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The most common form approved by foreign companies is the limited liability company and set out under are certain of the key issues to be painstaking in relation to such entities. Company name the name of the company should be resulting from its objects or the name of one or more of its buddies although this is not mandatory. It is possible to gain the approval of the relevant authorities to a specific name prior to proceeding with an application for registration. Local shareholding The law runs that at least 51% of the total shareholding in a limited liability company must be thought by a UAE national (or a company wholly owned by UAE nationals). Minimum share capital the current minimum share capital obligatory for limited liability companies is Dhs. 300,000 if listed in Dubai or Dhs. 150,000 if registered in any other emirate. Share money must be fully paid up and put with a locally registered bank.

Contributions in kind are allowable under certain conditions. Profit and Loss The profits and victims of a limited liability company can be distributed between the shareholders in, subject as cited below, whatever proportions they approve in the Memorandum of Association The ratio does not essential to reflect the shareholding and indeed often changes in order to dilute the mandatory 51% UAE national shareholding. It is not however allowable for the parties to express a profit share in the Memorandum of Association which senses to entitle the local shareholder to less than 20% of the profits.

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