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.
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