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 – September 2019

  • Saudi Arabia and Bahrain lead FDI inflow in Gulf region
  • DMCC partners with DED to introduce dual licensing scheme
  • DIFC introduces new Employment Law
  • RAKEZ Business Women Package – Inspiring female entrepreneurship
  • UAE relaxes foreign ownership restrictions and introduces substance requirements
  • UAE ratifies the Multilateral BEPS Convention

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