Why Limited Liability Company (LLC) Formation in Dubai mainland and Dubai Free zone Business Setup
United Arab Emirates is the main leading business hub of the world. The UAE is rapidly developing in all regards and is already planning to expand its technology, machinery and resources by 2020. The 2020 Expo will be hosted by Dubai (UAE), which is the most luxurious and popular Emirate of UAE. 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. 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 a shareholding pattern for a Dubai LLC formation will be:
Local Limited Company Setup in Dubai
A Limited Liability Company requires an Emirati Local Sponsor or Silent partner. Percentage of Local Partner describe below.
- UAE national Sponsor 51%
- Foreign Shareholder (s) 49%
After all legal procedures are done for setup limited liability company or LLC Company Formation in Dubai, this local partner or silent local sponser will make a an agreement in the court that he has no involvement in the company and don’t have any responsibility for profit and loss of the Dubai companies or United Arab Emirates any region uae company setup
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.
- Professional License: for non-physical services such as consultancy etc.
- Commercial License: for trading activities such as import and export
- Industrial License: for manufacturing and development activities
- Branch Office License: for managing activities outside the parent branch
- Representative Office License : for marketing purposes of products or services
DUBAI MAINLAND TRADE LICENSES TYPES
There are a few important license types in Dubai Mainland areas, which are different from the licensing options of free zone areas.In UAE (united arab emirates) Seven Categories of Business Organization, which can be established in the Dubai, Ajman, Sharjah, and other UAE region. It sets out the requirements in terms of shareholders, directors, minimum capital levels and incorporation Procedures.! General Partnership Company.
- Sole Proprietor Company 5. Public Shareholding Company
- Partnership-en-comments 6. Joint Venture Company
- Limited liability Company (LLC) 7. Private Shareholding Company
- Share Partnership Company
BUSINESS SET UP JURISDICTIONS IN DUBAI MAINLAND
Dubai is the best place for business in United Arab Emirates that is growing Day by Day developing and offer flexible, affordable offers for all kinds of investors. Dubai is the top ranked business hub in the world because of its developing advanced technology and flexible rules and regulation. Dubai mainland has 8 jurisdictions where a business owner cans his company formation effectively and easily. Find more details about the jurisdictions of Dubai Mainland are mentioned below
Business Setup in Bur Dubai.
Mainland Dubai business formation in bur Dubai, is the best place, due to Bur Dubai is the most historic district situated in Dubai. Dubai Creek is a most attractive place for tourists due to most of museums, heritage sites, and local and traditional shops and fast foods, restaurants, hospitality and tourism industry, tourism company, boutique hotels and can be cafeterias business setup.
Company Formation in Al Qusais
Al Qusais is located between Dubai and Sharjah border, its developing area for residential and industrial zones, Educational institutes, medical and shopping centres and Automotive industry business can be started in the al qusais region. And its cost effective option also.
Company Registration in Deira
Company registration in Deira is ideal for startup dubai companies, SMEs, traders and small shops running the old business culture of the UAE, Deira Dubai area is also cultural and historical place. Famous Whole sales market in all types of product in Dubai, Deira is a good choice for businessmen, investors who would like to start retail and wholesale business in Dubai.
Company Formation in Al Karama ( Dubai)
Al Karama also known as name of Karama is a residential district in Dubai with real estate business opportunity and residential buildings and places. It is close to the famous Dubai Creek Park. It has good opportunities for business owners who want to proceed with their business in real estate services and easy connectivity to the prestigious region of Downtown Dubai.
Start a Company Setup in Business Bay
Best place Business Bay best place located near to Shiekh Zayed Road and perfect district for companies belonging to professional consultancies, financial sectors, hospitality industry, retail industry, and many more activities. Business bay in Dubai has various company formation and business set up centres.
Register a Company on Sheikh Zayed road Dubai
Setting up company registration in Dubai Sheikh Zayed Road is a most luxurious option for many business categories’. Sheikh zayed road is the longest road in the emirate It benefits in trading as this road linked and connected with Abu Dhabi Emirate and Ras Al Khaimah Emirate of UAE. and has numerous business setup centers, world trade center, Burj al Khalifa, Dubai mall, emirates mall, and many more skyline building located in Dubai. Best option for business in Dubai for elite class, multinational organizations.
Company Formation in Jumeirah
Jumeirah is a locality with residential plots and tourism sectors and hub of shopping’s centre’s offering lavish business development modules. Setting up a company in Dubai jumeirah region can be ideal for both small startups as well as large businesses. Jumeirah residential is the sea fronts have a lot of beaches and most attractive place for tourist.
Company Setup in Al Quoz Dubai
Al Qouz is recognized as the fastest growing area in Dubai. Al -Quoz is a residential & industrial region having numbers of large warehouses, garages, and labor accommodations for manufacturing companies. Al quoz area located between Sheikh Zayed Road and Al Khail Road. Its good option for manufacturing and sampling companies & as industrial facilities for setting business.
ABS CONSULTANCY AS YOUR BUSINESS CONSULTANT
- 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 as Dubai Pro.
- File documents of the company with DED to obtain a trade license from the Chamber of Commerce and Industry.
- Create a name board.
- Submit the application to 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.
BUSINESS DED ACTIVITIES AND GOVT DEPARTMENT INVOLVE FOR SETTING UP BUSINESS IN DUBAI
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
LLC Company Setup Procedures
- Choose the appropriate legal structure of the business
- Select the name and the activities involved in your application
- Complete and submit the required documentation to get the license from the department of Economic Development of UAE
- For some special business activities get first approvals from relevant regulatory and government authorities.
- Get office or Virtual office or warehouse or land for the company formation operations.
- Obtaining Trade License and Certificate of incorporation and Memorandum of Association, Share Certificates and Tenancy Agreement for your Dubai LLC Company Setup.
- Processing Visas and Labor Cards and other legal documents
Required Documents for LLC Company Formation in Dubai
- investors Passport Copy
- Local sponsors passport copy
- Managers passport copy
- NOC letter from the sponsor if the partner or the Manager has a residence visa in the UAE.
- Registration application form from Dubai Economic Department
Trade name reservation
- initial approval from Dubai Economic Department
- Tenancy contract for the office and warehouse attested by the planning department and civil defense department of Dubai municipality along with location plan
- Memorandum of Association duly attested from the public notary