The United Arab Emirates with an amazingly high level of autonomy is famous for its cultural diversity, breathtaking beaches, serene skyline and commerce and trade. As compare to other countries, the region offers multiple options for foreign investors and you should be aware of all the terms and conditions the law imposes on the entrepreneurs for company formation in Dubai.
The LLC company allows having a flexible profit sharing among sponsor and expatriating. The UAE national can be offered a fixed fee annually with a percentage of profit or sale.
It is one of the most popular methods because through this, the investor don’t have to disclose the assets or accounts.
The arrangement of the fee is the part of legal arrangement which you sign with any reliable sponsor for LLC company formation in Dubai.
A limited liability company can be easily and conveniently formed by the participation of minimum 2 or maximum 50 persons whose responsible for the share in the capital’s company owns.
Dubai is a land of Opportunity and has always help Investors looking out for setting up a Business in different sectors. The authorities in Dubai have created an environment for investors by laying down certain guidelines and processes listed in DED (Dubai Economic Department) which is fruitful and informative. We at PRO Desk Documents Clearing Services help investors across the globe to set up a new company formation in Dubai and Free Zones depending on the requirement and value for money.
There are various options available in UAE for the Investors and International companies looking out for establishing a business relation in this region. The Investor can opt for either Mainland License or Free Zone license.
Doing a business in Dubai have a good exposure to entire GCC, Middle Ease and MENA region. Investors over the world coming in this region always want to have vital partner in providing a smooth and healthy business relationship in this region. At PRO Desk we understand the client needs and help them complete the entire process of issuing the license and PRO services. We also help clients in providing Local Emirati as a Partner or Local service agent to sponsor the license for company formation in UAE.
Having 100% Ownership in LLC
It is possible without Local sponsor for the below options:
- In Any Free Zone Expat can be 100% Owner
- Company owned by GCC national
- Branch of a Foreign company
- Representative Office of Foreign Company.
Limited Liability Company Formation in UAE
In Dubai Mainland LLC formation falls under Commercial category and can be formed with a minimum of Two shareholders or a maximum of 50 shareholders in the license. The liability of the shareholder is limited to the shares invested in the company. In this license the 49% shareholders can be an Expat and 51% shareholder can be a Local Emirati for company formation in Dubai.
At Present there is no need for Minimum capital requirement to form the company as in August 2009 the minimum capital requirement law was abolished. In this license the Partners can appoint a Manager to run the business among them or to a third party. The minimum share required to get a Partner Visa in LLC is 24% in the license.
How We Assist in New Company Formation in Dubai
To form a LLC license we at PRO Desk assist in setting up a business in Dubai by following the below steps:-
Trade Name Reservation
- The first and foremost step in registering the License in DED is to select a name and it needs to be approved by DED.
- On completing the Trade name reservation, we need to get the Initial approval for the activity from DED.
Drafting of MOA & Legalisation
- On receiving Initial approval, the MOA needs to be drafted in English & Arabic and get it notarised from Dubai court.
- The Tenancy contract required to submit the documents to the DED for final approval. Minimum of 200 square feet is required.
- On submitting all the above documents the company will be registered in the Commercial Register. The license will then be issued by the DED.
Contact our expert team today for LLC company formation in Dubai