Limited Liability Company (LLC) Formation in Dubai – All You Need to Know
A Limited Liability Company in Dubai is the most preferred type of company by many entrepreneurs as it involves an easier process and offers a host of economic advantages. An LLC company in Dubai provides flexibility as an enterprise, offering the advantages of a corporate structure and a business partnership.
At Vertex Global Consultants, it is our mission to help entrepreneurs looking to put up a local business within Dubai and make the experience as smooth, efficient and hassle-free as possible. Right from the initial consultation up to the actual set-up of the LLC company in Dubai, our clients benefit from a comprehensive and streamlined service, implemented by the industry’s most experienced business set-up specialists.
We’re ready to talk when you are. Our experts will guide you through the enterprise options available to you and assist you in determining the most feasible and profitable type of company formation for your business. If you’re considering an LLC company formation in Dubai, below is an overview of its structure and advantages to help you get a clear view of its organisational core and functions.
Structure and benefits of an LLC company formation in Dubai
Forming an LLC company in Dubai gives entrepreneurs maximum legal ownership of their local business through 49 percent ownership of the company’s shares. LLC companies require local partnership with a UAE national, who will hold 51 percent of the shares. These companies can be formed by a partnership of a minimum of 2 people up to 50 shareholders.
In this form of partnership, the local Sponsor receives a fee, the amount of which can be determined and stated in the legal agreement you will sign and enter together, prior to setting up the company. The fee can be arranged as a fixed annual fee, a certain percentage of the company’s profits, or a certain percentage of the company’s sales. Most LLC type of companies implement the fixed annual fee structure as it does not require the foreign owners or investors to disclose their accounts.
Though an LLC company is made up of shareholders, its operations and management can be entrusted to the foreign partner, the national partner/s or a third party.
LLC companies are authorised to engage in any business activity or industry, with the exception of banking and monetary investments on behalf of insurance companies and other parties.
Entrepreneurs who choose to set up a Dubai LLC company get access to the following incentives:
- 100 percent exemption from tax
- 100 percent repatriation of capital funds and profits
- No minimum amount required for capital
- Investor can assume Partner position in the company
- Company can hold an unlimited number of offices and/or properties in UAE
- Company can obtain unlimited number of visas (depending on size of the office space)
- Investors can open office branches
- Investors can obtain a UAE residence visa and for their families as well
- Ease of opening global and local corporate bank accounts
- More freedom on business activities
- Minimal nationality restrictions on ownership and visas
Our LLC formation specialists will be with you from start to end of the process
With their deep understanding of the local market, our business set-up specialists can provide the support and expert advice you need in establishing an LLC in Dubai. We offer an organised and integrated service that covers the following requirements for LLC companies:
- Screening & selection of local sponsor
- Determining the company or trade name
- Approval from Licensing Department and Economic Department
- Attestation of a Memorandum of Association (MoA)
- Registration of the LLC in the Ministry of Economy and Commerce
- Opening local and/or global bank accounts
- Finding a strategic office space
- Facilitating visa applications
We will also provide you with all the information you need prior to starting, so you can weigh your options and make informed decisions. From the steps and paperwork involved to identifying the Dubai LLC license fees and deadlines, we will make sure you are able to comply with all legal requirements within your ideal timeframe. Generally, LLC companies can be formed and set up between two to three weeks from the date when all required documents have been submitted and duly received.
Experienced and qualified specialists from Vertex Global will facilitate the process on your behalf, in order to ensure the success of your endeavour whilst reducing the possibility of errors, delays and additional costs.
Get in touch with us
Are you ready to start your LLC company? Do you need further information on LLC company formation in Dubai and the processes involved? We’re more than happy to help you! Get in touch with our team through +971 04 329 6687 / 0565846663 / email@example.com to know more about forming an LLC within Dubai or the UAE.