Office No: 208, Rawdat Al Wasl Bldg, Near Mazaya Center, Business Bay, Dubai
042690673

Mainland Company Incorporation

Limited Liability Company

LLC company formation Dubai: Background
Dubai joined the UAE in 1971 after the British forces left the Middle East. It was one of the first to join among the seven Emir ruled states – or Emirates. [Abu Dhabi, Sharjah, Ras Al Khaimah, Ajman, Umm Al Quwain, Fujairah, in addition to Dubai.] Though UAE is under the complete control of the Federal Supreme Council. Each of the 7 rulers are members with 1 vote each. Dubai has a high level of autonomy. Dubai, as we know, is famous for its breath-taking skyline, beaches and trade and commerce. Working conditions in Dubai and the UAE, are different to that of other countries and if you are planning to invest there you should be aware of the terms and conditions of ‘Sponsorship’. The climate in Dubai is subtropical and you get clear skies throughout the year with very little rainfall and that too in winter. Summer temperatures are extreme, with scorching hot days and mild winters. The population of Dubai consists of people from more than 150 countries including from Egypt, Palestine, Syria, Iran, Jordan, Sudan, China, India, Pakistan, the United States, Eastern Europe and the members of European Union. Limited Liability Company (LLC) is the most common form business in UAE. A Limited Liability Company can be formed by a minimum of 2 and a maximum of 50 shareholders whose liability is limited to their shares in the businesses capital. Most companies with foreign partners have opted for the Limited Liability Company, due to the fact that this is the only option that’ll give maximum legal ownership i.e. 49% to the expatriates for a local business. As it is mandatory to have a UAE national as a partner in the LLC (51% shareholding) prospective investor has the option to choose the one UAE national (sponsor) as a partner in the company.
The licensing Authorities

  • Dubai: Department of Economic Development
  • Sharjah: Economic Development Department
  • Abu Dhabi: Department of Economic Development
  • Other Emirates: Municipality/ Chamber of Commerce

What are the benefits of UAE LLC?
o While foreign equity in the company does not exceed 49%, profit and losses can be shared at a ratio
different from the share capital
o The most popular method of establishing a commercial company in UAE
o UAE LLC offers unrivalled access to the wider UAE economy
o No specific minimum capital requirements
o The investor becomes the partner in the company
o The investor gets the investor visa under which he/her enjoys the investor’s status in the Emirates
along with his/her family

o The investor has the option to commence branches
o The investor can manage the business without the day-to-day interference from the local partner
o The assets and capital created will be in the name of the company and not in the name of the local
national partner
o Few activities are restricted
o Easy to open global /local corporate bank accounts and avail credit facilities

Our Services
o Getting approvals and clearances from various departments,
o Drafting Memorandum of Association and other necessary agreements
o Help to bring local equity
o Suggesting and helping to Locate local partners
o Assistance in opening Bank Accounts
o Provide options for the best Suitable Office Space
o Handle other documentation formalities.