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LLC Company Formation in Dubai : Dubai LLC Company Formation Guide. Your ultimate guide to Limited Liability Company Formation and Registration in Dubai for investors and businessmen. Explore LLC company formation various options, procedures and requirements. Discover LCC company formation procedure cost, price, Dubai LCC company formation agents & consultants
LLC Company Formation in Dubai : Dubai LLC Company Formation Guide. Your ultimate guide to Limited Liability Company Formation and Registration in Dubai for investors and businessmen. Explore LLC company formation various options, procedures and requirements. Discover LCC company formation procedure cost, price, Dubai LCC company formation agents & consultants

LLC Company Formation in Dubai

LLC Company Formation in Dubai : Dubai LLC Company Formation Guide. Your ultimate guide to Limited Liability Company Formation and Registration in Dubai for investors and businessmen. Explore LLC company formation various options, procedures and requirements. Discover LCC company formation procedure cost, price, Dubai LCC company formation agents & consultants. LLC company formation in Dubai has many opportunities for investors and businessmen. Limited Liability Company (LLC) is the most common form business in UAE. A Limited Liability Company can be formed by a minimum of 2 and a maximum of 50 shareholders whose liability is limited to their shares in the businesses capital.

Most companies with foreign partners have opted for the Limited Liability Company, due to the fact that this is the only option that’ll give maximum legal ownership i.e. 49% to the expatriates for a local business. As it is mandatory to have a UAE national as a partner in the LLC (51% shareholding) prospective investor has the option to choose the one UAE national (sponsor) as a partner in the company. LLC is flexible and differential profit sharing arrangements also possible. This permits the foreign investor a great edge as 51% legal equity is with local partner.

LLC Company Formation in Dubai 

Over the past decade, Dubai has emerged as one of the top business destinations in the world and attracts millions in LLC Company Formation in Dubai. Dubai has continued to be a favorite location for investors around the world for Company Formation- LLC as it remains tax free and diverse in its policy. Most of the investors prefer to setup Limited Liability Company or LLC Company formation in Dubai.

The Limited Liability Company can be formed with minimum of 2 and a maximum of 50 shareholders and the liability of shareholders are limited to their own share in the company capital. The LLC Companies are restricted to perform some kind of business activities like banking, insurance or money investment. A Limited Liability Company requires an Emirati local partner or silent partner with 51% of share in the company and the expatriate investor will hold 49% of share. After all legal procedures are done, this local partner or silent partner will make an agreement in the court that he has no involvement in the company.

REQUIREMENTS FOR LLC COMPANY FORMATION IN DUBAI

CAPITAL REQUIREMENT FOR LLC COMPANY FORMATION DUBAI

On 10th August 2009, the capital requirement law was cancelled and in Dubai a Limited Liability Company can be registered without having Bank Deposit Certificate and Auditor Certificate. Thus making LLC Company Formation in Dubai less burdensome for the expirates.

LLC COMPANY SETUP PROCEDURES IN DUBAI

  • Choose appropriate legal structure of the business
  • Select the name and the activities involved in your application.
  • Choose proper location for your llc company formation.
  • Compile & Submit the required document to get the license from Deportment of Economic Development of UAE
  • For some special business activities, get approvals from relevant regulatory & Government authorities.
  • Get office / Virtual Office/ Warehouse / Land for the company formation operations
  • Obtaining Trade License, Certificate of Incorporation, Memorandum of Association, Share Certificates, Tenancy Agreement for your LLC  Company Setup
  • Processing visas, labour cards and other legal documents

REQUIRED DOCUMENTS FOR LLC COMPANY FORMATION IN DUBAI

  • Investor’s passport copy
  • Local Sponsor’s passport copy
  • Manager’s Passport copy
  • NOC letter from the sponsor if the partner or the Manger has a residence visa in the UAE
  • Registration application form from Dubai Economic Department
  • Trade name reservation
  • Initial approval from Dubai Economic Department
  • Tenancy contract for the Office/warehouse attested by planning department and civil defense department of Dubai municipality along with location plan
  • Memorandum of Association duly attested from public notary

