Public Shareholding Company in the United Arab Emirates
Businesses can be founded in one of the UAE’s free zones. The UAE is not obligated to join in a free zone that is entirely owned by foreigners.
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Public Shareholding Company registration conditions
A Public Shareholding Company must have at least 10 shareholders and a management board of three to fifteen directors to be formed. The management board’s tenure of office cannot exceed three years, and the major shareholders or founding members are entitled to 35 percent of the share capital, with the public having access to the remaining 75%.
Timeline
It takes a week to three weeks for the registration to be complete.
Fees
Just like the private shareholding company, it costs about 3,950 USD.
Compulsory regulation
A Public Shareholding Company must have at least 10 shareholders and a management board of three to fifteen directors to be formed. The management board’s tenure of office cannot exceed three years, and the major shareholders or founding members are entitled to 35 percent of the share capital, the remaining 75% is open to the public. The law also requires that the Chairman of the PJSC and most of the management board be Emirati and that UAE nationals own 51 percent of the shares.
In Dubai, a public shareholding corporation must have a minimum capital of AED 10 million to be formed.
Documents
Required documents:
- Founder’s Agreement with Application for Registration and Licensing
- Approval of a Business Activity by the Government
- Invitation to Public Subscription Prospectus
- The UAE Securities and Commodities Authority has approved the purchase of public shares.
- Certificate of Auditors
- Public Shareholding Resolution from the Ministry of Economy
- Survey of Due Diligence
- 2 copies of the Feasibility Study for the Project
- Four copies of the Memorandum and Articles of Association have been authenticated by a notary public.
Our experts will assist you with the paperwork.
Consultation about Public Shareholding Company registration
Our consultation services for registering a Public Shareholding Company in UAE are intended to assist you in every stage of setting up your business. Our experienced advisors will help you with all the necessary paperwork, permits, and registrations to ensure a seamless and productive process. We offer tailored advice on the legal aspects, share capital, and corporate structure to help you make informed decisions that are in line with your business objectives.
Ownership management
Managing the ownership of a Public Shareholding Company is both complex and essential. Our services encompass dealing with changes in ownership, overseeing beneficial owners, and managing ownership transfers. We guarantee that all ownership changes are accurately recorded and adhere to the most recent regulations.
Corporate structure changes
As your business grows, your corporate structure may also need to evolve. We offer a range of services to assist with any necessary changes, such as updating director information or making structural adjustments, ensuring a smooth and efficient process.
Share capital management
Proper management of share capital is essential for the financial well-being of your company. We provide services to support you in enhancing, decreasing, selling, and transferring share capital, guaranteeing that all operations are executed accurately and in compliance with legal regulations.
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