The LLC company setup in Dubai is an excellent choice for investors who look to expand their businesses and are interested in great investment opportunities in Dubai. Investors prefer Dubai for their company formation because of its positioning and rate of market growth over the years. A Limited Liability Company (LLC) in Dubai is a legal entity which is registered under the Economic Department (DED). The LLC formation in Dubai is no easy task to go about. Without the proper guidance and advice, it takes time and lots of paperwork to establish a Limited Liability Company. Paso experts provide holistic assistance which ensures your license is ready within days.
There are various types of LLC trade license in Dubai. The general trading license is the most common of them all. Investors prefer this type of LLC license because it encompasses all trading activities except those that require special approval by government authorities. The general trading license offers a great investment opportunity for investors including the import and export business in Dubai. The downside to the general trading license is the cost of acquisition compared to other activities. With the aid of Paso’s company registration experts, your general trading license will be ready in no time.
What an LLC Means in Dubai
Where Can You Start a Limited Liability Company (LLC)
Steps to Setting Up an LLC Company in Dubai:
LLC Company Formation in Dubai Free Zones
Many Free zones in UAE issue LLC licenses. Forming an LLC company in a Free zone is easier than a mainland company formation in some cases, foreigners can have 100% ownership, besides some free zones are exempted from VAT, The Free Zone LLCs are great for import and export business, there are no custom fees for importing and exporting products, but the business activities are limited to the Free zone areas, if you decided to expand the company operations inside Dubai, you have to use a commercial partner or open a branch inside Dubai.
Advantages of Setting Up an LLC In Dubai:
Disadvantages of LLC Registration in Dubai:
Dubai Instant License
Advantages of Dubai Instant License:
Disadvantages of Issuing Dubai Instant License:
Protect your LLC Company in Dubai
Starting an LLC in Dubai can have few risks, your LLC in UAE free zones will be owned by you 100%, but in case you wish to start your LLC company in Mainland you should consider a few things, according to the law 51% of DED companies’ shares should be owned by a local sponsor, this can risk your investment in the long run, especially if you disagree with the local sponsor, or if he decides to keep the shares, so how can you protect your business in Dubai?
How to Convert Your Company to LLC
If you are an owner of a DED company in Dubai, and if your current legal form is a sole establishment or a civil company, you can convert your company legal form into a limited liability company (LLC), you will have all the LLC benefits without changing your current business activity or trade name, there are few conditions to successfully change your company into an LLC:
Set up your LLC Company Today
The Required Documents to Form an LLC Company in Dubai
For individual Shareholders:
For Corporate Shareholders:
According to the Department of Economic Development, the LLC ownership rules and requirements are:
|First Party||Second Party||Ownership Rule||Requirements|
|U.A.E National||U.A.E National||Any ownership percentage|
|U.A.E National||GCC National||Any ownership percentage|
|U.A.E National||Foreign Partner||At least 51% must be owned by the UAE national|
|U.A.E National||UAE national company||Any ownership percentage||Corporate in UAE|
|U.A.E National||UAE national company||Any ownership percentage||Corporate in GCC|
|U.A.E National||UAE national company||At least 51% must be owned by the UAE national||Corporate in a foreign country|
|U.A.E National||GCC national owned company||Any percentage||Corporate in UAE|
|U.A.E National||GCC national owned company||Any percentage||Corporate in GCC|
|U.A.E National||GCC national owned company||Any percentage||Corporate in a foreign country|
|U.A.E National||Foreign Company||At least 51% must be owned by the UAE national||Corporate in UAE or GCC|
|U.A.E National||Company owned by a foreign partner and a UAE national who owns less than 68%||At least 51% must be owned by the UAE national||Corporate in UAE or GCC|
|U.A.E National||Company owned by a foreign partner and a UAE national who owns less than 68%||Any ownership percentage||Corporate in UAE|
Our company formation professionals at Paso Corporate Services are well-specialized in the setting up of LLC Companies. We fast track your LLC company formation in Dubai and get your company license in a few days only, contact us to start your company today.