LLC Company Setup
If you are planning to start your own business in Dubai, LLC Company Setup in Dubai is a good option. Creating an LLC in Dubai is beneficial for both you and your business. As the UAE is a hub for entrepreneurship, LLC Company Setup in the city is a smart choice. Here are some of the benefits of establishing an LLC in Dubai. Read on to know more. Hopefully, this article has been useful.
An LLC is the most preferred type of business in Dubai and is allowed to trade anywhere in the GCC. There is no minimum or maximum number of shareholders. The liability of each partner is limited to their share of the capital and personal wealth. In Dubai, the minimum share capital for an LLC is AED 300,00. Expatriates are allowed to hold up to 49% of the company. The process to register an LLC takes a few weeks to complete.
Setting up an LLC in Dubai is simple. It usually takes four to five days, although it can take longer depending on the number of documents required and the location of your office. The process of company registration is fast and painless, but you must ensure that all documents are translated into Arabic before submitting them to the UAE authorities. Then, all partners must sign a Memorandum of Association (MOA) in front of a Notary Public. If any partner is unable to sign, they can give someone power of attorney. The person can then sign all the necessary documents on their behalf.
LLC Company Setup in Abu Dhabi
LLC Company Setup in Dubai
Once you have your LLC name and location, you can begin the process of forming the company. Once you have chosen the name and location, you must then decide where you want to have the office. Whether you want your company to have a physical office, virtual office, or warehouse, it is important to choose a location that fits your business plan. You must then agree with a local sponsor for the LLC and select the location. This person will own 51% of the LLC shares. You can also own the remaining 45% of the shares of your company.
When it comes to setting up your LLC, you will have to pay a nominal amount of money for the process. You will need to pay license and court fees, as well as a few hundred dollars for office tenancy. However, you will have unlimited access to the economy in the UAE as an LLC. If you decide to set up branches, you can choose a location with ease. You can use the name of your LLC to advertise your services.
A limited liability company allows you to engage in any type of business activity except for banking and insurance. This form is ideal for attracting foreign investment and obtaining investor status in Dubai. There are no minimum share capital requirements and it is easy to register a limited liability company in Dubai. It is also free from restrictions on real estate ownership. You can open an LLC in any Emirate to conduct any business you wish. You will not be required to provide any capital and need not have a local partner.