UAE Company Setup
Establishing Public Shareholding Companies - UAE
The law stipulates that companies engaging in banking, insurance, or financial activities should be run as public shareholding companies. Foreign banks, insurance and financial companies, however, can establish a presence in Dubai by opening a branch or representative office.
Shareholding companies are suitable primarily for large projects or operations, since the minimum capital required is AED 10 million (USD 2.725 million) for a public company, AED 40 million for banks and AED 25 million for insurance and investment companies, and AED 2 million (USD 0.545 million) for a private shareholding company. The chairman and a majority of directors must be UAE nationals and there is less flexibility of profit distribution than is permissible in the case of limited liability companies.
A minimum of 25% of the shares of a Public Shareholding Company must be offered to the general public.
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