An Industrial concern could be set up as a general or limited partnership (UAE nationals), Limited Liability Companies (for all categories of investors) and Joint Ventures (when there are huge projects that single entities cannot undertake alone).
GENERAL PARTNER COMPANY
The organization consist two or more partners. All are responsible for the profit or loss. This kind of company only for the UAE nationals.
PARTNERSHIP IN COMMENDAMS
Again, the company base work for only UAE nationals. Partnership in Commendams consist two type of partners one and more joint partner who is responsible with all money for the company and another is –commendams one or more who shall not be liable for the liabilities of the company apart from to the value of his share in the capital.
LIMITED LIABILITY COMPANY LICENSES
Foreign investors are permitted to hold an equity ownership in U.A.E. companies as long as 51% of the equity is held at all times by U.A.E. nationals. The preferred company form for foreign investors is the Limited Liability Company ("LLC") due to, among other factors, its flexible management structure, and protection of minority shareholders. The L.L.C. requires a minimum of two and a maximum of 50 members and in all cases must have a minimum of 51% U.A.E. ownership. The minimum capitalization is Dh150,000. Management of the L.L.C. is vested in the "managers" (up to five natural persons).
A joint venture is nothing more than an economic cooperation or business combination of two or more people, companies or associations with a common economic goal. A sharing of risks and profits in a specific proportion coupled with a contribution of expertise and assets to the venture, whether those assets be human capital or monetary capital. The venture may be limited in time or may have no time limitation although most joint ventures are limited in scope - limited to the expertise of the joint venture partners. It is also quite common for a joint venture to have some form of time limitation such as a preliminary phase with a prescribed time limit within which the venture must accomplish minimum goals. If those targets are met, then the joint venture automatically proceeds to another phase or a permanent phase subject to early termination under certain defined circumstances.
As a large industrial concern looking at starting business in Dubai your main line of activity could include
- Manufacture or processing of goods and services
- Management of waste
- Other activities that make Dubai a cleaner and greener place –recycling and treatment of plants and generation of alternate fuel
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