Company formation LLC in Dubai

LLC formation

LLC is a legal structure for all the local business set up in UAE nation. On usual basis there will be local as well as foreign investors for setting up a business and the shares for the return on investments is also followed like 51 percent ownership for the foreign investors. Here with the LLC company formation using an LLC structure you need not have to share your returns on the investments.

Dubai LLC formation companies will have their flexibility, different profit sharing arrangements with UAE national Sponsor. The UAE Sponsor will paid annually based on the percentage of sales and profits in a fixed rate. While your pay to the sponsor as an annual fee the need of disclosing accounts is not essential. The fee you pay to the sponsor will be part a part of agreement.

For a limited liability company (LLC) there can be persons from 2 to 50 whose liability is limited to their shares in the company’s capital. In such a company the management responsibilities can be takeover by the foreign or the national or 3^rd party people. The total time may require is about 2 weeks to 3 months from the date of receipt received with the documents

Company formation LLC in Dubai benefits:

• A Dubai LLC formation gives better access to the Dubai government for the business and the local UAE economy.

• Very less restrictions for the activities of a Dubai LLC formation, and also it is possible to get license for most activities.

• Dubai LLC formation, gives investors to get strong physical presence there. To open a Cost effective office space is simple when compared to the free zones.

• The company may or may not be related to minimum capital requirements, depending up on the size, nature and type of business activity.

• Easy to open global corporate bank accounts

The number of company’s establishing in UAE are categorized unto 7 types with the requirements of shareholders, board of directors, capital levels and also the procedures for incorporations as follows. Among these seven activities LLCs are more commonly used by foreign investors.

• General Partnership Company
• Partnership-en-commandments
• Joint venture Company
• Public Shareholding Company
• Private Shareholding Company
• Limited liability Company (LLC)
• Share Partnership Company