the Ministry of Health.
You can apply for the business license online or in person at a Department of Economic Development (DED) customer service facility.
Required documents
As part of your business license application, you will need to provide the following documents:
How can World Company Setup help you?
When it comes to matters like business setup, people often get confused and drawn into chaos due to the array of rules and requirements. This is when people tend to seek an expert. Much of this chaos can be avoided if guidance is sought from the very beginning. Each venture may have unique requirements such as location, customer convenience, logistical feasibility, and banking services. The business setup consultants at World Company Setup strive to understand these unique principles and provide our clients with expert and reliable advice, with up-to-date knowledge of laws and regulatory guidelines, an awareness of their rights, and cost-effective business solutions tailored to their business needs and budget.
You can set up an anonymous company in Dubai by following a few simple steps. There are benefits and risks that must be carefully considered when setting up an anonymous company. It is recommended that you seek professional assistance when planning to register a company in Dubai, UAE.
+90 542 381 3868
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