Limited Liability Company (LLC) is the most common form of business in UAE. A Limited Liability Company 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.
If you are an expat planning for LLC company formation in Dubai, UAE then a local agent is mandatory. 51% of the business will be owned by the sponsor, hence choosing the right partner is crucial. Local agents usually act as sleeping partners and won’t be involved in the running of your business. They help you deal with ministries and the government for various paper work.
What makes LLC unique and one of the most preferred business types is the great deal of flexibility it provides. An LLC company can trade anywhere in UAE and GCC.
An LLC is a company that has a minimum shareholder count of 2 people and a maximum shareholder count of 50. Each partner and their liability will be only to their share of the capital in the company and not to anything of their personal wealth. To have an LLC company setup in Dubai you will have to a minimum share capital of AED 300,00. The same rule applies to expats as in with the mainland company type, where in they will only be entitled to 49% of the share.
Benefits of an LLC Company Setup in Dubai
- It permits you to do local services and trade
- It remains the best way to establish a company in UAE
- Access to the wider economy
- Can launch branches
- No security deposit
- Easy to create corporate bank accounts
- State of the art infrastructure