LIMITED LIABILITY COMPANY FORMATION (LLC)
Starting a business Dubai is now easier than ever, especially if you are planning to open a Limited Liability Company (LLC). The vision of the Department of Economic Development (DED) of Dubai is finally coming to light in helping business owners launch and expand business without the need for complicated regulations, processes and administration. As such, establishing an LLC company in Dubai can turn out to be a viable proposition.
To set up a Limited Liability Company, there are two jurisdictions in Dubai: Dubai “mainland” on one hand, and more than 30 economic free zones in Dubai on the other. The mainland and free zones offer different advantages to different types of business, and if you are a Limited Liability Company you get to take advantage of various privileges.
ADVANTAGES OF A LLC COMPANY
Stress-free banking within UAE.
Easy to find office and industrial space that is cost effective.
LLC entity provides complete access to government business support and local economy.
Opportunity to obtain a license for a full range of activities.
Becoming a partner in a LLC Company gives you strong physical presence in Dubai.
If you want to get registration of Limited Liability partnership in Dubai or any other Emirate, let My Business Consulting DMCC guide in choosing the most effective corporate structure for your Limited Liability Company. We can help your Limited Liability Company in getting started as well as doing business in the UAE along with providing support for visa applications and tax certification. If you choose to conduct business in Dubai mainland, you will need to register business entity with the DED, who will then provide you a Dubai business license to start doing business as a Limited Liability Company. Formation of Limited Liability Company is quite common in the UAE, especially among foreign investors. Foreign investors may start Limited Liability Company in partnership where 51% ownership of the company belongs to United Arab Emirates (UAE) nationals. That way, you get to avail limitless business opportunities in Dubai. However, it should be noted that some business activities are reserved for UAE nationals only.
While some business activities are reserved for UAE nationals only, in professional activities 100% foreign ownership is permitted. A limited liability partnership can be formed by a minimum of 2 and a maximum of 50 shareholders whose liability is limited to their shares in the capital. The minimum requirement for share capital is AED 300,000 in Dubai and AED 150,000 in other Emirates. Shareholders must fulfill the Limited Liability Company formation documents and processes, which is included the appointment of a manager by the Memorandum of Association (MOA), for a limited or an unlimited period of time. A LLC must appoint a minimum of one manager and up to a maximum of five managers for the business. Unless the MOA states otherwise, the manager has complete authority over the administration and management of the LLC. A LLC is allowed to practice its activities in the UAE based on Trade License and Commercial Registration Certificate.
HOW TO GET STARTED
At My Business Consulting DMCC, we offer you consultancy and support to build the ideal corporate structure for LLC company formation based on your business idea. We provide full range of services for Limited Liability Company formation within the UAE that can turn your investments into profitable businesses. Let us help you design a service package that helps you get started the right way in the UAE.
SET UP YOUR BUSINESS WITH US
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Matchest Consulting Inc. (Taiwan Based Partner) We are professional consulting company in Taiwan and have cooperated with MY Business Consulting DMCC for many projects successfully. We appreciate for their patience to let us learn more with respect to UAE company types and related regulations. We will continue to cooperate the business and to bring the best services to the clients. Neqtat Al Entelaq Limited More professional than expected, especially Ms. Alaina. We would really recommend My Business Consulting DMCC to all. Aswaq Capital Limited We are very happy to do the registration of Aswaq Capital in My Business Consulting DMCC. And everybody is very helpful. Shafiq Massoud It’s obvious, that My Business Consulting DMCC is committed to professional services and I will not hesitate to recommend your company to others. Blue Atlas Investment Holding Ltd Very efficient and helpful. Excellent time management as we were on a tight schedule. Everything was prepared in time.
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