Sole Proprietorship LLC

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Sole Proprietorship LLC

The sole proprietorship is the simplest type of company in UAE without any hardship of special requirement and only need to possess residence permit for a foreign citizen.

A Sole Proprietorship establish the type of enterprise which is owned and run by single person where in there is no legal distinction between the owner and the business entity.There is no necessity for a sole trader to work alone and if needed can employ other people.

The sole trader have the potential to receive all the profits but also have to take up the responsibilities for all losses and debts.Without exception both asset and debt of the business is completely owned by the proprietor.

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