A private shareholding company in Dubai refers to a business corporation having he following characteristics:
- It is owned by a non-governmental organization
- Its stocks are held by a relatively fewer number of people who are not allowed to trade the stock publicly
Unlike a public shareholding company, a private shareholding company cannot invite the public for subscribing in its shares. It can be incorporated by a minimum of 3 people. The minimum capital required to incorporate a private shareholding company in Dubai is AED 2 million.
Apart from the above stated stipulations, all the terms of a public shareholding company apply to a private shareholding company as well. To form it, one needs to arrange for the preparation of a founders’ agreement, a prospectus or invitation for public subscription supported by an overall business plan or feasibility study and an auditor’s certificate, a due diligence survey, a memorandum and articles of association.
Dubai offers sundry opportunities and a lucrative market for setting up your company. Commitbiz helps businessmen, entrepreneurs and investors in establishing their company in Dubai through registration, accounting, bookkeeping, and intellectual property (IP) protection services. Our experts handle the banking, visa, legal, and licensing formalities, and allow you to focus on your company vision and objectives. If you are wondering how to start a business in Dubai, do reach out to us. We’ll be happy to assist.