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HOW TO SET UP AN LLC IN DUBAI, ABU DHABI, SHARJAH
LLC (Limited Liability Company) Formation in Dubai
Department of Economic Development
is the regulatory body for LLC company formation in Dubai.
Limited Liability Company (LLC) is one of the most commonly formed entities in Dubai, UAE. An LLC company is a flexible type of enterprise combining the features of a partnership and corporate structure.
The rules governing LLC company formation in Dubai as well as the steps involved are comparatively simple. It can be formed with a minimum of two shareholders and a maximum of fifty shareholders whose liability is limited to their shares in the capital of the business.
Being a flexible form of company, it allows for differential profit sharing arrangements.
It is mandatory for a Limited Liability Company in Dubai to have a UAE national holding 51% of the shares of the company. The remaining 49% of the shares will remain with the investor.
The formal shareholding pattern for an LLC company in Dubai is as follows:
- Local Partner (UAE Sponsor) – 51%
- Foreign Shareholder(s) – 49%
LLC Company Formation in Dubai and the UAE.
Following are the basic process for setting up an LLC in Dubai and the UAEs:
- First, you need to understand the activity group that your business activity falls into. For more information, head to our License & Activity Group page.
- Then, you need to understand your requirements in regards to your shareholdings in the LLC company.
- After which, you will need to engage a Local Partner / Local Sponsor (Emirati National) who holds 51% equity in the shares of the LLC company.
- Next, reserve your company name at the Department of Economic Development (DED).
- Then, draft your Memorandum of Association, and have it signed at the Notary with all partners present.
- The next step is, to obtain regulatory approvals linked to the specific nature of your business and the activity selected.
- Then, you need to arrange a lease agreement with the initial approval documentation.
- Next, submit the documents to the Economic department for issuance of trade license.
- After completing the above steps, you need to set up immigration and labor company files.
- Lastly, upon issuance of the license. You need to register the company with the authorized industry & commerce department.
Why choose Ultra Transaction Service & Business Services for setting up an LLC in Dubai & the rest of the UAE?
- We provide free corporate sponsorship services with our annual pro services contract. This helps you save money on sponsorship services.
- Also, enjoy both options of individual and corporate sponsorship services in the UAE to represent the local partner.
- With Ultra Transaction Service, you can relax and feel safe knowing that you have the maximum power and support documentation to secure your rights in the LLC.
- Additionally, you get a dedicated Expert Account Manager to manage your LLC Company formation in Dubai and UAE.
- You also get timely reminders on your license renewals with the economic departments in Dubai, Abu Dhabi, and Sharjah.
- 100% Transparency – Copies of Original bills from Government Agencies.
- Besides the above, you get complete support and consultancy through the entire process.
- Provision of all relevant information to make an informed decision.
Need help with Dubai LLC company formation? Contact Ultra Transaction Service & Business Service provider for help with your LLC company setup. Making sure, you get the correct information from our specialists on business set up in Abu Dhabi, Sharjah and the UAE.
To know more about LLC Company formation in Abu Dhabi, Dubai, and the rest of UAE, fill out our contact form. Or contact us on +971509718862, +971025626300, or email us at Business@ultratrasnsactionservice.com