LLC Company Formation in Dubai
The process of LLC company formation in Dubai turns simple and speedy only with the guidance of professional business consultants. HLB HAMT is a competent consultant firm in Dubai that can handle this process with ease and expertise.
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.
Until recently, a local agent was mandatory for LLC company formation in Dubai, UAE; but now the rule has changed. Foreign investors are now offered 100 percent ownership on UAE mainland (not for all the activities) and a local sponsor is not required anymore. For further details, click here.
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.
Advantages of an LLC Company
An LLC can conduct any type of business activity excluding insurance, banking, and investment. There aren’t any restrictions on the number of visas that can be obtained. The investors of an LLC company can avail investor’s visa under which they can get investor status in the Emirate along with their family.
An LLC is exempted from paying the standard 5% customs duty on imported goods. Also, restrictions are not imposed on real estate ownership.
Company Incorporation Which Requires Special Approvals and Licenses
- Tourism activities
- Health Care activities
- Architectural and engineering consultancy
- Shipping , freight forwarding and logistics activities
- Companies in Dubai World Communities (Trakhees)
- Educational services
LLC Incorporation Services
HLB HAMT’s Consultants closely interact with clients to help them form their limited liability company in UAE, from the initial to final phase and also assists them with strategic ideas. We provide assistance in;
- Getting approvals and clearances from various departments,
- Drafting Memorandum of Association and other necessary agreements
- Opening bank accounts
- Finding a proper office location
- Handling other documentation formalities
The span of time to form a Limited Liability company will be approximately 1-2 weeks from the date of receipt of all required documents.
Latest insights, case studies and news from across the network
HLB Monthly Insights
The UAE proposed the ‘Green Visa’ programme 2022
The UAE Cabinet has declared the launch of a new resident visa category, the Green visa, which is one of the most significant improvements to the UAE visa system in...
Unemployed workers in UAE will be Compensated Under New insurance scheme
The UAE cabinet has announced the implementation of an unemployment insurance scheme that would compensate insured workers with a cash
UAE Golden Visa: Reduction in Property Investment to Boost Dubai Realty Sector and Entrepreneurs
The UAE’s golden visa programme was an immediate success, particularly among expats looking to establish a foothold in Dubai.