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How to set up an LLC company in Dubai?

How to set up an LLC company in Dubai?

If the purpose of your company is to make a sale / trading within the region, then it is recommended you opt for an LLC company in Dubai. A mainland LLC company in Dubai can trade anywhere within the UAE and/or the extended Gulf Cooperation Council (GCC) states. However, it should be noted that the company should have one local sponsor who holds about 51% of the total shares in the company, according to the UAE Commercial Companies Law (CCL).

The process to Set up an LLC in Dubai

  • Choose a proper legal structure for your company.
  • Reserve the trade name and the business activities involved under the company in the Business Registration & Licensing application.
  • Choose a location depending upon factors like nearness to the market, easy transportation, etc. for your LLC formation in Dubai.
  • Gather all the necessary documents and submit them to the Department of Economic Development (DED) of the UAE. If your business requires some special activities, you have to get an approval from relevant regulatory and government authorities.
  • Get a physical/virtual office/warehouse/land for the company operations.
  • Obtain a Trade License, Certificate of Incorporation, Memorandum of Association (MOA), Share Certificate and Tenancy Agreement for your LLC company setup.
  • Get employment visas, establishment card, labor card and other legal documents processed

Advantages of Setting up an LLC in Dubai

  • Can be commenced with minimum capital.
  • No restrictions on the number of employment visas that can be obtained.
  • The investors of an LLC enjoy investor’s visa under which they can get investor status in the Emirate along with their family for 3 years.
  • Easy to open global/corporate bank accounts and avail credit facilities.
  • A mainland company is not required to pay the standard 5% customs duty on imported goods.
  • No restrictions on real estate ownership.
  • They have the option of commencing branches across U.A.E.

 



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