Limited liability companies are the most popular types of business entities registered by foreign investors in Dubai because this is the only option granting them a maximum ownership. Dubai limited liability companies allow foreign citizens to own 49% of its shares, while 51% must be brought up a local sponsor or partner. The incorporation procedure of a limited liability company in Dubai is quite simple requiring a few steps to be completed. Another advantage of the Dubai limited liability company is that it can be registered for any commercial purpose.
You can watch in the video below the main steps to open a limited liability company in Dubai:
Beside the shareholding structure, there are other requirements to set up a limited liability company in Dubai. Among these, the company must have at least two shareholders and maximum 50. There are no minimum share capital requirements to register a limited liability company in Dubai, except for the sufficient capital test enabled by the Department of Economic Development (DED). In this case DED decides if the capital subscribed by the founders is sufficient for the undertakings they intend. Another requirement for a Dubai limited liability company are the managerial ones. Under the Dubai Company Act, the company must have between one and five managers.
Our company registration agents in Dubai will offer you information about the new Commercial Code.
There are five steps to follow when registering a limited liability company in Dubai. These are:
Once the company is incorporated, it must also register its employees with the Ministry of Labor and General Authority for Pension and Social Security.
Before company registration the applicants must also verify the fees related to all the steps of the procedure. For any information or support in opening a limited liability company you can also contact our Dubai company incorporation agents.