LLC Incorporation Services in Dubai

LLC company formation agents and consultants in Dubai closely interact with clients to handle their LLC incorporation from starting point to finish line and assist with strategic ideas, work with their business plan : Getting approvals and clearances from various departments, Drafting Memorandum of Association and other necessary agreements; Help to bring local equity; Finding local partners; Helping to open bank accounts; Assisting to find proper office location; Handle other documentation formalities. The span of time to form a Limited Liability company will be approximately 1-2 weeks from the date of receipt of all required documents.

LLC company formation agents and consultants in Dubai can provide complete assistance for clients who are interested in LLC company formation in Dubai. LLC company formation consultants in Dubai clearly understand your requirements, your budget, nature of your business activity, complete details of your partners and gives complete assistance in LLC  Company formation in Dubai. LLC company formation agents in Dubai can also help you to find proper location for setting up llc company and can provide reliable local sponsor for your llc company formation Dubai. LLC company formation agents and consultants in Dubai can take care of the entire incorporation process and obtain trade license and all other legal documents of the company within the shortest period of time.

Dubai LLC Company Formation Cost & Prices

Dubai LLC Company Formation Cost & Prices : Cost Breakup for LLC Company Formation in Dubai. Explore company formation procedure cost and prices.

  • Initial approval from economic department cost & prices : 110 AED
  • Trade name approval cost & prices : 210 AED – One time Expense
  • Notary fees for court (depend on company share capital) : 900 AED
  • Typing LLC contract (Arabic & English) cost & prices : 1250 AED
  • Ministry of economic fees and expenses : 3000 AED
  • Trade license fees and cost : 200 AED
  • Owner accommodation fees (per partner) 1000 – Cost Per year
  • Government cultural cost & prices : 10 AED Per year
  • Trade Name Advertisement cost & prices : 500 AED Per year
  • Commercial license – Tejari fees: 150 AED Per year
  • Chamber of commerce Cost : 1200 AED Per year
  • Waste fees municipality: 1000 AED Per year
  • Commercial services improvement fees: 400 AED Per year
  • License fees & Cost : 550 AED Per year
  • Administrative Services Fee & Cost : 50 AED One time Cost
  • Chamber of commerce fees AED 1200 per year is for normal trading company. If it is an industrial company then this fees comes to AED 2200.
  • Waste fees for municipality AED 1000 per year is for normal trading company. If it is an industrial company then this fees comes to AED 2000.
  • For foreign trade name there is an extra fees of AED 2000 per year.
  • For the formation of General trading company one-time fees of AED 15,000 is required.
  • For Contracting License one time fees of AED 10,000 is required.
  • For Real Estate Brokers Company fees for Economic Department of AED 5,000/- is required.
  • 5 % of Amount premises rent to be paid to Government.

LLC Company Formation in Dubai : Dubai LLC Company Formation Guide. Your ultimate guide to Limited Liability Company Formation and Registration in Dubai for investors and businessmen. Explore LLC company formation various options, procedures and requirements. Discover LCC company formation procedure cost, price, Dubai LCC company formation agents & consultants

LLC Company in Dubai

Limited Liability Company (LLC) is the most common form business in UAE. A Limited Liability Company can be formed by a minimum of 2 and a maximum of 50 shareholders whose liability is limited to their shares in the businesses capital. A Limited Liability Company (L.L.C) set up in Dubai can be formed with 49% shareholding of expatriates whereas 51% shareholding has to be in favor of a local U.A.E resident. An Onshore Company is one that is incorporated within the jurisdiction limits of a country, with the aim of accomplishing business by fulfilling all of its legal formalities. In UAE, onshore companies require a UAE national to act as an agent or company shareholder. LLC set up in Dubai is the most popular type of business entity registered by the foreign investors in UAE.

