If you want to set up a business in the UAE then you need to know the various types of company formations that are available. These structures are usually divided into two types: private and public. A private company is a partnership in which two or more individuals control 100% of the company. If you're looking to start a business in the UAE it is likely that you will require a service agent. A company operating in the UAE is generally referred to as an LLC. An LLC must choose a manager by signing a Memorandum of Association. The UAE allows one to five managers. Private shareholding companies are privately-owned companies that do not manufacture their own products.