How to Start a LLC Company in Dubai?

The most prevalent type of company in the UAE is the Limited Liability Company (LLC). LLC Company Formation in Dubai can be implemented by a minimum of 2 shareholders and a maximum of 50 shareholders whose liability is restricted to their company equity shares

One of the ways to set up a business in Dubai is an LLC Company Setup.

Since this is the only alternative that provides maximum legal ownership, which is 49 percent, to an expat for a local business in UAE, most businesses with foreign partners opt for a LLC company in UAE.

Since it is obligatory to have a UAE national as a partner in the LLC Company Formation (51% shareholding), the potential shareholder has the choice of choosing the one UAE local (sponsor) as a partner in the firm.

Dubai's LLC setup is flexible and arrangements for differential profit sharing are also very feasible. This gives the foreign investor a huge advantage as a local partner has 51 percent legal equity.

Below are the steps for LLC Company Formation in Dubai

·         Registering the business with the Department of Economic Development (DED Dubai).

·         Drafting and notarizing the company’s Memorandum and Articles of Association.

·         Submitting all the required documents and business license application form with the Department of Economic Development (DED).

·         Registering with the Dubai Commercial Register

·         Upon incorporation, registering one’s employees with the Ministry of Labour and General Authority for Pension and Social Security

Benefits of an LLC Company in Dubai

·         Dubai LLC Company provides exceptional access to the overall economy of the UAE.

·         No particular minimum capital required.

·         Investors are able to handle the company without the local partner's daily interference.

·         Convenient for opening corporate company bank accounts along with easy credit facility accessibility.

A Dubai-based LLC company is perfect for a UAE business or company seeking to deliver consulting services as a credible joint venture partner with an Emirati national.

LLC company in Dubai provides different tax benefits For instance, Dubai businesses registered in most sectors are not subject to corporate taxes, apart from oil and petroleum taxes. A latest shift in tax law, however, launched the VAT, which is levied at a very small rate. Dubai's VAT is 5 percent.

In addition to this tax, the limited liability company in Dubai provides numerous benefits, including the free repatriation of revenues when established by foreign investors and falling within the dual tax treaties of the UAE.

Trading, industrial and commercial licenses are the most important business licenses that can be acquired with the help of a limited liability company in Dubai.

If you want to setup a business in Dubai and decide on a LLC Company, our professional business setup consultants can guide you set up in Mainland Dubai or any free zones in UAE.

For more information on LLC Registration in Dubai or Dubai LLC License Fees log on to www.pmcsolutions.me or contact us at +971 588 631 656 or email at setup@pmcsolutions.me

PMC Solutions DMCC are the trusted business setup consultants in Dubai, UAE. They provide consultancy and PRO Services in Dubai and are located in Almas Tower, JLT, Dubai.