Holding Company
- Nov 9, 2024
- 1 min read
The first paragraph of Article 296 of Law No. 32 of 2021 outlines the purposes of a holding company as follows:
The first paragraph of Article 296 of Law No. 32 of 2021 outlines the purposes of a holding company as follows:
Ownership of shares or stakes in joint-stock companies or limited liability companies.
Providing loans, guarantees, and transfers to its subsidiaries.
Owning real estate and movable assets necessary for the direct conduct of its activities.
Managing its subsidiaries.
Owning intellectual property rights, including purchasing patents, trademarks, industrial designs, or franchises, and leasing them to its subsidiaries or other companies.
A holding company is not permitted to engage in any commercial or professional activities except through its subsidiaries.
The team at ILS CONSULTANCY, consisting of expert legal consultants, provides you with all the necessary advice, information, and clear legal consultations regarding how to establish holding companies and offers all the required services for their operation.
Email: info@ilsconsultancy.ae
+971555611565
+971559897409
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