Vision 2030 Jan. 2011 | Page 34

TYPES OF COMMERCIAL COMPANIES IN THE UAE - ABU DHABI Incorporation ForNumber Trade Name TYPE malities & National of Terms share % Partners of Selection General Partnership Simple Limited Partnership Public Joint Stock Limited Liability Company Private Joint Stock Partnership Limited with shares Joint Participation (Venture) 32 All partners should be UAE nationals. Agreement written in Arabic duly authenticated and registered. 51% minimum national share. All general partners should be UAE nationals. Agreement written in Arabic duly authenticated and registered. Letter of Incorporation & Articles of Association in accordance with the form issued by the Ministry of Economy duly authenticated and registered. 51% minimum national share. 51% minimum national share agreement written in arabic duly authenticaed and registered. Agreement written in Arabic, duly authenticated and registered. 51% minimum national share(s) Agreement written in Arabic, duly authenticated and registered. 51% minimum national share in capital. 51% minimum national share incorporated among partners without being declared towards others. Agreement written in Arabic may be authenticated but unregistered. Formed of partner(s) name(s) (2) at least OR a trade name innovated for the purpose Any trade name, providing that no (2) at least Silent Partner’s name is included. Company Characteristics And Partners Responsibilities Based on confidence & familiarity among all partners who will have the capacity of merchants. Partners are jointly liable in all his assets for the company’s obligations. National general partner liable in all his assets for the company’s obligations and silent partner liable only up to his share in the capital. (10) at least ??FW&?fVBg&???G2W'?6R?'W@?6??V?B??B&RF?B'F?W"?2????&?RW??b?GW&?W'6??F???26?&R??F?R6?F????B??66?&F?6R7F?6?2&R?Vv?F?&?R??v?F?F?R6????r&?f?6???2??"?S??'F?W'0??FW&?fVBg&???G0?W'?6R?"g&??F?R??R?`?'F?W"?"????fFVB??R???'F?W'2&R????&?P?f?"F?R6?????&?vF???0?WF??Bv?F???F?R??B?`?F?V?"6?&W2??F?R6?F???2?B?V7@??FW&?fVBg&???G0?W'?6P??'F?W'2&R????&?RWF??F?V?"6?&W2??F?R6?F??vV?W&?'F?W.( ?0???R?2??"?"?B?V7@?????fFVBG&FP???R??F????vV?W&?'F?W ??&?R??????276WG2?B?6?&V???FW"?&?R???WF???Bv?F???F?R??G2?b??0?6?&R??F?R6?F??V?FV6?&VBF?v&G2?F?W'2??vV?W&?'F?W.( ?0??b?B6??V?2?F?V??Bv?????"?B?V7B??R?"?????&RF?fW'FVB??F?vV?W&??fFVBG&FR??P?'F?W'6??F?v&G2?F?W'2?