With this type of company, one can own full 100% of the company. However, the liability is unlimited (private liability). Depending on the number of partners, it is a “Sole Establishment” (one partner) or a “Civil Company” (several partners). Here a so-called Local Service Agent (LSA) is required, who must be an Emirati and receives an annually agreed fixed sum. Just like the local partner in the LLC, however, this agent has no other interests or rights regarding the administration, management or the company capital. Here, too, our long-standing and reliable LSA partners can help. A company cannot be an owner or partner in the Civil Company (no corporate shareholders). Here, the shareholders also have the right to obtain a residence permit, the “Residence Visa”, for themselves and their families.
Through our local network in the United Arabian Emirates you can take advantage of first-class contacts and conditions.