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What is a Public Joint Stock Company

Joint stock companies began in 17th-century Europe when investors joined their money together to reduce financial risk. Over time, this idea grew into today’s Public Joint Stock Company (PJSC) model. In the UAE, a PJSC is a company whose capital is divided into shares that can be bought and sold by the public.

A PJSC offers its shares on stock exchanges such as the Dubai Financial Market (DFM) or Abu Dhabi Securities Exchange (ADX). These companies are closely regulated by the Securities and Commodities Authority (SCA) to ensure transparency, fair trading, and strong corporate governance.

PJSCs are different from Private Joint Stock Companies. Private JSCs do not allow public share offerings and limit how shares can be transferred. In contrast, a PJSC must offer at least 55% of its shares to the public, can have an unlimited number of shareholders, and must be listed on an approved stock exchange.

Benefits of Establishing a Public Joint Stock Company (PJSC) in Dubai

Tax Efficiency

Tax Efficiency

Zero personal income or capital gains tax in UAE. Corporate tax 9% only above AED 375,000 profit.

Enhanced Credibility

Enhanced Credibility

Public listing boosts corporate reputation and visibility. Viewed as stable and trustworthy by investors.

Fundraising Capability

Fundraising Capability

Access capital markets directly and raise funds without loans. Equity spreads ownership across shareholders.

Investor Appeal

Investor Appeal

Listed shares attract institutional and retail investors. High liquidity allows fast entry and exit anytime.

Strategic Flexibility

Strategic Flexibility

Public status enables mergers, acquisitions, and partnerships. Shares used for deals and employee incentives.

Sustainable Growth

Sustainable Growth

Capital markets support long-term expansion and reinvestment. Funding drives innovation and competitiveness.

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Is Public Joint Stock Company (PJSC) Formation in Dubai Costly?

Establishing a Public Joint Stock Company in Dubai enables businesses to raise capital through public offerings and list on stock exchanges. With proper guidance through SCA regulations, prospectus preparation, and DED approvals, the formation process becomes cost-effective. Experience reliable PJSC formation services with Riz & Mona Consultancy, your trusted business consultants in Dubai.

We analyze your capital requirements and handle all regulatory filings, share subscription coordination, and compliance documentation. Riz & Mona Consultancy provides complete support for initial approvals, MOA/AOA drafting, SCA registration, board formation, and all DED requirements to ensure your PJSC is established successfully and meets all UAE Commercial Companies Law standards.

Dubai PJSC Formation Cost Calculator

Get a comprehensive cost breakdown for establishing a Public Joint Stock Company in Dubai.

Key Features of PJSC

01.Capital Structure

02.Shareholder Base

03.Governance Structure

04.Market Access

05.Regulatory Oversight

06.Operational Continuity

Key Requirements for PJSC Establishment

  • Setting up a public shareholding company in Dubai requires AED 30 million issued capital with 25% paid upon subscription
  • Five to ten founding members with UAE nationals holding 51% shares where share capital is divided into equal shares
  • Minimum 55% of issued shares must be offered to the public on stock exchanges
  • Board of directors consisting of 3 to 15 board members with UAE national chairman and majority
  • Securities and Commodities Authority (SCA) registration and approval mandatory for incorporation
  • Department of Economic Development (DED) registration and commercial license required
  • Memorandum and Articles of Association prepared in Arabic and notarized
  • Bank certificate confirming minimum capital deposit in corporate account
  • Ultimate Beneficial Owners (25%+ ownership) must be fully disclosed and verified
  • Professional website and business profile demonstrating legitimate commercial operations
  • Clean compliance record with no financial crimes, fraud, or sanctions listing
  • Sectoral approvals from Central Bank (banking), Insurance Authority, or relevant ministry
Key Requirements for PJSC Establishment

Our Scope in Public Joint Stock Company Formation Services

Forming a Public Joint Stock Company in Dubai requires expertise in Securities and Commodities Authority regulations, UAE Commercial Companies Law, and public offering procedures. As experienced PJSC formation consultants, we bring in-depth knowledge of capital requirements, shareholding structures, and stock exchange listing procedures.

We ensure you fulfill all obligations under UAE company law and SCA regulations. Partner with us for absolute clarity and ease.

PJSC Formation Services in Dubai

  • Initial approval and feasibility study
  • MOA and AOA drafting and filing
  • Minimum capital arrangement (AED 10M)
  • Founding members coordination (10+ required)
  • SCA registration and compliance
  • Prospectus preparation and approval
  • Board of directors formation (3-15 members)
  • Stock exchange listing assistance

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