How many forms of companies under UAE companies law?

A glance about the Commercial Companies Law in UAE I post today. This may be useful specially to Whom who want to set up their business in UAE or who find this topic is related to their works. In brief, The United Arab Emirates Commercial Companies Federal Law, No. (8) Of1984 and its amendments Law No. (13) Of1988 and Law no. (15) of1988, is applicable to all the seven Emirates that constitute the UAE. I ought to refer that civil companies and service establishments are not covered under that law but are other forms of business entities that exist in the UAE. This law is a federal statute applicable in all the emirates comprising the federation of the UAE and supersedes local laws. As this law organizes only seven forms of companies (1) General Partnership (2) Commandite (3)Joint-Venture (4) Public Joint stock (5) Private Joint Stock (6)Limited Liability Companies  (7)Commandite Limited By Shares, There are some other types of companies are exempted from the provisions of such law. These exceptions are: (A) companies established in any of the UAE’s free zones. Most of free zones have special provisions regulating these companies Otherwise, Such Companies Federal Law prevails. (B) companies whose activities are in the OIL and Gas industry, the production of Electricity and Gas, the treatment of water and transmission, distribution and other related activities (C) any company excluded from the provisions of the Commercial Companies Law by resolution of the Cabinet of Ministers.

Basically The Commercial Companies Law has adopted as an underlying premise common to applied at all companies unless the aforesaid exceptions. The main requirement in such forms of companies to be registerable under, It is to have local majority holding. This means that it is mandatory to have at least fifty one percent of their capital held by UAE nationals. However, Investor can obtain a permission from the Ruler to establish a company without the necessity to appoint of a local partner or a local sponsor. But be aware that it is rarely happen.