LLC COMPANY SETUP
LLC Company Set Up
Limited Liability Company is the most favourable business structure for foreigners who want to start their businesses here. An LLC allows you to run your organization with multiple partners, which divides and reduces your liability according to the shareholding. More than 200 business activities ranging from trading to agriculture fall under an LLC umbrella.
The Dubai Economic Department gives you approvals to start your LLC business activities in the region after a series of steps. You also need a local sponsor to be your partner in setting up an LLC in Dubai. Company formation in UAE can become overwhelming if you are a newcomer to the city. We provide business setup services in Dubai with the help of our experienced and well-trained team. Whether you want to open a company in UAE free zone or want your business setup in Dubai mainland, we can help you. We will require certain documents and details from you, and we will do the heavy lifting in your LLC company formation.
Conditions to set up an LLC in Dubai
To form an LLC in Dubai, there are several prerequisites that need to be met:
There cannot be a sole owner of an LLC. You require at least two and no more than fifty partners to set up a limited liability company in Dubai.
Minimum Capital
The minimum capital required to form an LLC in Dubai varies depending on the nature of the business activity and the location of the business. In Dubai, the minimum capital requirement ranges from AED 300,000 to AED 1 million.
Local Sponsor
Foreign investors must have a local service agent, who is a UAE national, to act as a sponsor and assist with administrative tasks. However, you can opt for a commercial sponsor who does not have any ownership or financial interest in the company.
Trade Name Registration
The business must have a trade name that is unique and not already registered with the Department of Economic Development (DED). The trade name should also reflect the business activity.
Business License
The business must obtain a license from the DED, which allows it to conduct its business activities in Dubai.
Office Space
The business must have a physical office space in Dubai that meets the requirements set by the DED.
Visa Requirements
The business must obtain the necessary visas for its employees, which are issued by the General Directorate of Residency and Foreigners Affairs.
The stock of a Dubai LLC Company may not be sold for public subscription to grow capital.
Ready to accomplish your ambitions?
We offer a free initial consultation in guiding you through your concerns. We will assist you in matching your business to the most appropriate activity to guarantee a smooth incorporation process. We value our clients’ growth. Contact us so we can set you up for success. For your free consultation please fill out the form below, and our team will get back to you within the same business day.