November 28, 2013

Shareholding Company

Shareholding Company

Shareholding Company Formation in Dubai, Sharjah, Abu Dhabi, Ras Al Khaimah, Fujairah, Ajman, UAE

Shareholding companies are suitable primarily for large projects or operations, since the minimum capital required is AED 10 million for a public shareholding company, and AED 2 million for a private shareholding company. Public Shareholding Company is a company with a capital divided into equal shares. In such companies a shareholder’s liability is limited to the number of shares held by him.

Silent Features of Shareholding Company

  • The Chairman and the Directors in a public shareholding company must be UAE nationals. 
  • In addition UAE nationals should hold at least 51% of the shares.
  • A PJSC must have at least 10 founder members and its management should be vested in a board of directors consisting of a minimum of three to a maximum of fifteen persons whose term of office may not exceed three years. 
  • Less flexibility of profit distribution than is permissible in the case of limited liability companies.

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203 Al Safa Tower(Mostafawi Carpet Building) Khalid Bin Walid Street, Bur Dubai, Dubai, UAE, United Arab Emirates
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