This entity is 100% registered in the name of an individual (also called Establishment). This is generally restricted to UAE Nationals and other GCC Nationals (i.e. nationals of Saudi Arabia, Sultanate of Oman, Bahrain, Kuwait and Qatar). The sole proprietor has unlimited liability for his business.
Sometimes foreigners carry on the business under power of attorney from the UAE National. However, this is not a recommend legal structure since there is no security of ownership to the foreigner and also the UAE National owner has unlimited liability.
For further assistance, please feel free to reach us
Phone: +971 4 325-2103
E-mail: info@righttrackme.com
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