The required number of directors in a limited liability company

Question

Q: Can the number of directors in an LLC company be 4 members or it should be compulsorily in odd numbers? A: The CCL (inclusive) regulate the establishment of limited liability companies. The LLC requires a minimum of two and a maximum of 50 members and there is no minimum capital requirement…

Rajasree Ravivarma · Accepted Answer

Dear Questioner,

Under the Commercial Companies Law or CCL (Federal Law No. 8 of 1984 Concerning Commercial Companies as amended by Federal Law No 1 of 1984 and Federal Law No 13 of 1988, Federal Law No. 15 of 1998), foreign investors are permitted to hold up to 49 per cent equity ownership in UAE companies, 51 per cent of the equity must be held at all times by one or more UAE nationals.

Articles 218 to 255 of the CCL (inclusive) regulate the establishment of limited liability companies. The LLC requires a minimum of two and a maximum of 50 members and there is no minimum capital requirement.

The management of the LLC is vested in the ‘managers’ who may or may not be UAE nationals.

Hope the above explanation is satisfactory.

Thank you.

Regards,

Rajasree Ravivarma

+971544461746

Questions & Answers