LLC Company Formation in Dubai
LLC company Setup in Dubai
Dubai is a favourite location for investors all over the globe to set up a company due to its status as a business hub in the Middle East. LLC Business Setup in Dubai is one of the preferred legal business forms for establishing a trade or manufacturing establishment. It offers several business benefits. However, an LLC company formation in Dubai has no requirement for a minimum capital investment. The management of the LLC Company can be vested with the Managers. Who can be up to 5 persons and may or may not be UAE Nationals.
This provides flexibility in choosing the management team. When setting up an LLC Company in Dubai, a minimum of 2 and a maximum of 50 shareholders are required. However, the liability of a shareholder is limited to their share in the capital, which offers protection for individual shareholders. Additionally, the start-up cost for an LLC Company is relatively low. One of the advantages of an LLC Company setup is that it provides full access to the UAE marketplace.
Investors For Company
Companies can conduct business in their local emirate and also engage in import and export activities freely. This opens up opportunities for growth and expansion. Previously, LLC company setup in UAE required the expat investor to own a maximum of 49% shares of the company, with 51% of the shares held by a UAE National (Emirati Sponsor). However, as per the latest UAE company law, anyone can now set up an LLC company in UAE with 100% expat ownership.
Overall, the LLC Company setup in Dubai is diverse in its policy and flexible for various business activities. This, combined with Dubai’s reputation as a business hub, makes it an attractive choice for investors worldwide.
100% Foreign Ownership In Mainland Of UAE
LLC Company Registration in Dubai is a streamlined process facilitated by the Department of Economic Development (DED), Dubai. However, it offers several advantages for investors, including the ability to take an office space anywhere in Dubai. Moreover, open a corporate bank account, and obtain a residence visa under the company. Under the Cabinet Resolution No.16 of 2020, there have been significant changes regarding 100% foreign ownership in the mainland of UAE.
Category Of Business
Certain categories of business licenses no longer require a UAE National Sponsor. A ‘Positive List of Activities’ has been established, allowing companies outside free zones to have 100% foreign ownership, subject to meeting specific criteria. For more detailed information, please contact us.
Having a Limited Liability Company (LLC) in Dubai provides investors with peace of mind and flexibility in terms of business operations, company ownership, reduced risk of capital investments, and the ability to hire additional staff, among other benefits.
Benefits Of LLC Company Formation In Dubai
LLC Company Formation in Dubai offers a range of significant benefits for investors. By setting up an LLC Company, investors can take advantage of the following advantages:
- 100% foreign ownership: LLC Company Setup in Dubai allows investors to have full ownership and control of their company, without the need for local sponsorship.
- Access to diverse business activities: LLC Companies have the flexibility to engage in a wide range of business activities, allowing investors to explore various sectors and markets.
- UAE residence visa and family sponsorship: Investors can obtain a UAE residence visa for themselves and their family members, enabling them to settle and live in the UAE. This facilitates long-term business operations and personal stability.
- Visa flexibility for hiring staff: LLC Companies have the freedom to hire additional staff without the constraints of visa quotas, making it easier to expand the workforce as needed.
- Credibility for banking: Registering as an LLC Company in Dubai enhances credibility among banks, making it easier to open corporate bank accounts and access financial services.
- Local and international trade opportunities: LLC Companies can freely trade in the UAE local market, as well as across the GCC region and globally. Although, This opens up vast business prospects and the potential for expansion.
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Branch setup and real estate ownership: LLC Companies can establish new branches within the mainland of UAE without complications. They also have the option to purchase real estate properties in Dubai under the company's name. Additionally, LLCs can participate in tenders and undertake government projects and assignments.
Some Additional Benefits Of LLC Company Formation
- Repatriation of funds and profits: LLC Companies allow for complete repatriation of capital funds and profits, providing flexibility and financial benefits to investors.
- No minimum capital requirement: There is no specific minimum capital amount required for an LLC Company, providing investors with more flexibility in managing their financial resources.
- Multiple office setup: LLC Companies can establish any number of offices in the UAE, providing opportunities for expansion and regional presence.
- Few activity restrictions: LLC Companies enjoy greater freedom with limited restrictions on business activities, allowing investors to pursue a wider range of ventures.
Overall, LLC Company Formation in Dubai offers investors the advantages of ownership, market access, visa flexibility, financial credibility. The ability to explore diverse business opportunities in both local and international markets
Procedure To LLC Company Setup In Dubai
Setting up an LLC Company in Dubai is a straightforward process that can be easily incorporated with the right documentation and approvals. Moreover, Our team is dedicated to providing expert consultation and a hassle-free experience for your LLC Company Formation in Dubai.
To set up your LLC Company, follow these steps:
- Select the trade name and activities of the company.
- Choose a location for the registered company.
- Submit the required documents to obtain the license from the Department of Economic Development (DED) in the UAE.
- Obtain approvals from relevant regulatory and government authorities, if applicable.
- Complete the process of obtaining the Trading License, Certificate of Incorporation, Memorandum of Association, Share Certificates. Moreover, Tenancy Agreement for your LLC Company Setup.
- Process visas, labor cards, and other necessary legal documents.
- Secure a physical office space and finalize the Tenancy Contract.
- Submit the Tenancy Contract along with the initial approval documents to obtain the LLC Company License.
- Apply for Residence Visa, and Emirates ID, and open a corporate bank account in Dubai.
With our assistance, you can successfully navigate these steps and establish your LLC Company in Dubai. Our team is committed to guiding you through the process and ensuring a smooth and efficient setup.
Documents Required for LLC Business Setup in Dubai
In order to set up an LLC Business in Dubai, the following documents are required. Our team will assist you in preparing all the necessary application forms and documents for submission to the relevant government departments.
- Passport copy of the investor.
- The passport copy of the manager.
- Copy of Emirates ID (for UAE nationals).
- No Objection Certificate from the company (If the shareholder or manager is currently employed in any UAE company)
- Attested Tenancy contract for the Office, warehouse, or showroom by the planning department and civil defense department of Dubai municipality, along with the location plan.
- Attested Memorandum of Association from a public notary.
- Application form of registration from Dubai Economic Department.
By providing these documents, we will ensure that all the necessary paperwork. However, this is prepared accurately and efficiently for the successful establishment of your LLC Business in Dubai. Our team is dedicated to guiding you through the process and ensuring a smooth experience.
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MARKEF is a leading Accounting Firm offering wide range of services including Accounting and Bookkeeping, Audit and Assurance, VAT and Corporate Tax, Business Consulting, Management Consulting, and Business Setup Services in Dubai and across United Arab Emirates.
- Office No.1929, Tamani Art's Offices Tower, Business Bay, Dubai, United Arab Emirates
- +971 4 589 2828
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- E-mail : info@markef.com
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