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Commercial Companies
Private Shareholding Company
Private Shareholding Company Services in Abu Dhabi
A Private Shareholding Company is one of the forms of business entities in the United Arab Emirates. This company is a common and widespread choice for commercial enterprises, where a group of shareholders collaborates by contributing capital to achieve common business objectives.
Features of a Private Shareholding Company
Divided Capital
The company’s registered capital is divided into tradable shares among the shareholders according to their financial contributions.
Limited Liability
Shareholders are not personally liable for the company’s debts, and their liability is limited to the value of their shares in the capital.
Transparency and Partnership
The company’s system allows multiple shareholders to participate jointly in decision-making and management.
Expandability
A Private Shareholding Company can attract more shareholders and increase its capital according to growth and expansion requirements.
Legal Independence
The Private Shareholding Company is considered a separate legal entity from its shareholders, preserving their rights and ownership of shares.
At Abeer Al-Dahmani Advocates & Legal Consultancy, we provide the necessary legal and advisory support for establishing and managing Private Shareholding Companies. We assist our clients in understanding the requirements for setting up this type of company and complying with the relevant laws and regulations in the UAE.
Additionally, we offer legal counsel to shareholders regarding their rights and duties within the framework of the company, aiming to achieve success and stability in their business activities.
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FAQ
Private Shareholding Company Services Frequently Asked Questions
What is a Private Shareholding Company and what is its nature?
A Private Shareholding Company is a type of commercial entity where business operations are funded by collecting capital from specific shareholders. The contribution is usually in the form of shares, and profits and losses are distributed among shareholders according to their ownership stakes in the company.
Can a Private Shareholding Company be fully owned by one person?
Yes, a Private Shareholding Company can be fully owned by one person, in which case, they would be the sole shareholder of the company.
What is the minimum required capital for establishing a Private Shareholding Company?
The minimum required capital for establishing a Private Shareholding Company varies from one country to another and depends on local laws. Typically, there is a minimum capital requirement to start the company’s operations.
Are the shareholders of a Private Shareholding Company personally liable for debts?
Generally, the shareholders of a Private Shareholding Company are not personally liable for the company’s debts, and their liability is limited to the value of their contributions to the capital.
What are the legal procedures required to establish a Private Shareholding Company?
The legal procedures for establishing a Private Shareholding Company vary based on the country and local laws. In general, the required documents must be submitted to the relevant government authorities, and the necessary fees must be paid for registration and obtaining the required licenses.
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