Establishing a limited liability company in UAE
Establishing a limited liability company in the United Arab Emirates, or as it is known (LLC), is one of the widespread legal forms for companies in the United Arab Emirates. (LLC) are characterized by several advantages, including low cost, ease of legal procedures, and other advantages that made them The most important form of distinguished investment, which concerns every investor or entrepreneur in Dubai, and it is one of the most common companies in the UAE, whether among local or foreign investors.
Dubai setup many of these companies, As it is known, the minimum number of shareholders in the procedures for establishing a LLC is only two, the number of shareholders does not exceed more than 50 shareholders, and some or all of the partners may be foreigners according to the policies governing the company’s activity and its final legal form.
Advantages of Establishing a limited liability company in UAE
Limited liability companies offer multiple advantages that have made them one of the most widespread and common companies in the business community.
And among the most important advantages:
It allows you to obtain all forms of commercial, industrial, and professional licenses, except for some activities such as tourism activities, health care, and educational services.
There is no minimum capital, it is only required to secure a sufficient amount to practice the activity.
according to the discretion of the Dubai Economic Development Authority.
You can easily establish branches of the company Whether (on-shore) inside the UAE or (off-shore) outside the borders of the state,
facilitating procedures for establishing and opening bank accounts, and contracting with local agents.
The company has its legal status, meaning that it is not affected in the event of bankruptcy or withdrawal of one of the partners.
which earns it more confidence in the business community, whether at the local or international level.
A low tax rate that does not exceed 9% outside the free zone and 0% inside the free zones such as Jebel Ali, Dubai South, and others.
Steps to establishing a limited liability company
1- Determine the type of company:
The business owner must decide whether he wants to set up a free zone company or an onshore company in Dubai.
2- Securing the required licenses:
Depending on the type of company, the business owner must secure the appropriate license to operate in Dubai.
3- Choosing a name for the company:
The business owner must choose and register the appropriate name for his company approved by the Department of Economic Development (DED).
4- Draft and Sign the Memorandum of Association:
The Memorandum of Association must be drafted with details about the objectives and activities of the company and signed by all shareholders.
5- Opening a bank account in Dubai for companies:
To open a bank account for a company, the business owner must submit several documents, such as copies of a valid passport, and license.
6- Registration with the Department of Economic Development:
Finally, the business owner must register with the Department of Economic Development and obtain a trade license for his (LLC) in Dubai.
Documents required to establish a (LLC) company:
The documents required to establish a company (LLC) are the first step to establishing a company.
and all documents required to establish a company in Dubai are documented by the relevant government agencies within the country.
and for foreign investors, it is certified by the UAE Consulate in their home country.
1- Application form for registration of a (LLC).
2- The application form for the commercial license, or the use of the instant license.
3- The trade name registration document and obtaining the initial approval to establish the company.
4- A letter from an Emirate bank to each shareholder in the company.
5- The identity card for citizens or a copy of the passport for foreign investors.
6- The memorandum of association and articles of association of the company are certified by the Ministry of Justice.
7- A lease contract for the company’s headquarters certified by the municipality and the Civil Defense Department.
Contract Form for Establishment of a (LLC):
Contract Form for the Establishment of a (LLC) is one of the forms through which individuals can properly establish the company and guarantee all their rights.
as the company contains all the provisions that guarantee the rights of each partner.
There are many legal rules and controls that must be included in the company’s articles of association and clarify each article In detail.
to obtain to obtain the company’s Memorandum of Association form in PDF , click here
Are you seeking to set up a company in Dubai:
We understand that establishing a company in Dubai may be complicated for new investors.
And in Tdabeer we work hard to facilitate and complete your work with ease and ease.
direct you towards investing in Dubai and launching your ambition and turning it into successive successes
establishing your company in Dubai, which is the goal of every entrepreneur inside and outside the country.
Cost of Business Setup in Dubai
