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LLC Formation in Dubai
Setting up Business is an integral decision as many entrepreneurs and investors are eager to establish their business across Dubai.
Why Dubai?
UAE offers all the advantages of a highly developed economy to the incoming business. The infrastructures and services match the highest international standards, facilitating efficiency, quality and service.
Benefits of setting up business in Dubai are:
- Highly developed transport Infrastructure
- High quality residential accommodation and office
- Top International conference venue and exhibition
- First Class hotels, school and Hospitals
- Modern efficient communication facilities
What is LLC?
Limited Liability Company is the most common form of business in UAE. An LLC can be formed by a minimum of 2 and a maximum of 50 shareholders whose liability is limited to their shares in the business capital.
The formal shareholding pattern for an LLC is a follows:
- UAE National – 51 %
- Non- UAE National- 49 %
** In distribution of profit and loss, 80% to the foreign investors and 20% to the UAE local sponsor.
Dubai Mainland license composed three categories:
- Commercial license– covers all kinds of trading activity
- Professional license– covers professional services, craftsmen and artisan
- Industrial license-for establishing industrial or manufacturing activity
Documents required to obtain LLC license
For UAE Resident
- License Registration Form
- 3 proposed Name/s
- Valid passport, visa page and Emirates ID copy
- NOC from current sponsor
- List of Activity
- Clear Copy of Partner/s and Local Sponsor with Signature Page- valid at least 6 mos.
For Non – UAE Resident
- License Registration Form
- 3 proposed Name/s
- Valid passport
- Visit Visa
- List of Activity
- Clear Copy of Partner/s and Local Sponsor with Signature Page- valid at least 6 months.
How to Form LLC?
- Select business activity
- Select trade name
- Apply for initial approval
- Prepare court agreement
- Establish business location
- Submit & get approval
- Issue payment voucher and pay license
What LLC can offer?
- LLC formation in Dubai offers the entrepreneurs access to the wider UAE economy along with the Dubai market.
- LLC also offers an investor’s status to the partners in the company and they can also bring along their families, obtaining visas which is an easy process.
- Can open office in Dubai.
Choose AURION as your consultant!
Aurion Business Consultants has registered over 1200 companies in Dubai. Being in a consultancy firm we guarantee to treat our clients as our partner and help to set up your company with a minimum documentation without any hassle.