Dubai llc formation
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Transcript of Dubai llc formation
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Dubai LLC formation
www.hlbhamt.com
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Dubai allows LLCs to come up with flexible, differential profit sharing arrangements. This can give you a great edge as the 51% local equity rule is inflexible in most cases.
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A limited company may be formed by a minimum of two and a maximum of fifty persons whose liability is limited to their shares in the businesses capital.
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• 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 trading license.
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As it is compulsory to keep one UAE national as a partner in the LLC company, prospective investor has to choose one UAE national (sponsor) as a partner in the company.
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The time it takes to form a company will be approximately 1-2 weeks from the date of receipt of all documents. The licensing Authority in the Emirate of Dubai is the Department of Economic Development.
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Advantages of a Dubai LLC
• While foreign equity in the company may not exceed 49%, profit and losses will be shared in a ratio different to that of the share capital ratios
• The most popular method of establishing a commercial company in Dubai
• A Dubai LLC offers unrivalled access to Dubai and the wider UAE economy
• Through a Dubai LLC, international entrepreneurs obtain Trade Licenses from the Dubai government
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• 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 Dubai along with his/her family.
• The investor can create more branches at different places for his activities.
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• The investor can run the business without the day-to-day interference of the local national partner.
• The assets and capital created will be in the name of the company and not in the name of the local national partner.
• Only a few restrictions on the activities of a Dubai LLC
• Easy to open global corporate bank accounts following Dubai LLC set up
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HLB Hamt’s LLC incorporation services
HLB Hamt will work with you to handle your LLC formation from start to finish
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We give strategic inputs, work with you on your business plan, help bring in local equity, and also handle paperwork and documentation formalities.
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We handle the details for you, so you're free to concentrate on the bigger picture - your business.