Limited Shares Partnership Company

A Limited Shares Partnership Company is a company formed by two groups, namely:

Joint Partners comprising of one or more joint partners who are personally liable for the debts of the company.
Trustee Partners comprising of no less than four shareholding partners whose liability is limited to the value of shares held in the capital.•
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.
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.
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.
The company must have a General Assembly composed of all joint and trustee shareholding partners.
A Limited Shares Partnership Company is managed by one or more joint partners.