LLC Company Formation in Dubai
Company Formation in Dubai
If you want to form an LLC company in Dubai, you need to hire an attorney. There are many lawyers in the city, but you must hire the best one. The attorney should have some legal experience and have knowledge of the UAE laws. He should also be able to provide you with the necessary information. A lawyer can help you in forming an LLC company in Dubai. If you do not have legal experience, you should hire a lawyer with a good reputation.
The first step in the process of forming an LLC in Dubai is to establish a business office. It can be located anywhere in the UAE, but it must be registered in the UAE. To register a business in the city, you need a rental contract attestation from the Ejari (mandatory registry for tenancy contracts). After obtaining the business license, you need to set up a bank account and submit a registration application form to the Dubai Economic Department. You do not need to apply for a license if you are a citizen of the GCC countries. Once you are registered in Dubai, you can begin your business.
In Dubai, you can choose a name and the type of activities that you wish to conduct. In order to register an LLC in Dubai, you must obtain a Commercial License from the DED. Once you have this, you must register your new LLC with the local Chamber of Commerce. In the UAE, LLCs are limited liability companies and the liability of shareholders is only their unpaid shares. You need two shareholders to form an LLC, and you can have as many as 50.
LLC Company Formation in Dubai
In the UAE, the Economic Department is responsible for licensing foreign companies. To register an LLC, you must submit an application and obtain a Trade License. Then, you will need to get your Memorandum of Association or MoA. You will also need a bank account for the company. The registration process will take about 4 to five working days. Once you have the necessary documents, you can begin running your business in the Emirate.
LLC Company Setup in Abu Dhabi
Having an LLC in Dubai is a good idea for several reasons. The tax benefits are considerable. The government waives all duties associated with opening a company in Dubai. You can also have 100 percent ownership of the company. However, there are many requirements you must meet before you can legally operate your business in the UAE. Aside from taxes, LLCs must also be licensed to operate in the country. While foreigners can own 100% of an LLC, it is not easy for a non-resident to run a Dubai branch.
Once you have your Commercial License in Dubai, you need to register your LLC with the Chamber of Commerce. Once the DED has approved the LLC, you need to register the company with the Chamber of Commerce. An LLC is only legal if it has two shareholders. But if you want to own 50% of the company, it must have at least 50 shareholders. This allows the LLC to be registered in several locations. The DED will issue the license after the approval is granted.