LLC Formation in Dubai, UAE
LLC (Limited Liability Company) is the most predominant type of business setup
in the UAE Mainland. These businesses are permitted to engage in operations that
have been authorized by the Department of Economic Development, or DED. DED
categorizes and controls the kinds of economic activity that businesses are
allowed to engage in. The UAE Commercial Companies Law of 2015 (CCL) governs
limited liability companies. Forming an LLC requires a minimum of two
stockholders and a maximum of fifty.
A UAE (Local Partner) must own 51% of the company's shares, while a foreign
investor must own 49%. All of the company's liabilities are confined to an LLC,
which is a distinct legal entity. This suggests that the liabilities of the
corporation cannot be attributed to the shareholders. An LLC is the best option
for business owners looking to get a high return on investment because it
provides a number of advantages.
Mainland Business Setup Services
- There are no minimum or set share capital requirements.
- No limitations on the ownership of real estate
- able to trade freely within the United Arab Emirates
- exemption from the 5% import customs tax.
- Reduced VAT Rate Enhanced Credibility for creating corporate bank accounts in many currencies
- Capacity to expand your company's business
- Exemption from the annual audit
Limited Liability Company Incorporation Services
Company Daddy’s consultants engage in an effective discussion to assist you with the Limited Liability Company Formation process which may otherwise seem overwhelming. Our services range across:
- Getting approvals and clearances from various departments.
- Preparing Memorandum of Association and other necessary agreements
- Finding local partners
- Assistance in Opening Corporate Bank Accounts
- Finding a favorable office location
- Applying for Residence visa and Emirates ID.
- Handling other documentation formalities
Apart from this, you can bank on us for clarification regarding any other aspect pertaining to the setup of your Limited Liability Company.
Meydan Free Zone
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Offshore Company
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Ajman Free Zone Business
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