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How to Setup a General Partnership in UAE

Establishment of a General partnership in uae
cancel company license expired for more than 2 years

A general partnership can be considered as an arrangement between two or more partners whereby each of the partners is jointly and severally liable to the extent of all their assets for the company’s liabilities.

What is a General Partnership?

A general partnership in UAE has the following features:

  • General partnerships are formed by two or more UAE nationals who are jointly and separately liable for its debts.  
  • Only UAE nationals are allowed to be partners in a general partnership.  
  • The name of the business must contain the name of one or more of the partners, with the addition of a word signifying that it is the name of a business. If a non-partner is named in the business name, with his or her knowledge, that individual is jointly responsible for the business’s debts.  
  • All partners shall be considered dealers, and the bankruptcy of any partner leads to the bankruptcy of all partners.  
  • The company shares may not be represented in negotiable certificates.  
  • Partners are severally responsible for all their money for the company’s obligations and any agreement to the contrary might not be made against third parties.  
  • The company administration is undertaken by all partners unless the company contract or an independent contract assigns the administration to a partner party.  
  • The company may practice all industrial, commercial, and professional businesses. 
What are the documents required for setting up a general partnership?

The following documents are required to setup a general partnership in UAE:

  • A general partnership contract duly authenticated by the notary public.
  • Other required documents
Business setup in UAE

A & A Associate supervises the entire process of company formation in UAE by liaising with clients to set up their business in various locations in Dubai, Sharjah, Abu Dhabi, Ras Al Khaimah and more. We handle the complete business setup process, strategic recommendations, negotiations with local stakeholders, documentation formalities – the entire assistance towards business floatation.

A&A Associate L.L.C UAE

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Get expert assistance for the below services.

Complete range of Services offered under one roof  A & A Associate [ Business Setup – Liquidation]

  • Accounting Service
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  • Financial & Management Advisory
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To know more about Business Registration & Licensing & get Instant Quote, Please get in touch with sales@aaconsultancy.ae or +971 4 2690673

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