You can hire company formation consultants in Dubai to form independent or branch/representative offices of registered foreign companies in any part of the Emirates with reasonable Dubai LLC set up costs. In certain situations, in order to abide by the UAE legalities, company formation consultants in Dubai can provide you with the best locally accessible resource to set up an LLC in Dubai. The Limited Liability Company allows the foreign citizens to own 49% of its shares while 51% should be brought up by a local sponsor or a partner.

Professional business consultants for LLC set up in Dubai provide a comprehensive range of business management services to individuals and companies. Adhere to the highest international standards of quality, and provisions of the existing regulations for your LLC set up in Dubai and the United Arab Emirates.

Benefits of LLC Company in Dubai

  • Dubai LLC offers an unrivalled access to the wider UAE economy.
  • No specific minimum capital needed.
  • The investor has a choice to commence branches.
  • The investors get investor visa under which they enjoy the investor’s status in the Emirates along with their family.
  • Investors can manage the business without any day –to-day interference from the local partner.
  • Easy to open corporate bank accounts along with easy availability of credit facilities.

LLC Company Formation Dubai : LLC Company Formation in Dubai UAE. LCC Company Formation Procedure Cost, Price, LLC Company Formation Agents & Consultants

LLC Company Formation Dubai

If your are an investor and wish to incorporate in Dubai, then you need to know about sponsorship for Dubai.

Every foreigner in the country must have a Sponsor. Every business must have a Sponsor or a Service Agent. If you want to visit Dubai, then you need sponsorship for Dubai. Sponsorship for Dubai and in the UAE is very important.

If you are in a free zone, the free zone is your sponsor.

A Sponsor or a Service Agent in Dubai is any UAE national, man or woman, or any UAE owned company who is willing to take on the responsibility of bringing you into the country – as an investor, or as an employee, or even if you are a Tourist. Some Professional categories only need to have a ‘Service Agent’.

A Sponsor normally is a 51%+ owner of the business on paper if it is a local LLC company. He does not invest any of his own funds, and you are obliged to put 51% of your capital in his name. In most cases he will not partake of the profits of the business, but will take either an annual fixed fee or a percentage of revenues.

Many investors do side agreements with the UAE nationals offering sponsorship for Dubai, where the Sponsor agrees that the 51% is not his, but this point is not necessarily upheld by the Dubai Courts.

A Service Agent is generally only attached to Professional category companies where the professionals are entitled to own 100% of their companies e.g. Doctors, accountants, carpenters.

The official language of the UAE is Arabic yet in the majority of the trade and commerce activities of Dubai the English language is applied. But many government documents are in Arabic so they need to be typed by a typist who can do so in Arabic. The Sponsor or the Service Agent, most of the times, signs these documents, and if you trust him, interprets them for you.

Sponsorship for Dubai is how the Government of Dubai, UAE, persuades the local population to welcome these large numbers of foreigners, who outnumber them 1:10, by allowing the former to make money from every foreign investor who comes into Dubai.

The Government itself makes billions of Dollars as visa and company registration fees. The banks keep billions of Dollars in security deposits for the employment visas that the companies pay before the visas are issued. The typical annual Sponsorship fee can run from US$ 4,200 per year for a small shop to several millions US Dollars for a large multinational company. In the years up to 2000, the government was eager to have small and medium size businesses from wherever they could get investors.

Then, with real estate appearing as a lucrative opportunity, the focus shifted to bigger, branded, UAE businesses and the market changed forever – especially for the small and medium business owners, as did the sponsorship fees

It is much easier now to obtain a license to do business with the several Free Zones springing all across the UAE, but the visa costs have gone up 8 times in the last 12 years as have the Trade License annual fees. Free Zones – at last count 28, act as UAE business centers and make life easier for the foreign investor and provide excellent world class facilities.

