are the most popular types of business entities registered by because this is the only option granting them maximum ownership. Another advantage of the Dubai limited liability company is that it can be registered for any commercial purpose. allow foreign citizens to own 49% of its shares, while 51% must be brought up by a local sponsor or partner. The is quite simple requiring a few steps to be completed.
With a vast experience in company formation in Dubai, our local consultants can help foreign investors register limited liability companies in this Emirate. They can rely on us for the preparation and submission of the documents needed to register the limited liability company with the Dubai Companies Register.
Beside the shareholding structure, there are other requirements to . Among these, the company must have at least two shareholders and a maximum of 50. There are no , 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 is the managerial ones. Under the the company must have between one and five managers.
Our will offer you information about the new Commercial Code.
There are five steps to follow when . 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.
We invite you to see our scheme on the advantages of a Dubai limited liability company:
The limited liability company is a very versatile business form, foreign investors being allowed to use it for various purposes. The Dubai limited liability company can take one of the following forms:
Apart from these, shelf or ready-made companies in Dubai are usually registered as limited liability companies. The limited liability company can also be used for creating a joint venture in Dubai.
If you are interested in setting up a limited liability company and need assistance, you can rely on us for complete company registration services in Dubai.
Setting up a limited liability company in Dubai comes with various advantages, especially for foreign investors. Among these, we mention the following:
Among the licenses which can be obtained with the help of a limited liability company in Dubai, the trading, the industrial and the commercial licenses are the most important. Dubai free zone limited liability companies can also obtain licenses related to the specific activities developed in that free zone.
If you want to open a company in Dubai and decide for a limited liability one, our local agents can help you set it up in mainland Dubai or any of its free zones.
The Dubai limited liability company offers various tax advantages. For example, there are no corporate taxes imposed on Dubai companies registered in most industries, apart from the oil and petroleum ones. However, a recent change in the tax legislation introduced the value added tax, which is levied at a very low rate. The VAT in Dubai is 5%.
Apart from this tax, the Dubai limited liability company offers various advantages, among which the free repatriation of profits when established by foreign investors and falling under the UAE’s double tax treaties.
Should you have any questions related to the taxation of limited liability companies, our Dubai company formation advisors can answer them. We also offer accounting services to foreign investors owning limited liability companies in Dubai.
The limited liability company is one of the most usual business forms employed by both local and foreign investors in Dubai, however, there are many questions related to it, especially coming from foreign entrepreneurs. Below, our company registration agents in Dubai have answered some of these questions:
1. What is the minimum number of shareholders for a limited liability company in Dubai? What about in a Dubai free zone?
The minimum number of shareholders for a limited liability company in Dubai is 2, while in a free zone a single shareholder is allowed.
2. How much does it take to register a limited liability company in Dubai?
The registration of a Dubai limited liability company takes a few days to complete.
3. Is it complicated to register a limited liability company if I am a foreigner?
No, the Dubai company formation of this type of company is quite simple, even if you are a foreigner.
4. How much does it cost to register a limited liability company in Dubai?
The company registration fee of a limited liability company in Dubai depends on the industry you want to open it in and whether the company is set up in a free zone or not.
5. Do I need the services of a local agent to register a limited liability company?
This requirement applies to foreign investors who want to open a limited liability company in Dubai. Our agents offer such services.
Before company registration, the applicants must also verify the fees related to all the steps of the procedure. For any information or support in , you can also our .