Today, Dubai (UAE) is amongst the top business destinations in the world, allowing millions of investors a favourable business environment to set up their business. Be it mainland, free zone or offshore, Dubai has continued to be the most preferred business hub for investors worldwide. Out of all the forms of legal company structures that this port city allows its investors to form, as per its Federal Law, Limited Liability Company (LLC) is the simplest to form. The reason most investors and businesses favour establishing an LLC company in Dubai.
The Limited Liability Company (LLC) in the United Arab Emirates is one of the most prominent company formation types in the United Arab Emirates. It is the most popular format of company structure and requires at least 2 and at most 50 shareholders to start a business.
According to UAE law, any foreign investor establishing an LLC in Dubai (UAE) will require a UAE national as a local sponsor or service agent. Thus, an expatriate would own a maximum of 49% of the shares of an LLC company in Dubai, and a UAE national who will remain a silent partner will get at least 51% of the total stake in the company.
A Limited Liability Company in Dubai has flexibility and offers the benefits of a corporate structure and a business partnership. It has many more benefits, thus giving business owners and entrepreneurs many reasons to invest in Dubai.
It is a common belief that the formation of an LLC company in the United Arab Emirates is an expensive affair and a challenging option to start a business. But unlike the usual belief, the cost of forming an LLC is close to setting up a free zone company. Additionally, the benefits provided to investors for LLC are very attractive and beneficial in the long run.
The registration process to form an LLC company in Dubai is fast and straightforward. It is one of the most popular types of business setup in the UAE. If you are eligible to start a business in the UAE, the entire setup will be easy to develop. There is also an option to set up a company using an instant trade license within an hour. Also, the Dubai Department of Economic Development (DED) can issue you a license to start a business without providing a lease agreement immediately. Moreover, to apply for an instant trade license, you will not require too much paperwork, and you can start your business in no time. Talk to our representatives to understand the process better.
Office space is essential to form an LLC company. If you are setting up an LLC in Dubai, you will have easy access to office and warehouse space at any location across the UAE. Also, you are not restricted to a designated region like in the case of free zones.
Contrary to some free zones, there is no restriction or limitation of carrying out any business activity for an LLC. Therefore, an LLC has the permission to trade in any of the thousands of business categories listed by the Dubai Department of Economic Development (DED), which covers sectors like – manufacturing, agriculture, construction, hospitality and finance.
An LLC company investing in Dubai can apply for multiple visas. However, according to the UAE rules, you will require to acquire more office space if you want to apply for more visas. You must have 100 sq. ft. of office space for every visa applied. But it can be negotiated with DED in some special cases.
Though UAE is not a 100% tax-free nation, it offers very attractive taxation methods for investors. Also, LLCs in the UAE are 100% tax-free; they don’t have to pay tax on whatever profit they make. There is no tax on any income in Dubai, making it an attractive business destination for investors and talented professionals.
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