Decisions

Grievances

Grievance regarding a violation concerning the ultimate beneficial owner
 

Guidelines

Guideline for Sharjah Department of Economic Development Customers
 

Guidance Manual for Designated Non-Financial Businesses and Professions (DNFBPs)
 

Legal Forms under Federal Decree-Law No. (32) of 2021 on Commercial Companies, as Amended

A company must adopt one of the following legal forms:

1. General Partnership Company.
2. Limited Partnership Company.
3. Limited Liability Company.
4. Public Joint Stock Company.
5. Private Joint Stock Company.

General Partnership Company: A company consisting of two or more natural persons who are personally and jointly liable, with all their assets, for the obligations of the company.

Limited Partnership Company: A company consisting of one or more general partners who are personally and jointly liable for the obligations of the company and acquire the status of merchants, and one or more limited partners who are liable for the obligations of the company only to the extent of their shares in its capital and do not acquire the status of merchants.

Limited Liability Company: A company with no fewer than two and no more than fifty partners, each of whom is liable only to the extent of their share in the capital. A single natural or legal person may establish and own a limited liability company. The owner of its capital is liable for its obligations only up to the amount of capital specified in its Memorandum of Association. The provisions governing limited liability companies under the Decree-Law shall apply.

Public Joint Stock Company: A company whose capital is divided into shares of equal value that are tradable. The founders subscribe to a portion of these shares, while the remaining shares are offered to the public through a public subscription. Each shareholder is liable only to the extent of their share in the capital.

Private Joint Stock Company: A company with at least two shareholders, whose capital is divided into shares of equal nominal value, fully paid up without any of them being offered for public subscription. It is established by signing a Memorandum of Association and complying with the provisions of the Commercial Companies Decree-Law concerning registration and incorporation. Each shareholder is liable only to the extent of the shares they own in the company.

There is also another legal form under the Commercial Transactions Law:

Sole Proprietorship: An establishment owned by one person for the purpose of carrying out an economic activity. The owner bears all its obligations, and the establishment’s financial liability is the same as that of its owner.

There is also another legal form under the Civil Transactions Law:

Civil Works Company: A contract under which two or more persons undertake to perform work and guarantee it to third parties.