LLC means Limited Liability Company. This form of company is a very popular company structure in Dubai.It is a simple and flexible form of the company. It protects entrepreneurs from sole responsibility of the liability. LLC is the ideal choice for entrepreneurs. LLC Company acts as a separate legal entity from its owner. Members of LLC Company can avoid double taxation. It is the best option for the company formation in the UAE Mainland.
DED (Department of Economic Development) has all the authority to issue licenses for LLC Companies.
There is no need for the UAE local sponsor as per the new Rule
There is no restriction on the number of visas. Application of visa depends on the area of the office.
There is no restriction on the number of owners to form an LLC Company.
Shareholders can be individual or corporate entities or a mixture of both.
There is no restriction on ownership of real estate.
There is no minimum share capital requirement
LLC Company can trade directly with the local market, outside UAE and any free zones without any restriction.
There is a wider range of business activities is available under LLC company formation in Dubai
There is no restriction in opening branches in any of the emirates.
LLC Company formation in Dubai allows you to easily sponsor your family.
For full Tax exemption benefit LLC Company can obtain a certificate called ‘Tax Residence Certificate’.
Applicant’s Passport copy
Applicant’s visa copy
Document of Trade Name Reservation
For UAE Nationals :- Photocopy of applicant’s naturalization identification .
For NON UAE Nationals:- Require NOC Letter from the Applicant’s Current Sponsor.
Relating to the business activity if any approval is issued by other Government Authorities.
The cost to obtain LLC Company License ranges between AED 15,000 to AED 30,000. It purely depends on the selection of your industry and service. Visa Cost ranges between AED 4,000 to 6,000 again it depends on the category of the visa and presence of the visa holder inside or outside of the country.