Commercial Companies Law

Article 71 — Article (71) Definition of the Company

Part Three: Limited Liability Company · Chapter One: Incorporation of Limited Liability Company

1. A limited liability company is a company whose number of partners is at least two and does not exceed fifty [50]. Any partner thereof shall be liable only to the extent of his capital contribution. 2. Any single natural or legal person may incorporate and own a limited liability company. The capital owner of the company shall be liable for the obligations of the company only to the extent of the capital set out in its MOA. The provisions of the limited liability company contained in this Decree Law shall apply to such a person, without contradicting the nature of the company.

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