Company can be a Investor

If an offshore company wishes to perform trade or other business in the Zone or in another place United Arab Emirates, it must obtain the proper license to conduct the trade or other business movement from the competent authorities such as by forming FEZ/FZC or limited Responsibility Company in which the offshore company can be a investor. A director of an offshore company who has straight or indirectly, an interest in a transaction entered into or planned to be entered into by the offshore company or by a ancillary of the offshore company which to a material point conflicts or may conflict with the happiness of the offshore company and of which he is aware, shall reveal to the offshore company the nature and level of his interest. This could be done for each contract or by way of general notice of expose of interest It shall not be lawful for an offshore company to make a advance to any director or to enter into any promise or provide any security in connection with a loan made to a director without the assent of members holding not less than 90 per cent in ostensible value of the shares giving a right to attend and vote at any gathering of members. Every offshore company shall in each year hold a broad meeting in addition to any other meetings in that year but so extensive as an offshore company holds its first general assembling within 18 months of its incorporation, it need not clasp it in the year of its incorporation or in the following year. If a meeting is called by shorter take in it is deemed to have been duly called if it so decided by a majority in number of the members having a accurate Adam Global to attend and vote at the meeting, being a mass together holding not less than 95 per cent in nominal worth of the shares giving a right to attend and vote at the meeting.