Private Shareholding Company

A Private Shareholding Company in UAE is incorporated by a number of persons not less than three. Unlike a public shareholding company, a private shareholding company cannot invite the public to subscribe to its shares.

It is a company incorporated by a number of persons not less than three.Such a company setup in UAE cannot invite the public to subscribe to its shares, the founding shareholders subscribe in full to the paid-up capital which should not be less than one million dirhams. A private shareholding company must have a minimum of three shareholders. The minimum capital of a private shareholding company is DH 2 million. Shares may not be offered to the public. The private shareholding company’s incorporation documents must preclude the public offering of shares.

Except for the foregoing, all the provisions which apply to the public shareholding companies shall apply to the private shareholding companies, and the incorporation of the company shall be in accordance with the procedure and conditions followed in respect thereof except for the public subscription in the company’s shares.

Private Shareholding Company in UAE is incorporated by minimum three members. Private Shareholding Company in UAE not allow public for share subscribing. Private Shareholding Company in UAE Procedure is available at Flying Colour Consultancy Services.