In addition, foreigners can own 100% of their companies in the Free Zones as opposed to only 49% when they incorporate a UAE business in the country. But there is still a Sponsor – The Free Zone Authority where you are incorporating. Many multinational companies have set up shop in the free zones. UAE business is simple after the first year of getting your ‘Sponsorship Agreement’, office space, your ‘Trade License’, ‘Labor and Immigration computer cards’, your own ‘Investor visa’ stamped in your passport, your ‘Driving license’ and your bank account.

Dubai Company Formation Online Resources

Dubai Chamber Economist – Dubai Chamber
Economic Research in Dubai – Dubai Chamber
Economic research and studies from Dubai – Dubai Economic Department
Investing in the UAE – UAE Ministry of Economy
Free Zones in the UAE – UAE Interact
Statistical surveys in the UAE – Dubai Statistics Center
Why invest in Dubai – Dubai Health Authority
Dubai for business – Dubai International Finance Centre

LLC Company Formation Dubai : LLC Company Formation in Dubai UAE. LCC Company Formation Procedure Cost, Price, LLC Company Formation Agents & Consultants

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LLC Company Formation Dubai

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LLC Company Formation Dubai : LLC Company Formation in Dubai UAE. LCC Company Formation Procedure Cost, Price, LLC Company Formation Agents & Consultants in Dubai UAE.

User Rating: 4.94 ( 536 votes)

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3 Reviews

  1. UAE Yellow Pages Online Directory

    LLC Dubai stands for Limited Liability Company in Dubai. It is the most common form of company in Dubai. We are Dubai LLC Company registration consultants serving local as well as international businesses. Our LLC company formation in Dubai experts; are aware of all the legal structure as well as rules of LLC Dubai. We reduce your set up cost and save your valuable time. We are one stop solution for all sorts of LLC company setup services.

    What we offer for LLC registration Dubai? As we mention that we are the expert of LLC company formation in Dubai. So we offer the following services for LLC registration Dubai. First of all in the first place; we offer our fast services for getting name approvals for LLC Dubai.

    We offer our fast services for getting Initial approval for llc company setup Dubai.
    Our team will also guide you in the selection of activity for your LLC Dubai.
    We provide local sponsor for LLC company formation in Dubai.
    MOA for LLC company registration in Dubai;
    Our services also include to find a nice office for LLC company in Dubai.
    Last but not the least; we offer PRO service’s for LLC company in Dubai.
    Our HR team can also help you in the hiring process.

    Local sponsor for an LLC company formation in Dubai : If you decide to go with LLC company formation in Dubai; then you may be aware that all the LLC company formation in Dubai is requires a local partner. Which is also called Local sponsor.

    In an LLC Dubai local will owns at least 51% of the share. And an expat will own 49% of the share. But this 51% share can be secure with side agreement. Also be careful in taking a local sponsor as he will hold a major part of the share. But you do not need to worry about this thing; our sponsors are very reliable and trust worthy local people. They will not make any problem for you.

    We have a team of expert people; as well as a group of trust worthy local sponsors. As a part of a UAE law every local cannot sponsor every activity. There are special sponsor for special type of activity. Like an engineer require for engineering LLC Dubai; a doctor which is require for clinic as well as hospital; also a RERA attested sponsor for real estate llc; a lawyers require for a law firm and auditors require for an audit firm.

    Luckily we have a panel of all these type of sponsors; they have reputable family back grounds; as well as holding high rank positions in gov’t sector. We will also make sure that we will be a bridge between sponsors and expat investors.

    Benefits of LLC company formation

    LLC Dubai allow you to do local trade as well as local services
    0 capital requirements to setup and LLC company in Dubai.
    The most popular as well as the most common form of setting a company is an LLC Dubai
    It offers supreme access to the wider range of UAE economy
    The investor can get the investor visa without a security deposit in LLC Dubai
    In LLC Company formation, no involvement of local partner in day to day activities

    Let me tell you a key fact of the LLC company formation; that is you can have the option to launch branches in any emirate.

