Various types of companies can be formed at TechnoPark, namely:

A Limited Liability Company

  • With two to fifty partners, liable to the extent of their share in the capital.
  • Minimum share capital 300,000 AED divided into equal shares with a minimum face value of 1000 AED.
  • UAE nationals must hold at least 51% of the shares.
  • The management or managers are appointed by memorandum of association, by a separate management contract or by a general assembly of the partners.

A Sole Establishment (commercial/ industrial)

  • Owned by a sole proprietor, who is responsible for all its financial obligations.
  • The owner must be a GCC national.

A Civil Company

  • For activities involving the use or investment in intellectual faculties, acquired information or the use of skills.
  • Formed as Civil Partnerships in accordance with the Federal Civil Transactions Law No.(5) of 1985 with its amendments.
  • Professional companies may be 100% foreign owned.

Alternatively these types of branch companies, legally regarded as part of their parent establishment, may be set up:

  • A Branch of a Free Zone Establishment (FZE).
  • A Branch of a Free Zone Company (FZCO).
  • A Branch of an L.L.C. (covers all Limited Liability Companies in the UAE).
  • A Branch of a Sole Establishment based in the Emirate of Dubai.
  • A Branch of a GCC Company (the mother company should have a 100% GCC shares).
  • A Branch of a Foreign Company.