Private Shareholding Companies are very similar in the way they function, to Public Shareholding Companies except that here, the shares are not open to the public for subscribing. Three of more founders, who must be UAE Nationals, can get together and start a Private Shareholding Company by subscribing to the paid-up capital in full.

Some restrictions or criteria for establishing a Private Shareholding company:

1. The minimum number of founder shareholders must be three
2. Minimum capital must be AED 2 million
3. The Chairman and more than half of the Directors must be UAE Nationals

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.