Corporate · Legal glossary
Limited liability companyIn Arabic: الشركة ذات المسؤولية المحدودة
Partners' resolution templateDefinition
A company in which each partner is liable only up to the amount of their share in the capital, and whose shares are not offered for public subscription. Some GCC states allow it to be formed by a single person, and several states have changed its foreign-ownership rules.
How it varies across the GCC
Foreign-ownership rules have changed in several states.
The rules that apply to a specific matter depend on the state, any free zone involved and the current text of the law, so check the official source before relying on them.