LLC Company Formation
Dubai is a thriving business and investment hub. It now serves as the heart of the international business community for foreign and local investors.
With attractive tax regulations and an ever-flourishing environment for your company, a business setup in Dubai is the way to go!
The Limited Liability Company (LLC) is the most common form of company formation on the UAE Mainland. Governed and regulated by the Department of Economic Development, LLCs are the most popular structure.
Important features of an LLC company:
- Built with a minimum of 2 and a maximum of 50 shareholders.
- The growing popularity of LLCs in Dubai is credited to the benefit of having limited liability protection, which allows investors to safeguard their personal assets in case the business incurs a financial loss.
Setting up an LLC is quite straightforward. However, due to the nature of UAE laws, it can be easier if you have the support and guidance of a business consultancy.
Contact our expert team to get a quote tailored to your business setup needs!
Benefits of an LLC Company Formation in Dubai
The LLC company formation in Dubai can prove to be beneficial in the long run. Some of the common benefits of establishing a LLC company include:
1. Range of Business Activities and Locations
An LLC has the freedom and luxury to set up and operate from anywhere in the country. A free zone company can only operate in and deal with other companies in the particular free zone. LLCs on the mainland enjoy the benefits of trading without restrictions.
2. Obtain Multiple Visas
As the owner of an LLC company, you are eligible to apply for an investor visa, which allows you to reside in the country for three years. With this visa, you can then apply for indefinite family and employee visas.
3. 100% Foreign Ownership
Several company license categories will no longer require a UAE national sponsor. This allows 100% foreign ownership in non-free zone enterprises.
4. Tax Benefits
LLCs in the UAE are 100% tax-free and do not pay taxes on any income.
Document Requirements:
Submitting the right documents is key to ensuring that there is no stone left unturned in your application process.
Below are the documents required to setup an LLC company:
- Passport copy of the investor
- Trade name reservation
- Tenancy contract attested by Dubai Municipality’s Planning Department and Civil Defense Department
- Passport copy of the manager
- Initial approval from the Dubai Economic Department
- Memorandum of Association attested by the Public Notary
Steps to Open an LLC Company Formation:
Investors interested in an LLC company formation in Dubai need to have the right set of documents in place in order to have their application processed without delays. While the turnaround time for an LLC company registration is much quicker than that of others, the process can still be prolonged if all the right documents aren’t submitted. We know how overwhelming this can feel, which is why we aim to simplify the process as much as possible to make it easier to understand. Here are the steps that are required for an LLC company formation in Dubai.
- 1. Select a trade name and business activities that your LLC will be involved in.
- 2. Choose a location where your company will be based. This is usually finalized based on your business type and activity.
- 3. Fill out your application form and submit your documents to the Department of Economic Development.
- 4. If your business conducts activities that require special permission from external authorities, this is when you must seek approvals for the same.
- 5. Once you’ve received approvals from all necessary government entities, you can then proceed to launch your business in full swing
Setting up a business in Dubai might be stressful, but it’s an exciting experience to embark With Business Link as you will have assistance each step of the way throughout your LLC company formation process. We are ready to go the extra mile for your business needs. Book a free consultation with our team, and let’s build your empire.
