I. Dubai Joint Stock Public Company
1. The number of founders of the company shall not be less than 10 persons, and the shares subscribed by 10 persons shall not be less than 20% of the company's capital and shall not be more than 45% of the company's capital;
2. The deed of creation and the general outline of the company shall be in accordance with the provisions of the form issued by Ministerial (meaning UAE Ministry of Economy and Trade) Decree No. 64 of 1989;
3. Estimates of the expenses, salaries and costs that must be paid for the establishment of the company; guarantees made by the founders for the fulfillment of the procedures for the establishment of the company, etc;
4. The founders need to choose 3-5 people to form a committee to take charge of the relevant aspects of the creation process;
ii. dubai closed joint stock company
1. It shall be composed of at least three persons, who shall have subscribed the entire capital of the company;
2. The registered capital shall not be less than two million dirhams, approximately 548,000 $, and a closed joint-stock company may be converted into a public joint-stock company when it meets the requirements set forth in article 217 of the Companies Act;
3. Shares are not listed;
4. Everything applies to a closed joint stock company except the provisions relating to the public subscription of shares.
III. Dubai Liability Company Limited
1. A company consisting of 2-50 partners, where the partners are liable in accordance with their proportionate share of the company's shares.
2. A partner's share shall not be a negotiable instrument.
3. The registered capital of the company cannot be less than 150,000 dirhams, about 41,000 $;
4. The capital of the company shall consist of shares of equal value, each of which shall be worth not less than one thousand dirhams; approximately 274$;
5. Shares in the capital of the company are indivisible;
6. The name of the company should be in line with the purpose of the company's business or be taken from the names of the partners, with the addition of the words "limited liability" and the amount of capital;
7. A limited liability company may conduct any lawful business other than insurance, banking and other businesses;
8. A limited liability company cannot use subscriptions for shares to raise or increase capital or make loans to the company, nor can it issue negotiable shares and securities;
9. 51% of the company's shares need to be held by UAE nationals.
IV. Dubai Joint Stock Partnership Ltd.
1. This type of company consists of two parts: the partners, who are collectively liable to the company in terms of the amount of their capital contribution; and the shareholders, who are liable according to the shares they hold;
2. All partners of the company must be UAE citizens, and the percentage of investment in the company's capital must not be less than 51%;
3. The capital of the company shall not be less than 500,000 dirhams, approximately 137,000 $;
5. The name of the company shall consist of the names of one or more partners, and the words "joint-stock partnership" must be included in the name;
6. The firm shall be managed by one or more partners, and the names and powers of the managers shall be stated in the deed of creation;
7. Participants may only take part in the internal management of the company within the scope of the company's articles of association.
V. Dubai Corporation Limited
1. In Dubai, the "Limited Liability Company" type of registration is the most acceptable to expatriate investors.
2. Although the foreigner's investment ratio in the company is capped at 49%, the percentage of profit distribution can be discussed separately.
3. According to article 260 of the Companies Act, all the provisions for joint-stock companies apply to limited partnerships.