    LLC Company formation is allow to open corporate bank accounts.
    It also allow to avail credit facilities
    Warehouse and office facilities can be avail in LLC formation in Dubai.
    Key question about LLC Company Formation Dubai
    Tell now we have discus a lot of thing about LLC; that is,

    what is an LLC; why it is so common. what are the share distribution. what we can offer for an LLC formation;
    Also we have discus what are the benefits of an LLC. Now it is time to answer some common question; which always our client ask about an LLC Dubai. Following are the main key fact about LLC Dubai

    How many shareholders are requires to setup an LLC company in Dubai UAE? LLC company setup in Dubai is very flexible type of company setup. LLC Dubai must have shareholders between 2 to 50. Each shareholder in an LLC is liable up to the extent of his or her share capital in the company.

    How many managers are allowing in an LLC company in Dubai UAE? A Dubai LLC company should appoint at least one manager and maximum five managers. A shareholder can also be a manager. Under the MOA of an LLC Dubai the manager has full powers for management of dubai llc. The power of the manager depends on the MOA.

    What are the share percentage of local and expat in LLC Dubai UAE? In Dubai LLC company local will hold a major part of the company; that is 51% and expat will get only 49% share of an llc Dubai.

    What kind of activity I can perform in a Dubai LLC company? You can conduct industrial; as well as commercial activities in Dubai LLC Company. But note that you cannot perform professional activities; except few activities like banking, insurance or investment. Dubai LLC company is not allows to do legal consultancy, auditing of financial statements; also accountancy and other type of consulting service.

    How I can select a name for LLC company Dubai UAE? The name of an LLC Dubai company should be the same as the Dubai trade license activity; or it will contain the names of one or more of its shareholder. The suffix “Limited Liability Company” should be added to the Dubai LLC company.

    What are the share percentage GCC national in Dubai LLC Company? GCC nationals are allow to hold 100% share of the Dubai LLC Company. But note that if GCC national has an expat person then they needs a UAE local; he will hold 51% of share and the remaining 49%; will be share among the expat and GCC national.

    If you want to setup company in UAE and you are looking to start business in free zone or in mainland of UAE. Then you are on the right place just fill the Contact Us form or click on a chat button or call on (+971) 56 132 8799 to get free consultation on company formation in mainland, company formation in free zone and on offshore company formation. Also don’t miss this special offer from Shams Consultant.

    Get in touch with us

    Office Address:
    Bayswater Tower Office 1810,
    Al Abraj South Street Business Bay
    PO Box 309071,
    Dubai, United Arab Emirates
    Working days: Sunday to Thursday
    Working hours: 9:00am to 6:00pm
    Phone: (+971) 56 132 8799

  2. UAE Yellow Pages Online Directory

    In a limited-liability company, the minimum number of shareholders is two and the maximum is 50. The liability of shareholders is limited to their shares in the capital. The company may carry on any type of activities except insurance, banking, or money investment. In UAE, The minimum capital requirement law was abolished on 10th August 2009. The memorandum of association must include the following:

    Trade name of the company, its objectives, head office, duration, names of shareholders, their nationalities, addresses, and places of residence; and Amount of capital, share of each shareholder, and a statement of capital paid in kind (if any), names and nationalities of the company managers, distribution of profits and losses which may not necessarily be in the same proportion as the capital, and the adopted method of notification.

    In Dubai, Capital Deposit rule has been cancelled. i.e. Limited Liability Company can be formed without Bank Deposit Certificate and Auditor Certificate. In Abu Dhabi, minimum capital requirement is Dh150,000. The manager of the company will be allowed to operate the account as soon as the incorporation is completed. The Manager of the company can be more than one and he/they shall have all administrative and financial powers. A shareholder may transfer his share in the company or part of it to another shareholder or to a third party. Management is handled by no more than five designated managers, who are not necessarily members of the company. Non-UAE nationals may own up to 49 per cent of an LLC.

