Private & Public Shareholding Company in UAE
Firms like banking, insurance, or financial
Firms like banking, insurance, or financial activities should be run as public shareholding companies as per legislation. In the name of private shareholding foreign firms involved in financial activities can establish branch or representative office. The chairman and majority of directors must be UAE nationals and there is less flexibility of profit distribution than is permissible in the case of limited liability companies.
Shareholding companies are suitable primarily for large projects or operations.