Title: How To Open LLC Company In Dubai
1How To Open LLC Company In Dubai
Dubai is one of the most prosperous and
cosmopolitan cities in the Middle East, combining
the elements of both the East and the West. It is
one of the most favorable business destinations
in the world. If you are a new entrepreneur and
want to know how to open LLC company in Dubai. In
order to understand this vital business
structure, you need a compact guide to LLC
company formation. Here we mentioned a few
factors that you should know before starting the
process of company setup.
2What is LLC Stand for ?
- LLC stands for Limited Liability Company. As the
name suggests, a Limited Liability Company is a
type of structure where members of the company
are not personally liable for any loss. - Instead, the company is responsible as per its
capital share. This type of company structure has
some features of a corporation and others like
that of a partnership. - We can say that LLC is in between a corporation
and a partnership company and provides benefits
for both these entities.
3Steps to Setup LLC Company in Dubai
- LLC is an important type of business framework
and the procedure is lengthy and comprehensive. - Investors interested in LLC setup in Dubai have
to contact different departments and submit a
number of documents for this purpose. - Following are vital steps that are required to
carry the entire procedure, it will help you get
an idea about how to create an LLC company in
Dubai.
4- Select the Business Activity When choosing a
business activity for your entrepreneurial
venture, keep in mind the practicality of the
chosen activity in relation to the market. - Do thorough research on the feasibility and
profitability of the activity before you decide
to start a business in Dubai, UAE. - Select the Right Jurisdiction The market of the
UAE is divided into different economic zones
Mainland, free zone, and offshore. - These economic zones are also called
jurisdictions. Every jurisdiction has its own set
of rules and regulations pertaining to business
setup. - They also cater to different business
requirements. Choosing a jurisdiction for your
business based on your business needs and your
business activity.
5- Finalize the Company Structure/ Legal
Form Selecting the legal form for your company
is a vital decision when starting a business in
Dubai. - It sets the tone and structure for dealing with
losses and profits and how you should organize
your resources and assets. Decide on the legal
form or your company structure throughout the
starting phases of planning. This would help
offer a layout for your company. - You cant apply for your business license unless
you decide on the legal form of your company.
6- Finalize the Company Structure/ Legal
Form Selecting the legal form for your company
is a vital decision when starting a business in
Dubai. - It sets the tone and structure for dealing with
losses and profits and how you should organize
your resources and assets. Decide on the legal
form or your company structure throughout the
starting phases of planning. This would help
offer a layout for your company. - You cant apply for your business license unless
you decide on the legal form of your company.
7- Get Approval for your Company Name and Activity
The Department of Economic Development should
approve the trade name for your company before
you can move ahead and start the procedure of
your company set up in Dubai, UAE. - Along with your company name, your selected
business activity also goes through approval
throughout this phase. Once you get the approvals
you would need to submit documents to apply for
your trade license in Dubai.
8- Register Your Company Company registration and
licensing is a simultaneous procedure. Although,
the whole procedure of documentation and
approvals goes through various phases. - In this step, you would need the approvals from
concerned government authorities as requested by
the Department of Economic Development. The
documents needed are different for each company
type and activity.
9Documents Required for LLC company in Dubai
- Following are the documents that are required for
LLC company setup in Dubai. All these documents
should be - submitted to their respective departments.
- Duly filled registration application form
- Passport copies of all the shareholders and
managers of the company - Passport copy of the sponsor
- NOC from sponsor
- Memorandum of Association
- Registration of trade name and initial approval
from DED - Location plan and tenancy contract by Dubai
Municipalitys Planning Department
10Advantages of open LLC Company in Dubai
- Minimum 2 and maximum 50 shareholders are
permitted - You can obtain unlimited number of visas without
any restriction - Real estate ownership is permitted
- LLC can conduct any commercial or industrial
activity - Establishing an LLC permits company owners to
take benefit of the entire UAE market. these
companies can directly - trade with the entire UAE market
- You can easily open Global/corporate bank
accounts on the basis of LLC
11Why Start Any Business
- Start Any Business is a leading business setup
consultancy in Dubai, UAE. we are well known for
product registration, - visa services, and the formation of all types of
companies in Dubai and UAE. We are experts in LLC
formation in Dubai. - Due to our experience, we can assure you in
handling all your official and legal matters
successfully and conveniently. - Handing over the job of LLC company setup in
Dubai to us will provide you satisfaction and
quick approval from all - government departments.
12Contact Info AddressKhushal complex, Khushal
Chowk Burari Delhi-110084 Phone91 88888
30552 Emailinfo_at_startanybusiness.in Business
Setup Consultants in Dubai How To Open LLC
Company In Dubai
13Thank -you