How To Start A Limited Liability Company In Dubai

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How To Start A Limited Liability Company In Dubai
Presentation By Start Any Business
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Introduction
Dubai is one of the most affluent and global
cities in the Middle East, blending both the East
and the West components. It is one of the most
flattering business locations all over the globe.
One of the ways to start a business in Dubai is
through a Limited Liability Company or LLC for
short. Limited Liability companies are the most
renowned types of business entities registered by
overseas entrepreneurs in Dubai, as this is the
only choice allowing them maximum ownership. If
you are wondering how to start a Limited
Liability Company in Dubai, then here we
highlight all the procedures to set up an
LLC. The Limited Liability Company (LLC) is the
most common form of business in the United Arab
Emirates (UAE). These types of companies 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. The establishment
of a limited liability company in Dubai is quite
simple, requiring a few steps to be performed.
Another advantage of the Dubai limited Liability
company is that it can be registered for any
commercial motive.
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Introduction
Limited Liability Company (LLC), as a name
suggest, is a kind of company structure where
members of the company are not personally liable
for any loss. Rather than, the company is liable
as per its capital share. In Dubai, Limited
Liability Companies (LLC) permits overseas
citizens to own 49 of its shares, while 51 must
be brought up by a local partner/ sponsor. LLC is
versatile, and differential profit-sharing
arrangements are also possible. This offers the
oversea traders an excellent edge as 51 legal
equity is with a local sponsor/ partner.
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Advantages Of A Limited Liability Company (LLC)
In Dubai

• The most manifest and essential feature of
  Limited Liability Company (LLC) is the protection
  from personal liability to members of this
  particular company. In case of debt or any court
  ruling, the company is only needed to pay as per
  its share capital. It saves members of the
  company from paying from their personal assets
  like cars, homes, etc.
• The vital benefit of a Limited Liability Company
  (LLC) that distinguishes it from primary company
  structures is the freedom to employ a number of
  shareholders in a Limited Liability Company
  (LLC). The LLC can have an unlimited number of
  shareholders that can advantage of the
  development of business.
• There is less paperwork needed for the setup of a
  Limited Liability Company (LLC), as compared to
  most of the other business structures. This
  reduction in paperwork is mostly due to less
  strict needs to follow. This makes Limited
  Liability Company (LLC) not only easier to create
  but also can smoothly stay in good legal
  standings.

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Advantages Of A Limited Liability Company (LLC)
In Dubai

• A limited Liability Company (LLC) can also one or
  more owners. In the case of multiple owners, a
  Limited Liability Company (LLC) has the
  versatility to distribute profits among owners
  appropriately.
• Limited Liability Company (LLC) has another vital
  benefit considering taxation. These companies are
  free to select the tax status of any business
  structure as per their own needs and liking.
  These companies can also ignore double taxation.
  As compared to the other business entities, they
  are also known as the finest entity for tax
  motives.

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Steps To Register A Limited Liability Company
(LLC) In Dubai

• Registering the company with the Department of
  Economic Development (DED).
• Drafting and notarizing the companys Memorandum
  and Articles of Association.
• Submitting all the needed documents and business
  license application form with the Department of
  Economic Development (DED).
• Registering with the Dubai Commercial Register.
• Upon establishment, registering ones workers
  with the Ministry of Labour and General Authority
  for Pension and Social Security.

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Documents Required To Set Up Limited Liability
Company In Dubai
There are numerous documents that must be
submitted in the Department of Economic
Development (DED) and other officials to the kind
of LLC to be set up in Dubai. All these documents
must be attested and notarized from the
applicants country and United Arab Emirates
(UAE) consulate. The notarization procedure takes
relevant time, and it should be done soon after
the decision about setting up a company in Dubai.
The following are the documents required for
starting a limited liability company in Dubai.

• Duly filled registration application form
• Passport copies of all shareholders and managers
  of the company
• Passport copy of sponsor/partner
• Registration of Trade name an initial approval
  from the Department of Economic Development (DED)

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Documents Required To Set Up Limited Liability
Company In Dubai

• Memorandum of Association (MOA)
• NOC from sponsor (if manager or partner has
  residence visa in the United Arab Emirates)
• Destination plan and tenancy contract attested by
  Dubai Municipalitys Planning Department and
  Civil Defense Department
• Bank reference letter for each shareholder

The Limited Liability Companies (LLC) is perfect
for a business seeking to provide consulting
services with an Emirati national as a suitable
joint enterprise partner.
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Contact us
ADDRESS
Office 1200, Al Musalla Tower, Al Fahidi Metro
Station, Bur Dubai, Dubai, United Arab Emirates
PHONE NO.
971 43233854
EMAIL
info_at_startanybusiness.ae
VISIT US
www.startanybusiness.ae