    In distribution of profit and loss, foreign investor can have 80% and 20% local UAE sponsor.

    It is imperative that each limited-liability company appoints auditors to satisfy the requirements of the Commercial Companies Act. The law does not permit this form of company to issue share certificates. Evidence of ownership in the company is related and evidenced by the percentage contributed, assigned, or transferred in the share capital.

    Steps of forming a Limited-Liability Company (LLC)

    Name reservation from Department of Economic Development (DED) or Ontime office at Business Village near Clock Tower or Tas’heel Centre at Al Tawar Centre, Qusais. Fees: Dh260 including service charge. Foreign/English words and short words/Abbreviation will be charged extra fee of Dh2000 per year at the time of license renewal. First time fees should be paid along with first license fees.
    Note: Trade Names that cannot be reserved: Name of country, Name of Continent, Famous regions and Towns, Colour (blue, red etc.).

    Initial Approval for activity from Department of Economic Development (DED). Initial approval fee Dh110 to be paid at DED.

    Documents required for initial approval: Filled form, Passport Copies of Partners, Naturalization book’s (Jinsiyya) copy of Local Partner, No Objection Letter from the sponsor for expatriate partners (NOC is not required for visit/Tourist visa holders and their visa copy should be attached). If UID Number is not mentioned in the Visit/Tourist/Transit visa, it has to be collected from Immigration Department on payment of Dh130.
    Some activities require initial approval from concerned departments (eg. Municipality, RTA, National Media Council etc.)

    Preparing Memorandum of Association (LLC Agreement)

    Attestation of Memorandum of Association from Notary Public. As per the new rule, the court agreement must be typed by legal translator or get seal and signature of the legal translator on the agreement if it is typed from normal typing centre.

    Tenancy Contract (It is suggested to contact the counter of the Planning Dept. of Dubai Municipality, at the Department of Economic Development, on Telephone No. 04-2020105, or the Municipality’s Telephone No. 04-2063788, before leasing the premises in order to ensure that it is suitable for the business). Get approval on Tenancy contract from Planning Dept. of Dubai Municipality at DED.

    Submit Initial approval, Name reservation certificate, Attested Memorandum & Tenancy Contract at Department of Economic Development.

    Payment voucher will be issued same time or can be printed from DED Website after two days.

    Special approval required for certain business activities from the concerned authorities

    Tourism Companies
    For Inbound Tou rism Dh100,000 to be deposited in Bank
    For Outbound Tourism Dh200,000 to be deposited in Bank
    These deposits are irrevocable till the license cancelled.

    Travels
    For Travel Agency Dh100,000 to be deposited at Department of Tourism & Commerce Marketing. This deposit is irrevocable till the license cancelled.

    Building Contracting Companies
    For Building Contracting Company License, Dh10,000 to be extra at the Department of Economic Development when the license issued first time. Office area should be minimum 1500 square feet.
    Engineering Consultants: Minimum office space 1000 square feet required.

    General Trading
    For General Trading License, Dh15,000 to be paid extra at the Department of Economic Development when the license issued first time.

    Customs Broker
    Dh50,000 to be deposited at Dubai Customs. This deposit is irrevocable till the license is cancelled.

    RTA Activities (following fees to be paid for RTA initial approval)
    Rent a Car: Dh5000
    Bus Rental: Dh1000
    Passenger Transport by rented Buses: Dh1000

    Telephones & Telecommunications Equipment Trading
    Dh5500 to be paid at Telecommunications Regulator Authority (TRA). This is one time fee.

