One-person company
Commercial companies are divided into companies that are based on personal considerations, which are people’s companies, and other companies that are based on financial considerations, which are money companies.
A single-person company is not a new form of company according to the legislation of the United Arab Emirates
The UAE legislator, through Cabinet Resolution No. 66 of 2022, regulated the provisions for establishing and managing a one-person company, as the law did not allow the establishment of this company unless it took the form of a private joint-stock company or a limited liability company.
One-person limited liability company
A limited liability company. The owner of the capital does not hold the company accountable for its obligations except to the extent of the capital stated in its articles of incorporation.
One natural or legal person may also establish a one-person company with special liability to become a one-person limited liability company
One-person company, private joint stock company
A legal person may establish and own all the shares in a private joint stock company. The owner of the capital of the company specified in the articles of association must follow the direct name of the company.
Private Shareholding - One-Person Company
The method of establishing a one-person company differs due to its form of a private joint-stock company and a limited liability company. The UAE legislator has specified, in Resolution No. 66 issued by the Council of Ministers for the year 2022, all the procedures that must be taken to establish a one-person company.
ILS CONSULTANCY advisory and legal team specializes in the provisions and laws of commercial companies in the United Arab Emirates. We assist and support all investors outside or inside the Emirates to establish single-person companies and provide them with legal advice and guidance.
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