mainland dubai company formation
How many persons is required for formation of company?
The number of persons required for the formation of a company varies depending on the jurisdiction where the company is established. In some jurisdictions, a minimum of one person may be required to establish a company, while in others, a minimum of two people may be required. Additionally, the nature of the company can also determine the number of individuals required, such as a partnership or a corporation.
What is the purpose of company formation?
The purpose of establishing a company is to carry out business activities legally and efficiently, while protecting the shareholders from legal responsibility and providing a separate business entity which can possess property, enter into agreements, and conduct business transactions.