SET UP AN LLC(LIMITED LIABILITY COMPANY) IN DUBAI
Entrepreneurs who are looking to start a business in Dubai, Abu Dhabi, Sharjah and the UAE, typically prefer to set up an LLC (Limited Liability Company). This structure provides companies with complete freedom to function in the UAE market while limiting the liability of the shareholders to their own share capital in the company.
What are the benefits of setting up an LLC in UAE?
An LLC limits the liability of the shareholders to their shares in the company’s capital. This structure is allowed to hold most types of activities except for specialised ones like banking and insurance. Also, an LLC can legally trade anywhere in the UAE, including the Free Zones. There is no restrictions on the location where the company can rent or buy office premises.
How to set up an LLC in the UAE?
The basic process for setting up an LLC in the UAE is as follows:
- Firstly, understand the Activity group that your business activity fits into. For more information, head to our License & Activity Group page.
- Then, understand how you wish to hold your shareholding in the LLC company.
- Next, engage a Local Partner (Emirati National) who holds 51% equity in the shares of the LLC company.
- In addition, reserve your company name at the Department of Economic Development (DED).
- Furthermore, draft your Memorandum of Association, and have it signed at the Notary with all partners present.
- In addition, obtain regulatory approvals linked to the specific nature of your business and activity selected.
- Then, arrange a lease agreement with the initial approval documentation.
- Upon completion of the above, Submit to the Economic department for issuance of trade license
- Against completion of above, setup immigration and labour company files
- Finally, once the license is issued, the company is registered with authorized industry & commerce department.
Why choose ACT PRO & Business Services for setting up your LLC in Dubai & the UAE?
- We provide free corporate sponsorship services with our annual pro services contract.
- As a result, save money with our free sponsorship services.
- Also, enjoy both options of indiviudal and corporate sponsorship services in UAE to represent the local partner.
- Likewise, feel safe knowing you have the maximum powers and support documentation to secure your rights in the LLC.
- Dedicated Expert Account Manager to manage your LLC Setup.
- Timely reminder for all renewals and updates from DED.
- 100% Transparency – Copies of Original bills from Government Agencies.
- Full consultancy and support through the entire process.
- Provision of all relevant information to make an informed decision.