LLC BUSINESS SETUP IN DUBAI

LLC Company Setup in Dubai

LLC Business Setup in Dubai is one of the preferred legal business forms for setting up a trade or manufacturing establishment in Dubai. There are various business benefits for an LLC Company Setup in Dubai. There is no requirement for any minimum capital investment. The LLC Company’s management can be vested with the Managers (up to 5 persons) that may or may not be UAE Nationals.

LLC Company setup in Dubai requires a minimum of 2 and a maximum of 50 shareholders, with the liability of a shareholder being limited to one’s share in the capital. It has less start-up cost and full access to the UAE marketplace. They can do business in their local emirate and also can import and export freely.
Over the years, Dubai being a business hub in the Middle East is the favorite location of investors all over the globe for the formation of the company. Most of them prefer to setup LLC Company as it remains diverse in its policy and flexible for business activities.

As per the latest UAE company law, anyone can setup an LLC company in UAE with 100% expat ownership. Previously, LLC company in UAE required 51% of the shares held by a UAE National (Emirati Sponsor) and the expat investor owns a maximum of 49% shares of the company.

Investors can obtain the Trading License in Dubai from the Department of Economic Development (DED) by submitting the required documents and making the fee payment ( For a Trading License in Dubai, LLC Business Setup Cost is AED 24,683 ). AURION will assist you with setting up an LLC Company in UAE at the most hassle-free way.

100% Foreign Ownership in Mainland of UAE

As per the Cabinet Resolution No.16 of 2020, several categories of business license will no longer require a UAE National Sponsor. The resolution states the ‘Positive List of Activities under which 100 percent foreign ownership in companies outside free zone was permitted. It is subject to certain criteria being satisfied. For more details contact us!

LLC Company Registration in Dubai is a streamlined process facilitated by the Department of Economic Development (DED), Dubai. LLC Company in Dubai allows the investor to take an office space anywhere in Dubai, open a corporate bank account, and get a residence visa under the company. Limited Liability Company in Dubai offers the investors peace of mind in terms of flexible business operations, company ownerships, reduced risk of capital investments, hiring additional staff, etc.

Procedure to LLC Company Setup in Dubai

LLC Business Setup in Dubai is very straightforward and relatively easy to incorporate. However, it requires certain documentation, paperwork, and special approvals required depending on the chosen business activities. Here are the steps to the LLC Company Setup in Dubai. Our team will assist you in all steps with expert consultation and dedicated PRO service support for a hassle-free LLC Company Formation in Dubai.

Select the trade name and activities of the company

Choose location for the registered company

Submit the documents required in order to get licence from DED of UAE

Get approvals from relevant regulatory & Government authorities, if applicable

Obtaining Trading License, Certificate of Incorporation, Memorandum of Association, Share Certificates, Tenancy Agreement for your LLC Company Setup

Visas, Labour card and other legal documents process.

Get your Physical Office space and Tenancy Contract

Submit the Tenancy Contract along with the initial approval documents to obtain the LLC Company License

Apply for Residence Visa, Emirates ID, and Open a Corporate Bank Account in Dubai

Documents required for LLC Business Setup in Dubai

To setup an LLC Business in Dubai requires the following documents.. We will prepare all the application forms and documents necessary for the government departments.

Passport copy of the investor

Passport copy of manager

No Objection Certificate from the company (If the shareholder or manager is working in any of the UAE companies)

Copy of Emirates ID (for UAE nationals)

Application form of registration from Dubai Economic Department

Attested Tenancy contract for the Office or warehouse or showroom by the planning department and civil defence department of Dubai municipality with location plan

Attested Memorandum of Association from public notary.

Benefits of LLC Company Formation in Dubai

LLC Company formation in Dubai offers the investors a host of business benefits. Also, LLC Company Setup in Dubai enables investors to strengthen their presence in the UAE Local Market and promote local trade more effectively.

A few of the key benefits from LLC Company Setup in Dubai are 100% foreign ownership, access to a wide range of business activities when setting up the company, and many more.

Also, the investors can obtain a UAE residence visa and sponsor family to settle in UAE. The investors can add more staff to your business as required without any hassles of visa quota. There is enhanced credibility among banks for opening a Corporate Bank Account when the company is registered as an LLC Company in Dubai.

An LLC Company enables the investors to freely trade in the local UAE market as well as the rest of the GCC region and the world. Also, LLC Company Setup in Dubai enables investors to open a new branch in the mainland when required without any hassle. They can also purchase real estate in Dubai under the company name, participate in tenders and take up government projects and assignments.

Complete repatriation of capital funds and profits

No specific minimum amount required for capital

Investor will get the investor visa

Any number of offices can be setup by the company in UAE

Visa availability will be depending on the size of the office

Open global and corporate banks easily

Only limited restrictions on the activities, more freedom

The investor can apply for a UAE residence visa for the family

LLC Company Liquidation Process in Dubai

Step 1

Company’s dissolution notice and appointing a liquidator

Submission of Registration & Licensing Application Form

Submit the below documents:

Official document showing dissolution of the company – notarized minutes of the general assembly meeting to confirm the company liquidation along with a notice of appointment of a liquidator.

Copy of license of liquidator, a copy of the license and auditor registration certificate and letter issued by the liquidator accepting to liquidate the company along with the liquidator’s documents.

Registration certificate copy

Advertise in both newspapers (English and Arabic)

Company dissolution payment voucher will be issued and AED 2,020 fees for appointment of liquidator.

Step 2

Cancellation of license(s) & cancellation from the Commercial Registration:

Original copy of the final account of liquidation.

Cancellation of foreign visa partner.

NOC concerning cancellation issued by the Ministry of Labor.

Cancellation of the partner(s) visa.

Collect business activity-specific approvals (only for business activities that require approvals of government bodies to cancel a license)

Copy of the notice of the company’s dissolution & appointment of a liquidator to be published in the official newspapers

Letter from the partner for the agreement of the company liquidation

Submit all the above documents along with the documents mentioned in the first step.

Deregistration fee payment is payable to DED – AED 3,020.

LLC Company Liquidation Cost

LLC Company Liquidation Cost in Dubai is approx. AED 14,875 including AURION assistance fee. The following table contains the breakup of the company liquidation fee.

DESCRIPTIONS	FEE in AED
Liquidation Audit Report & Confirmation of Appointment Liquidator	AED 3,000
Company Liquidation Certificate – Initial Approval (DED)	AED 2,020
Final Approval (DED)	AED 3,030
Arabic and English Newspaper publication – (45 days)	AED 1,575
Aurion Professional fee (inclusive 5% UAE VAT)	AED 5,250
TOTAL LLC Company Liquidation Cost	AED 14,875

AURION assist in completing the procedure of LLC company formation in Dubai as well as LLC company liquidation in Dubai / UAE.

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