What Do You Mean by Llc Company in Uae

Exceptions to this rule are activities such as real estate and recruitment, as they can only be carried out by 100% local companies. Our start-up specialists will advise you on the best way to structure your business according to the activities you want. Setting up an LLC company in the UAE follows a simple and systematic process: handing us over the order to set up the LLC company in Dubai will give you mental satisfaction and quick approval from all government departments. For this purpose, you can contact us via our WhatsApp number 971-56-9971225 or by email info@rizmona.com. One of the ways to start a business in Dubai is through a limited liability company or LLC for short. A limited liability company in Dubai is the most common form of business. It may consist of a minimum of 2 and a maximum of 50 shareholders, whose liability is limited to their shares in the capital of the company. Most companies with foreign partners opt for an LLC because it is the only option that gives an expat the maximum legal ownership, i.e. 49%, for a local company.

As it is mandatory to have a UAE national as a partner in the LLC (51% stake), the potential investor has the option to choose the only UAE national (sponsor) as the company`s partner. LLC is essentially a type of company developed in the United States. But it is now widely used in other business centers. We are aware of the business opportunities available in Dubai for all types of business units. LLCs are one of the entities that consistently get a lot of fame in Dubai. One important reason is the government`s support for entrepreneurs to open LLC in Dubai. If you are an expat planning to set up an LLC company in Dubai, United Arab Emirates, a local agent is required. 51% of the company belongs to the sponsor, so it is crucial to choose the right partner. Local agents usually act as sleep partners and are not involved in running your business. They will help you deal with departments and the government for various documents. Establishing a business unit in one of the UAE`s many Free Trade Zones (FTZs) can be an attractive option for foreign investors. The UAE has more than 35 free zones, of which more than 20 are located in Dubai.

The main attraction to start a business in a free trade area is that no national participation of the UNITED ARAB EMIRATES is required. All FREE ZONES in the UAE offer the following incentives: Registering offshore companies in the UAE is a very popular method of doing business in the Middle East. There are three offshore jurisdictions in the UAE – Dubai (Jebel Ali Offshore Company), Ras Al Khaimah and Ajman. They offer similar services, but serve different strategic purposes of offshore company registration. The Jebel Ali Offshore Company is an international commercial crown/holds the only offshore vehicle licensed to own/hold real estate in the Emirate of Dubai. JAFZA Offshore operated under the JAFZA Free Zone. In accordance with Article (218) of the LCL, a limited liability company may consist of a minimum of 1 (in accordance with Article 8 of the Federal Law on Commercial Companies of 2015) and a maximum of 50 shareholders whose liability is limited to their shares in the capital of the company. Recent amendments to Article (217) of the CDC, which came into force in June 2009, lifted the requirement for minimum share capital (previously AED 300,000 in Dubai and AED 150,000 in other Emirates) and allowed the founders of a limited liability company to determine the company`s share capital, which could be less than the previously prescribed final result. The types of business licenses issued in Dubai and other emirates of the United Arab Emirates (UAE) are professional, commercial, industrial and tourism.

The professional license includes the services offered by professionals, craftsmen and craftsmen; the commercial licence covers all commercial and commercial activities carried out with the intention of making a profit; The industrial license covers all industrial and manufacturing activities. The tourism license covers all activities related to hospitality and tourism. The type of license depends on the business activity of the company or company. HLB HAMT consultants work closely with clients to help them establish their limited liability company in the UAE, from the initial stage to the final stage, and also support them with strategic ideas. We offer support for; A civil society is a business partnership for professionals such as doctors, lawyers, engineers and accountants. A civil society is 100% owned by the professional partners (with the exception of the civil engineering company), however, a national local service agent from the UAE is usually required. A foreign company can be a partner in a civil society as long as the foreign company operates in the same field as civil society. In fact, the formation of dubai LLC company is the most common type of business in Dubai. These companies are mainly based on the Dubai mainland (start-up trading companies in the Dubai Free Trade Zone also have the same structure as those of LLC). In this case, 51% of the LLC`s shares are reserved for the local sponsor, while the foreign owner receives 49% of the company`s shares (profits may be distributed differently).

In the United Arab Emirates, a company can be established in one of three jurisdictions: continental, free zone and offshore. The licensing authority on the mainland is the Department of Economic Development of the respective emirates. In free zones, the competent authority for free zones is the licensing authority and the respective offshore authority in the case of offshore jurisdiction. At PRO Partner Group, we understand that some foreign investors may be concerned about the 51% 49% equity agreement and the idea that another person will own shares in your company. That`s why we have developed a secure and trustworthy candidate structure to form LLC companies that ensures that our clients` interests are fully protected in accordance with the law. The representative office, on the other hand, is limited to promoting the activities of its parent company, that is to say, collecting information and obtaining orders and projects to be carried out by the company`s headquarters. RAK Offshore and RAK International Company (RAKICC) are international companies. They offer foreign investors a flexible and credible way to register an offshore company in the UAE without the need to establish a physical presence in the UAE. RAKICC is also licensed to own the condominium in Dubai. [2] One of the main advantages of creating an LLC is that foreign partners have limited liability risk due to their share of the total private equity.

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