What Does Ownership Mean?
Legal forms of a business define the stakeholder roles necessary for the licence. There are five roles that are available for you to define based on the legal form. Learn More About Legal Forms
Certain activities Can be practiced by UAE nationals only and may also have implications on the ownership of your business.
|An owner is a natural person or corporate entity who owns 100% shares in the Establishment's capital and profits.
|A manager is a natural person, authorised by the Company's partners or the Establishment's owner to administer and manage the operations of the business.
|A local agent is a UAE national who represents the Establishment on behalf of the government authorities. Local agent does not have ownership in the Establishment.
|A representative is a natural person who is authorised by the Company's partners to sign documents (such as legal contracts and financial documents) on their behalf, as well as represent the Company for any legal proceedings on the partners behalf.
|A partner is a natural person or corporate entity who owns a share in the Company’s capital and profits.