SILENT PARTNER

12 June 2012
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Written by Administrator

However, a larger portion of Dubai Limited Liability Companies use the local UAE partner as a "silent partner." In this arrangement, the local UAE partner is usually paid an annual "Partnership fee" in return for giving up management control of the company to the foreign investor. However, legally, the local UAE partner still holds a majority stake in your business.

Last Updated on Thursday, 13 December 2012 05:41