Limited liability Company in the United Arab Emirates
The most prevalent type of business in the UAE mainland is a Limited Liability Company (LLC) (LLC). The DED is the government agency in charge of issuing all LLC licenses and identifying and regulating the forms of economic activity that can be carried out.
There are no restrictions on where an LLC can trade in the UAE or the GCC (unlike Free Zone firms); there are also no limitations on real estate ownership or the number of visas that can be obtained.
We seek out to assist you in establishing your company.
Get started
- We work directly with clients from the beginning to the end, by assisting them with our strategic ideas and forming their limited liability company in the UAE.
- We can help you obtain permissions and clearances from various departments.
- We may also help with the drafting of Memorandums of Association and other crucial documents.
Limited liability Company registration conditions
Limited Liability Companies must have at least one or more local sponsors or Emirati partners, according to UAE commercial legislation. This means that at least 51 percent of the LLC’s shares must belong to the local partner/sponsor(s). Following the publication of UAE Federal Law No. 19 of 2018 on Foreign Direct Investment, the UAE Cabinet revealed the positive list of operations that will be covered by the FDI Law, which will allow foreign ownership of 100% or more than 49%.
Timeline
From the time all essential paperwork is received, it will take about 1-2 weeks to incorporate a Limited Liability Company. The total engagement period is 19 weeks.
Fees
The cost of forming an LLC in Dubai is around AED 26,990 ($ 7350) for the first year.
Compulsory regulation
LLC registration and licensing are handled by each Emirate’s local licensing organization. This is the Dubai Economy in Dubai (more commonly known as the DED).
To reserve the LLC’s trade name and commercial and/or trading activities, an initial application must be submitted to the DED in Arabic. These activities must be chosen from a list of business activities published by the DED. The LLC’s trade name must reflect one of the shareholders’ names as well as the operations to be carried out. Given a large number of businesses in Dubai, the chosen trade name is likely to be taken, thus applicants should give at least three different options.
Documents
List of required documents:
- All shareholders and managers will receive certified passport copies,
- If applicable, a copy of the UAE residence visa,
- Current UAE residency visa sponsor’s No Objection Certificate (NOC),
- 2 certified copies of each shareholder’s address,
- 1 Sovereign Application Form, signed,
- For each shareholder, one curriculum vitae is required,
- For each shareholder, one professional / bank reference letter is required.
Our experts will help you with the paperwork.
Consultation about Limited Liability Company registration
The consultation services we offer for setting up a Limited Liability Company in UAE are intended to assist you with all aspects of starting your business. Our knowledgeable advisors will help you every step of the way, from preparing the necessary paperwork to acquiring the required permits and registrations. We offer personalized advice on legal obligations, share capital, and company structure to help you make well-informed choices that match your business objectives.
Ownership management
Handling ownership for a Limited Liability Company is both complex and important. Our services involve managing alterations in ownership, overseeing beneficial owners, and supervising transfers of ownership. We guarantee that all ownership adjustments are accurately recorded and meet current regulations.
Corporate structure changes
As your company grows, your organizational structure may also need to evolve. If you require changes to your board of directors, updates to nominee details, or any other adjustments to your structure, we offer thorough services to help facilitate these transitions seamlessly and effectively.
Share capital management
Managing share capital is crucial for the financial well-being of your company. We provide assistance for boosting, decreasing, selling, and transferring share capital, guaranteeing that all actions adhere to legal regulations and are executed accurately.
Ready for the next step
Grow your business while we take care of everything else.