    Security Service: Property guard & Surveillance Services, Party security & private guarding services
    Initial approval from Department of Protective Systems, Dubai. Tel. 04-2048312

    Oilfield & Natural Gas related activities
    Initial approval from Ruler’s Court

    Money Exchange
    Initial approval from Central Bank of UAE and Department of Protective Systems

    Jewelry, Mobile SIM Card Trading, Stamp & Seal Making
    Initial approval from Department of Protective Systems

    Supermarket
    For supermarket, minimum 2000 square feet area is required.

    Electrical Fitting Contracting: minimum 360 square feet area is required.

    Frequently Asked Questions
    Q: How many managers can be put in the Memorandum of Association?

    A: Minimum one and maximum five. Article No 235 of the Commercial Companies Law states the following: “A LLC shall be managed by one manager or more, who shall be selected from the partners or otherwise, provided that they do not exceed five. Managers shall be appointed in the Memorandum of Association of the company or in a separate contract for a specific period or without limitation.”

    Article No 236 of the same law states that if a manager is appointed in the Memorandum of Association without limitation of a specific period, in such an event, the manager shall remain in the company for the duration of the company unless the Memorandum of Association provides for the possibility to remove the individual.

    Source: Visaprocess

  3. UAE Yellow Pages Online Directory

    LLC Company formation in Dubai UAE : Most of the business man like to setup their business in Dubai; that is in a local market. In Dubai there are a lots of prospects for business setup. So, many business men are keen to set up their business in Dubai. If you are planning to setup a company in dubai; then you have to select a best suitable structure for your business

    A local sponsor is require to set up an LLC company Dubai. That is he will act as a co-owner of the business. But, expats has full control in terms of the profit sharing; as well as carry out on his business tasks.

    LLC Company formation in Dubai UAE : An LLC company formation in Dubai needs at least 2 and at most of 50 share holders. It this point let me tell you one more thing; or you can say one more point about LLC Dubai. You need to keep in mind. Which I think is a key point for all of the LLC Dubai set up clients; and also I think it will work to see the whole process of the LLC Dubai set up; and show the entire thing in clear way; that is Dubai LLC company needs at least one local partner.

    That is Local partner will hold at least 51% of share in the company. There for, expat partner will hold 49% of share in the company. Dubai LLC may carry on any type of business except; that is an insurance, an investment as well as banking.

    Capital requirement for LLC Company setup Dubai UAE : An LLC company setup Dubai do not needs any capital also no deposit in bank. Thus, in Dubai an LLC can be set up without a Bank Deposit. But in Abu Dhabi capital requirement rule is still exist. That is a 150,000 AED share capital requires to setup an LLC Company.

    It this point let me tell you one more thing; which i think is a key point for all of us; that is the GM of an LLC is responsible to run the bank account; that is for an LLC Company setup dubai. LLC Company can have manager from 1 to 5. Thus, Manager can have all financial and administrative powers. A share holder in LLC Company may allow to transfer his share or part of it to another shareholder.

    Can a non-UAE national open LLC Dubai without a local partner or local services agent? No, all LLC Dubai require a local partner. It this point let me tell you one more thing or you can say one more point; which i think is a key point for all of us; and also i think it will work to understand the whole case; and show all the thing in clear way; that is a Local partner will hold 51% of share in a company capital. However, in the case of professional licenses a UAE national can either be a partner or a local service agent.

    What kind of trading activities a Dubai LLC Company can conduct? In principle, there is no restriction on LLC Dubai to perform trading activity. However, Dubai LLC company are not allows to perform ban activities in the areas of banking, investment and insurance. Industrial activity require a special licensing procedure.

    However, they can operate as a LLC Dubai and enjoy exemptions and subsidies in particular; as opposed to pure trading enterprises.

    Are there legal possibilities for the controlling stake position of a local partner in a Dubai LLC company? The MOA act as constitution for Dubai LLC Company. It is governing the internal organization belongs to its partners. Furthermore, MOA regulates the rights and duties of the partners generally. Thus, it creates right and responsibilities between them and LLC Company respectively.

