UAE allows LLCs to turn up with flexible, differential profit sharing arrangements. This benefits the foreign investor to a great edge as the 51% local equity rule is inflexible in most cases.
Limited Liability Company can be formed with a minimum of two and a maximum of fifty shareholders whose liability is limited to their shares in the businesses capital. Most companies with foreign partners have opted for the Limited Liability Company, due to the fact that this is the only option that’ll give maximum legal ownership i.e. 49% to the expatriates for a local business. As it is mandatory to have a UAE national as a partner in the LLC; prospective investor has the option to choose the one UAE national (sponsor) as a partner in the company.
The span of time to form a company will be approximately 1-2 weeks from the date of receipt of all the documents.
The licensing Authority for different places in UAE are listed as follows:
Dubai : Department of Economic Development
Sharjah: Economic Development Department
Other Emirates: Municipality/ Chamber of Commerce
What are the benefits of UAE LLC?
While foreign equity in the company does not exceed 49%, profit and losses can be shared in a ratio different to that of the share capital.
The most popular method of establishing a commercial company in UAE.
UAE LLC offers unparalleled access to the wider Emirates economy.
No specific minimum capital requirements.
The investor becomes the partner in the company.
The investor gets the investor visa under which he/her enjoys an investor’s status in the Emirates along with his/her family.
The investor has the option to commence branches.
The investor can manage the business without the day-to-day interference from the local partner.
The assets and capital created will be in the name of the company and not in the name of the local national partner.
Very few restrictions on the activities of an UAE LLC.
Its easy to open global corporate bank accounts after LLC setup.
Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.