LLC Company setup Dubai

Let us see on LLC Company setup in Dubai

In Dubai the way a business is initiated prefers for the LLC company setup in Dubai. Due to company’s liabilities protection of your personal assets is performed in the event of jurisdictions against your business. Thus LLC Company acts as the best fit for many business person than a sole proprietorship or any other type.

There are some rules and regulations for governing LLC company formation Dubai

Basically Limited Liability Company can be formed by a minimum of 2 or the maximum of 50 shareholders with whose liability is limited to their shares in the businesses capital.

The LLC Company can be formed with the help of a LOCAL SPONSOR in DUBAI. This local sponsor in Dubai gives an appropriate guidance for the new business investors in Dubai. General marketing issues that exist in an Arab nation can be easily resolved with the help of sponsor in Dubai.

A local sponsor in Dubai must have around 51% ownership in your business to do all the activities throughout future business. Since this sponsor have already experience in UAE market the types of issues that may occur with the UAE government is also be resolved. A continuous rapport gives you the complete solution for the problems you are facing in Dubai. Sometimes you can have situations of preferring a foreign shareholder than local sponsor with the ownership value of about 49%.

LLC company formation Dubai:

1. A commercial name under the company which conducts business activities in future is selected and can apply for an approval by the Licensing Department of the Dubai Economic Department.
2. A Memorandum of Association (MOA) of the company need to draw up and then have to get attested in the Dubai Courts by a Notary Public.
3. Once getting approved by the Dubai Economic Department should be sought along with the entry in the Commercial Register.
4. Now, the formal entry of the company in the Commercial Register will be made after the approval obtained from the Dubai Economic Department in the previous step. The publication of the company’s MOA in the Bulletin of the Economy and Commerce Ministry will then follow.
5. The Dubai Economic Department will issue for the license to the company.
6. At last your company gets registered with the Chamber of Commerce and Industry of Dubai.