LLC (Limited Liability Company)

Dubai Mainland is home to many Limited Liability Companies or LLCs. In order to set up a flourishing LLC business, LLC registration and completing lengthy regulatory formalities and documentation is mandatory. Clearly, this needs the expert hand of a capable agency like EBS to help you out with the numerous compliances to fulfil.

Why LLC formation in Dubai makes sense?

Forming an LLC registration provides multiple advantages

1 – Get trading opportunities with companies beyond the UAE
2 – No need for a security deposit for a visa for LLC owner in Dubai
3 – Global standards in corporate infrastructure makes LLC formation in mainland Dubai a positive experience
4 – No minimum capital stipulation for LLCs
5 – Local UAE sponsor has no say in business dealings thus providing you with a free hand to run your business, your way
6 – Access to inexpensive loans made easy for LLCs

Procedure to form an LLC

1 – Between 2 to 50 people can set up an LLC.
2 – Share capital of AED 300,000 or more is sufficient to get your mainland Dubai LLC registered and operational.
3 – A UAE national needs to hold atleast 51% of the share. He is paid an annual sponsorship fee. He will not take part in daily operations or profit sharing

What details are needed to form a mainland Dubai LLC?

The Department of Economic Development (DED) provided licenses for LLC Registration in Dubai. It needs the below details for this purpose

1 – Company name and complete registered address
2 – Names, nationalities and other details of the shareholders and their capital contribution
3 – Names, nationalities and other details of the managers
4 – Details of Profit and Loss and other financial statements of the company