Limited Shares Partnership Company
A Limited Shares Partnership Company is a company formed by two groups, namely:
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Joint Partners comprising of one or more joint partners who are personally liable for the debts of the company.
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Trustee Partners comprising of no less than four shareholding partners whose liability is limited to the value of shares held in the capital.•
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The company should have a Memorandum and Articles of Association signed by all founding partners. In all cases the words “Limited Shares Partnership Company” should be added to the name of the company.
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For the joint partners, the company shall be governed in the same manner as a Simple Partnership Company and all the joint partners shall be natural persons.
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The company should have a minimum capital of QR 1,000,000 (one million Qatari Riyals), divided into shares of equal value that are transferable and indivisible and should be fully paid on incorporation.
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The company must have a General Assembly composed of all joint and trustee shareholding partners.
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A Limited Shares Partnership Company is managed by one or more joint partners.