mainland dubai company formation
How many persons is required for formation of company?
The number of persons required for the formation of a company is determined by the laws of the jurisdiction where the company is being formed. In some jurisdictions, a minimum of one person may be required to establish a company, while in others, two or more persons may be required. Additionally, the number of people required can also vary depending on the type of company being formed, such as a partnership or a corporation.
What is the purpose of company formation?
The purpose of creating a company is to conduct commercial activities legally and effectively, while safeguarding the owners from liability and providing a separate legal entity that can possess assets, engage in contracts, and conduct commercial transactions.