This type of company is applicable to UAE nationals only. Here, the business is constituted of one or more joint general partners who are responsible for all its profits, losses and debts incurred, and one or more limited partners or partner en-commendam, who only contribute capital but do not share all the risks or liabilities of the company.
People with modest capital and lower risk appetite who would like to benefit from a business venture are ideally suited to be such limited partners.
General note: There may be slight variations in the Terms & Conditions for setting up the company in Dubai, as against rest of UAE. Please consult CSU for more details.