Partnership

A partnership is a business firm formed by two to 20 partners. Once there are more than 20 partners, the partnership must be registered as a company under the Companies Act, Chapter 50. A partnership is not a separate legal entity and therefore partners have unlimited liability. Partners can be personally liable for a partnership’s debts and losses incurred by other partners.

Interested in Partnership?

Middle East Focus – May 2019

  • FDI surge in Dubai driven by high-tech and innovative businesses
  • Abu Dhabi permits foreigners to own freehold properties in investment areas
  • UAE/Saudi Arabia double tax treaty comes into force

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Sovereign Trust (Gibraltar) Limited
Tel: +350 200 76173