How to set up a LLC company in UAE?

Dubai is one of the well-known cosmopolitan cities in the Middle East and is a perfect example of the mix of Eastern and Western cultures. It is one of the most popular business destinations as well and is a hub for people from all across the world who wish to set up their businesses there and reach out to global audiences. 

To start LLC Company in Dubai, you are required that you fill up the Limited Liability Company or LLC form. This is one of the most common forms that is used by the people involved in business in the UAE. This can be formed by either two or up to 50 shareholders whose liability depends on the shares that are invested in the business capital. Also, most of the companies that are associated with the foreign partners used the LLC as that help them gain legal ownership. Another thing that needs to be remembered while filling up the LLC form is that you need to have a UAE national as a partner in the business and investor who might be helping you out should be UAE national and a partner in the company.

 LLC offers flexibility and using this you can make differential profit sharing arrangements.

 Things You Need to Do for Setting Up LLC in Dubai
In order to set up a Pro Services in Dubai UAE, you would need to follow the below-mentioned steps:

1.The first thing that you need to do is to register your company under the Department of Economic Development.
2.Then you will need to drafting and notarise the Memorandum of the company along with the articles of association.
3.The next thing is to submit the required documents along with the business license application form to the Department of Economic Development.
4.Get yourself registered with the Dubai Commercial Register.
5.The last thing that you need to do is to get your employees registered with the Ministry of Labour and General Authority for Pension and Social Security in UAE. 

There are several benefits of availing Limited Liability Company (LLC) in Dubai some of which are as follows:

• You get access to the UAE economy at a larger level.
• There is no requirement for minimum capital.
• There is no interference from the local, and it would get easy to manage the business easily.
• You would be able to open the corporate bank accounts more conveniently and along with that get better credit facilities.

 The LLC is the best option when you are looking out for opening a consulting business in joint association with a venture partner. Also, it would be ideal to consult someone who knows in and out the LLC and can guide through the process so that it becomes easier for you to enroll for it.

 

Source: LLC Company Formation In UAE