LLC Company Formation in Dubai, UAE
Simple steps to form a Limited Liability (LLC) Company in Dubai
A Limited Liability Company (LLC) is a commercial business venture with up to 50 stockholders. An LLC is the most straightforward legal structure enabling expatriate residents and foreigners to establish a new company in the UAE. Unsurprisingly, it is the most popular and often used route.
Understanding the fundamentals of LLC company registration in Dubai will make things easier and faster.
What is LLC company formation, how to open LLC
IBR Group is a pioneering firm that specializes in LLC company formation in Dubai and company registration in the UAE. An LLC, or Limited Liability Company, provides a versatile business form that combines the benefits of both a corporation and a partnership. It offers its owners limited liability protection while enabling for a more streamlined management structure and pass-through taxation.
Opening an LLC with an IBR Group is a simple procedure. Our skilled experts will walk you through the process, beginning with establishing an appropriate trade name and determining business activities. We assist in drafting the necessary papers, gaining approval from the appropriate authorities, and guaranteeing compliance with UAE rules. With our thorough assistance, the process of forming an LLC becomes more effective and hassle-free.
Process and Paperwork for LLC Company Registration in Dubai, UAE
The process for company registration an LLC corporation in Dubai is straightforward and systematic.
- Identify a business activity.Â
- Register a trade name.
- Apply for first approvals.
- Draft a Memorandum of Association (MoA) and agreements.
- Choose a location and workspace.
- Apply for additional government approvals.
- Submit required paperwork and fees.
Activities and trade name
The UAE offers over 2,000 business activities categorised as industrial, commercial, professional, tourism, agricultural, and occupational, and the LLC will reflect the chosen business. You can also incorporate an LLC corporation with numerous business activities, subject to clearance.
The trade name of your new Dubai firm must reflect the activities you intend to pursue and must be approved. The trade name of your new Dubai firm must reflect the activities you intend to pursue and must be approved. Approval is conditional on the trade name not previously being in use or registered, as well as compliance with UAE public morality and public order. Once approved, the trade name is followed by the acronym LLC.
In some cases, a trademark must accompany the trade name. Your trade name will be approved and registered by the Department of Economic Development (DED) in the emirate where your firm operates. The Ministry of Economy registers trademarks at the federal level. Our personnel are competent and skilled at what they do, whether it’s handling a query or providing answers to all of your queries.
Initial and final approvals
An initial permission simply implies that the UAE government has no objections to your company’s establishment in this country. It also permits you to continue with the next steps in forming an LLC in the UAE. However, an initial approval does not grant you the authority to carry out the activity or administer the business.
Certain company activity may necessitate additional authorization from local or federal government agencies. These are primarily tied to activities including legal concerns, security, financial securities, and commodities.
Between gaining an initial approval and collecting a final approval, there are various processes involved in forming an LLC in Dubai, including papers, attestations, lease agreements, and fee payments. Once these steps are completed, the issuing of a license permits you to begin operating your business.
Because of our extensive and ongoing experience, we are not only capable of handling any task on your behalf, but also incredibly efficient at it.
Documents and Attestations for LLC Company Formation in Dubai
The most frequent way to conduct business in the UAE is by forming an LLC. It is also the simplest and most adaptable, as its legal framework can support any number of shareholders up to 50. These shareholders can be from various places of origin or hold citizenship in practically any country in the world. (According to updated laws, it is no longer required to include UAE nationals in the formation of an LLC in the UAE). Furthermore, even with diverse profit-sharing arrangements, each shareholder’s responsibility is limited to their part of the company’s capital.
To complete LLC formation, all shareholders, their precise shares and functions in the new firm, and other facts must be contained in a notarized Memorandum of Association (MoA).
Typically, LLC formation documents that must accompany the MoA include the Articles of Association (AoA), Certificate of Incorporation, Board Resolution, and Power of Attorney. Corporate documents translated into Arabic must be verified by the Ministry of Justice.
Each shareholder must also submit personal documentation such as copies of passports and visas, bank statements, and bank reference letters, as required. If you are already a UAE resident, you must get a No Objection Certificate (NOC) from your present sponsor or employer.
If one or more shareholders live outside of the UAE, their personal documents must be attested and notarized in their home country, then re-attested at the UAE Ministry of Foreign Affairs.
Submission of all required paperwork will allow you to proceed to the next step of leasing (or purchasing) office space before starting your LLC in the UAE. In Dubai, the lease agreement must be registered with Ejari, the government platform for property administration.
We assist people in establishing businesses in the UAE. You can count on us to complete all of your paperwork with ease, efficiency, speed, and success.
Key advantages of LLC Company Formation in Dubai, UAE
- Flexibility in number of shareholders, up to 50
- Liability of each shareholder limited to his/her shares in the company’s capital
- Ability to trade anywhere in the UAE (including 50 plus free zones) and the GCC region
- Unlimited number of work visas
- Multiple choices in renting or buying office premises
- 100% ownership by foreign shareholders
Cost of an LLC company formation in UAE
Looking to find out how much it costs to register an LLC in Dubai? IBR Group has provided answers to your top five queries about company registration in the UAE.
Initial Expenses
Discover the basic expenditures associated with forming an LLC in Dubai. Our specialists break down registration, licensing, and documentation costs.
Package Options
Explore a variety of formation packages designed to meet specific business needs. Choose from basic to extensive solutions based on your needs and budget.
Ongoing commitments.
Understand your post-registration financial obligations, such as annual renewal fees, office space charges, and any additional costs.
Industry Variances
Understand your post-registration financial obligations, such as annual renewal fees, office space charges, and any additional costs.
Professional Guidance
Discover how getting professional advice can improve the LLC company creation process, potentially saving you time and money.
At IBR Group, we provide honest and individualized help, ensuring that you understand the costs connected with LLC company creation in Dubai. Begin your business journey with confidence.
Disclaimer: Above all information is for general reference only and sourced from internet, before making any kind of decision please visit the authorized websites of authorities and service providers.