Company,and,its,structure,rule business, insurance Company and its structure and rules in Dubai and UAE

As we all know to live in this world we have to perform some activity by which we can earn money. There are many activities by which we can earn money and meet the standards to live in this society. And from one of them is franchise.  Franc Small offices have unique needs, and thatincludes document shredding. Designed with the smaller business inmind, the Dahle 20314 is a cross-cut shredder that offers Level 3security and brings you into compliance with federal regulations. The

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-priority:99;mso-style-qformat:yes;mso-style-parent:"";mso-padding-alt:0in 5.4pt 0in 5.4pt;mso-para-margin-top:0in;mso-para-margin-right:0in;mso-para-margin-bottom:10.0pt;mso-para-margin-left:0in;line-height:115%;mso-pagination:widow-orphan;font-size:11.0pt;font-family:"Calibri","sans-serif";mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:"Times New Roman";mso-fareast-theme-font:minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:"Times New Roman";mso-bidi-theme-font:minor-bidi;}Company is an organization which is anassociation of different individuals, whether real people or other companies,primarily formed with the aim of doing business and earning profits for its shareholdersor members. These individuals provide some sort of capital in the company,either during its formation or after its development to become members orshareholders of it. The key trait which distinguishes company from other sortsof business organizations is that it is considered a separate individual havinga unique identity and personality in the eyes of law. This legal person, thatis the company, has rights and obligations of its own therefore it can suesomeone for the violation of its own rights and can be sued by others in thecase of infringement of their rights.The companies are usually referred to as by the name “limited”. These arecalled limited because the liability of its members and shareholders arelimited to an extent and these cannot be directly sued by someone for company’saffairs and similarly they can’t sue someone directly. The capital and assetsof the company are company’s personal wealth and property, and its members haveno direct right and claim over it.Companies are a popular arrangement of business in the whole world especiallyin the continuously developing emirates and states of UAE particularly inDubai, Abu Dhabi and Ajman. In the past, the process for Dubaicompany formation and other emirates was different. Each emirate usedto have a unique procedure for the incorporation of company and foreignbusiness rules. However after 1984, steps were taken to make a single codifiedcompanies law that deals with and is applicable to all the emirates in UAEincluding company formation Dubai, Sharjah, Ajman and Qatar. This law alsoapplies to the AbuDhabi company set-up requirements. This company law has outlined seventypes of companies that can be formed in UAE that are General partnershipcompany, Partnership-en-commendams, Joint venture company, Public shareholdingcompany, Private shareholding company, Limited liability company, Sharepartnership company.The UAE company law has made a requirement for all the UAE establishedcompanies to be owned in at least 51% proportion by the local UAE residentsexcept in certain special conditions in which 100% ownership by local UAEresidents is required. There is also a basic requirement of obtaining a licensefor conducting the business activity. These licenses fall in three categories,commercial, professional and industrial. A company has to obtain the requiredlicense before it can commence trading.To encourage individuals and other companies to establish Dubaicompany incorporation and other emirates of UAE, a lot of free zonesare being created in Dubai, Ajman, Abu Dhabi and in other parts of UAE. Thesefree zone company Ajman, Dubai, Abu Dhabi and Sharjah etc enjoy an exemption ofduty on the goods.Dubai has a great population of people. Due to the recent development, greatpopulation of people, great opportunities, free zones being developed and apromising future growth, a lot of investors are making their way into the Dubaibusiness market. A lot of new industries and companies are nowadays beingset-up in Dubai giving a further boost to Dubai’s economy and GDP. Thesecompanies are being formed for a lot of businesses including tourism, mobilephones, telecommunication, retail, advertising and marketing andtransportation.