The Only Business Setup in UAE Guide You Need to Read

By | December 7, 2021

This type of company is owned by at least one shareholder and has at least one director who is appointed by the shareholders. The company is registered with the Commercial Register and has its own legal identity. The shareholders are not liable for the debts of the company, except for any unpaid share capital. The shareholders may be held liable if they have acted negligently or fraudulently.

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