The establishments of LLC Company in UAE demand the liability of a minimum of 2 and a maximum of 50 shareholders. These shareholders being limited to one’s share in the capital. In this regard, the cost of and full access to the UAE marketplace would be less to start-up. The mobility of the investors would be easy in the emirate and can also import and export freely.
Dubai is considered the business hub in the Middle East and is among the most favorite location for the investors for the building of the company over the decades. Shareholders prefer to setup LLC Company as it attains variety in its policy and flexible for business activities.
The actual process of the LLC Company in UAE must have 51% of the UAE Nationals which is called Emirati Sponsor. Even the ex-pat investors must have 49% shares of the company.GCC is different from the LLC Company as in GCC the company shares must be 100%. In the case of an ex-pat partner of the GCC the shares must 51% which must be owned by UAE Nationals.
The investors can get a trading license in Dubai by submitting the required documents and fees from the Department of Economic Development (DED). Time Zone Consultancy will help the investors in setting up an LLC Company in UAE in the easiest and fast-way.
Procedure to set up LLC in Dubai
- Choose the name and activities of the company
- Selection of the location
- Submission of the required documents for getting a license from DED of UAE
- Approval of the company from Government and relevant authorities, if applicable
- Obtaining trade license, certificate of share, tenancy Agreement, certificate of incorporation, and memorandum of Association for LLC Company setup
- Process of getting a visa, legal documents, and Labor card
Documents required for LLC Company Setup
- Investors’ passport copy
- Local sponsor’s passport copy
- Manager’s passport copy
- NOC ( No Objection Certificate is compulsory for those shareholders or managers who are working in any of the UAE Company