    The rights define in MOA are directly enforceable on all partners. Therefore, a care full well written MOA will strengthen the position of foreign partner. A company contract will fix the distribution of profit and loss.

    Thus, Deviations of a ratio of up to 80:20 for the benefit of the foreign partner are permissible. It is not possible to exclude a partner entirely from the appropriation of the financial results. However, a foreign partner can take a part of the profit as a salary. The foreign partner can manage the entire business. Every partner will attend the general meeting of the company.

    Is it possible to establish a LLC company in Dubai for professional activities? No, LLC Company in Dubai can only do trading and as well as an industrial activity. Professional activities are only allowed for civil companies.

    What are the requirements for establishing LLC companies in Dubai UAE? To set up an LLC Companies in Dubai you need to follow the following main steps. First of all choose from a commercial; an industrial or a professional for an LLC Dubai.

    Choose the type of business works for an LLC Company in Dubai. Define all the business work. Because, a Dubai LLC can carry on more than one activity; that is subject to a maximum of 10 activities.

    Select your business legal form taking into concern the desire business activity.
    define all requirements and also define all conditions require for an LLC company formation in Dubai. It this point let me tell you one more thing; that is Select the trade name for an LLC Dubai.

    Submit an application for an initial approval. That is you can submit application in the DED offices; or you can also use the internet and online form to submit request. You can also use document clearing service; or You can also use legal consultant’s office for submission of documents.

    Next step is to register a trade name; that is after getting an initial approval.
    Lease a business premises. We recommend to visit the Planning Dept. of Dubai Municipality. So that, to verify that premise is suitable for the business. You can also take the help of business set up consultants before leasing premises.
    Prepare all the documents.

    Such as, MOA and other approval, which are necessary in each case. For example, to carry on a media activities; an approval requires from Ministry of Information and as well as Culture. You will receive documents through a mail. If you have paid the required fees directly through Internet.

    Submit an application to the Department to obtain a final license. Pay the require fees and collect your license.

    Dubai LLC licence fees : The most common question which people are asking about Dubai llc licence fees are : Dubai company formation cost, Dubai company registration cost, Trade license Dubai fees, Dubai llc licence fees, Dubai business setup cost, Business setup in dubai cost, Dubai company registration fees and Trade license dubai fees

    Initial approval fee : 310 AED
    Trade Name Approval and Reservation : 660 AED
    Licensing & registration fee : 10,000 AED
    Labor Card Fee : 2,500 AED
    Court Notarization Fee : 1500 AED
    Local Sponsor (Emirati) Fee : 8,000 AED
    Immigration card fee : 1,000 AED
    PO Box and Company Stamp Fee : 900 AED
    RERA attestation : 200 AED
    NET Total Cost for LLC Company Formation in Dubai : 25, 070 AED

    Does foreign companies require a “sponsor” for all types of LLC company formation Dubai UAE? As a rule, a local person will act as a partner in dubai llc. However, a local sponsor will act; that is like a non-active partner of the company. Some time, we also called a sleeping partner. It this point let me tell you one more thing; which is a key point for all of us; that is as per U.A.E Law, expat can only hold 49% share in LLC company formation Dubai. So, a local sponsor must hold a at least of 51% of the company capital. In a representative office, a branch office as well as in a professional license expat can hold 100% of share. But, it still requires a service agent to represent them in Legal departments.

    Can a foreign company choose LLC formation in Dubai for their commercial activities? The LLC formation in Dubai is one of the 7 type of commercial entities; that is provide by the Company Law. Most of foreign investor choose LLC set up structure; that is because of, its flexible structure. However, LLC Dubai is limits to an activity; such as, trade as well as to an industrial works.

    A legal definition of “trade” is define in a Civil Code. Trading does not include services and consultancy. For example, A medical services, An education services or An academic services as well as a skill profession. There are other types of company that can perform such activities.

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