LLC company benefits

Most of the business in Dubai are suggested for the LLC formation now a days is only because of its provision of secured environment were your personal assets are protected from the part of company’s liabilities. Thus there are people started for owning their business like sole proprietorship or a general partnership.

In Dubai there are an average estimation of 7 types of business entities which rises and among them most formed companies are LLC by the valuable investors for their planning to set up companies.

The number of shareholders are permitted from minimum of 2 to maximum of 50 in LLC were the company will have local sponsors and foreign sponsors with their ownership percentage about 51 and 49 and the company authority is controlled by any of 2.

Key points for the LLC company benefits are:

On usual basis the company’s foreign equity does not cross 49 percentage so that the profit and losses are shared with a ratio different to the share capital. The benefits are as follows:

• The most used method of opening a commercial company in UAE.
• UAE LLC provides better than everyone by the access to the wider UAE economy.
• Minimum capital requirements are not specifically mentioned.
• The partner in the company is the investors for your business.
• The investor visa can be issued for the investors and also for their family to stay in Emirates by enjoying the investor’s status.
• The option to commence branches are allowed to investors.
• The investor can do business without the day-to-day interference the local partner.
• The company name acquires the assets and capital created not in the name of the local partner.
• UAE LLC has very limited restrictions.
• Opening global corporate bank accounts is easy for those formed LLC Company Dubai, Disadvantage is that: Most of the people may not be familiar with the management type of LLC formation as, unlike many of the other forms of business firms, it is not required to have a Board of Directors.

Because of this reason, there is chances for some reservations in order to conduct the business dealings with an LLC. Here also the possibility of an LLC comes like with the difficulty in raising its capital as investors who are more comfortable for placing their money in a business form that they understand better.

To successfully complete LLC Company formation Dubai requires time period from 8 to 15 working days from the date of filing of all the required documents.