Why Limited Liability Company (LLC) Formation in Dubai
Dubai LLC Companies formation allows to come up with real flexible, differential profit sharing arrangements & Contract with your UAE National Sponsor. The Investor can be paid a fixed annual fee, a percentage of sales or a percentage of profits.
In UAE Fixed annual fee is the most popular method because then you do not have to disclose your accounts to any one like your Sponsor.
Fee Arrangement can be part of the legal agreement you sign with your Local Sponsor. LLC … Limited Liability Company can be formed by a minimum of two and a maximum of 50 Partners, All partners have liability is limited to their shares in the company invested capital. Business setting up in Dubai is more Beneficial, because Dubai is Tex free Country and A big hub of Trade in between of Asia and US or Western Europe.! shareholding pattern for a Dubai LLC formation will be:
Local Limited Company Setup in Dubai
- UAE national Sponsor 51%
- Foreign Shareholder (s) 49%
In UAE Seven Categories of Business Organization, which can be established in the UAE. It sets out the requirements in terms of shareholders, directors, minimum capital levels and incorporation Procedures.! General Partnership Company
- Limited liability Company (LLC)
- Public Shareholding Company
- Joint venture Company
- Private Shareholding Company
- Share Partnership Company
- Legal Structures for Business Set up.!we take care of all the legal requirements for setting up a business in Dubai.In order to provide maximum benefit to the business owners.
- Submit proposed company name and registration application to the Department of Economic Development (DED).
- Get the company’s Memorandum of Association in DED Notarized.
- File documents of the company with DED to obtain trade license from the Chamber of Commerce and Industry.
- Create a name board.
- Submit the application at the Ministry of Labor for Establishment Card.
- Ensure registration of native workers with the Ministry of Labor and General Authority for Pension and Social Security.
Type of LLC Company Licences!
- we take care of all the legal requirements for setting up a business in Dubai.In order to provide maximum benefit to the business owners.
- Commercial Licenses — Includes all kinds of trading activity.
- Industrial Licenses — for setting up manufacturing or an industrial activity.
- Professional Licenses — Encompassing Artisans, Craftsmen, Professions and Services.
|Activities.!||Licensing Ministry / Department|
|Medical Pharmacy etc.||Ministry of Health|
|Telecommunication Equipment.||Ministry of Communication|
|Air Transport, Air Cargo etc..||Dept. of Civil Aviation|
|Financial Institutions, Banks, Money Exchange, etc..||Central Bank|
|Agriculture, Veterinary, etc..||Ministry of Agriculture|
|Engineering and Constructing, etc.||Municipality|
|Legal consultancy.||Ruler’s Office|
|Education, Training etc.||Ministry of Education|
|Publishing, Printing, Newspaper, Advertising, Video Film, Photography, etc..||Ministry of Information|
|Branch of Foreign Company, Insurance Company, Chartered Accountants Firm, etc..|
|Customs Clearance, Freight Forwarding Sea Cargo, etc..||Ministry of Economy – Seaports and Customs Authority|