Partnership-en-Commendam

Partnership-en-Commendam

A partnership-en-commendam in Dubai refers to a partnership consisting of:

  • 1 or more joint general partners who bear unlimited liability, i.e., are responsible for the company’s profits, losses, debts and obligations, and
  • 1 or more limited partners (or partners en-commendam), who only purvey capital but are not responsible for the liabilities of the firm except to the value of their respective share in the capital

According to corporate law, all joint partners in a partnership-en-commendam are required to be nationals of the UAE due to partners involved in financial commitments in a limited partnership. The partners are together and severally answerable for all of the company’s money owed. In addition, A limited partner may not participate in the management or have one’s name appear in the name of the partnership.

Setting up a business in Dubai envisages huge profit potential, tax exemptions, world-class infrastructure and modern amenities. Commitbiz helps global entrepreneurs, businessmen and corporates in setting up their company in Dubai. Our team is well equipped to help you manage company formation procedures and formalities. Our experts take care of the banking, visa, legal, and licensing formalities, to let corporates carry on smoothly with the fruition of their strategic vision and business objectives. Should you decide to open a business in Dubai, don’t hesitate to contact us, even if it’s just for a friendly advice.