How To Form Llc Company In Dubai

A limited liability company can be formed by a minimum of 2 and a maximum of 50 shareholders whose liability is limited to their shares in the business capital.

How to form llc company in dubai. For an llc company setup dubai you need at least one local partner. That is local partner will hold at least 51 of share in the company. 51 of the business will be owned by the sponsor hence choosing the right partner is crucial. Cost of company formation in dubai uae. Noc letter from the sponsor if the partner or the manager has a residence visa in the uae.

One way of setting up a business in dubai is through a limited liability company or llc. In most countries a limited liability company llc is a form of company embodying the characteristics of a partnership as well as a company. Llc company formation dubai. You can also avail the below packages to form you company in dubai. The minimum capital requirement law was abolished in 2009 thus making llc company formation in dubai less burdensome than some free zones where capital deposits are mandatory.

An llc company formation in dubai needs minimum 2 and maximum 50 shareholders. Sponsorship agreements a sponsor normally is a 51 owner of the business on paper if it is a local llc company. Local sponsor s passport copy. If you are an expat planning for llc company formation in dubai uae then a local agent is mandatory. It can be created by a minimum of 2 shareholders and a maximum of 50 shareholders whose liability is limited to their business capital shares.

To start llc company in dubai you are required that you fill up the limited liability company or llc form. Required documents for setting up a limited liability company in dubai. Your liability is limited to the shares in the business capital. There for an obverses partner will hold 49 of share in the company. You can form an llc with a minimum of 2 and a maximum of 50 shareholders.

The liability of its members is limited to the company s net worth. Aed 25 999 first year aed 29 999 first year license fees license fees registration fees registration fees. He does not invest any of his own funds and you are obliged to put 51 of your capital in his name. An llc is the most prevalent company type in uae. Llc formation is fast and easy you could be registered your company with dubai department of economic development ded within just 90 minutes and there is no need to commit to a lease agreement this is because with the initiatives have made the setup process very easy so that you will meet the entry criteria.