Company formation in Dubai

The simplest business structure is a sole trader structure, owned and operated by an individual who controls the company. The owner has complete control over the business and takes all the profits but also faces legal responsibility for debts and other liabilities, including using their own money.

An LLC or a Limited Liability Company gives you all the benefits of corporate structure and partnership freedom all in one. Members of incorporated cooperative businesses have limited liability to business losses and debts that shield their assets. In contrast, the business structures/modes and ways of distributing profits can be adjusted to suit the members’ needs.

A Private Shareholding Company or a private limited company has restrictions regarding the share transfer and the number of shareholders. This structure offers restricted liability veils to the owners; therefore, it suits small to medium business entities that wish to shield personal property.

Public limited company, also called a Public Shareholding Company, sells its shares in the stock market. This structure provides a legal requirement for regulation and has a limited exposure of shareholders’ liability ensuring that the company gets many investors.

A partnership company is an association formed between two or more persons whereby capital, profits, and losses are shared between the partners. Boy and girl partners share both capital and management responsibilities but are individually responsible for the business’s obligations; hence, proper agreements are necessary to address the role of responsibilities and commitments.

A Branch of a Foreign Company is another company’s employment of a legal entity in a foreign nation. It complies with laws regulating the region and, depending on the parent company’s well-established name and resources, undertakes the business under its name.