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Ras Al Khaimah: Types of Company

Public and Private Shareholding companies

Professional partnerships may be formed between two or more individuals carrying out non-commercial or professional/artisan activities. An individual can also conduct such activities through a professional licence issued in his or her own name. These types of businesses may be 100% foreign-owned but are generally required to appoint a UAE national agent similar to those required by branch and representative offices. Individuals conducting business under a professional partnership or a sole professional proprietorship are liable to the full extent of their assets for the liabilities of the business. Examples of professional partnerships or sole professional proprietorships include those rendering legal advice, auditing and accounting services, civil engineering, architectural consultancies and services, managerial and economic consultancy, educational services, medical services, technical and other similar services.

 

 

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