In Dubai you can start any new business with the support of the reliable and liberal UAE government, this is how the foreign investors are getting attracted towards the city Dubai. Likewise the process of Limited liability companies are also popular for the various business entities who are registered by foreign investors in Dubai in order to obtain maximum ownership.
Dubai limited liability companies have their foreign citizens who owns their shares about 49%, were the local sponsor or partner get around 51%.
The company incorporation for the limited liability company in Dubai is very easy to do in few steps with an added advantage that LLC can even register for any commercial purpose too.
There are certain requirements for the Limited Liability Company formation as follows:
- The company must have the shareholders numbers between 2-50 as the minimum and maximum
- No need of minimum capital investment to register limited liability company in Dubai
- For the Department of Economic Development there must be sufficient capital requirement to register the limited liability company in Dubai.
- Dubai limited liability companies need to be managerial ones, based on the Dubai company act that number of managers can be between 1-5
Easy steps to register a limited liability company in Dubai are:
- Company details has to register with the Department of Economic Development (DED)
- On the second phase the process of Drafting and Notarizing the company’s Memorandum of Association (MoA)
- Submit the documents required company details to the DED
- Also submit the Business license to the DED
- Now register your company with the Dubai commercial Register.
Benefits of LLC company formation in Dubai:
- 100% free tax facility
- 49% ownership for foreign investors along with the profits and losses can be shared in a ratio from shared capital
- 100% repatriation
- Investor can also be a partner in the company
- Easy bank account opening and maintaining
- Simple to open global corporate bank accounts
- The investor can also commence branches
- The company is eligible can have limitless offices or properties in UAE
- LLC offers UAE residence visa to the investors easily
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