What Does LLC Mean in UAE?
Limited Liability Company (LLC)
The standard type of company in the UAE mainland is the Limited Liability Company (LLC). The DED is the government body authorised to issue all licences for LLCs and is responsible for classifying and regulating the types of economic activity that may be undertaken.
Can a non citizen start a business in Dubai?
Can a non-resident start a business in Dubai? The answer in most circumstances is yes. Though there may be conditions depending on the type of business you wish to start, your nationality, and the country of your tax residence.
Can I start my own company in Dubai?
Yes, a foreigner can start a business in Dubai, and many do. The local population is over 80% expatriate, with many of those owning their own businesses. Dubai actively welcomes investors and business owners from overseas.
Can you own 100% of a company in UAE?
The UAE Government amended the federal Commercial Companies Law, granting foreign investors full ownership of specific businesses. This means that foreign investors’ shares will not be limited to a maximum of 49 per cent like before, but can be up to 100 per cent instead.
Can you set up LLC in Dubai?
One of the ways to set up a business in Dubai is through a Limited Liability Company or LLC for short. A Limited Liability Company in Dubai is the most common form of business. It can be formed by a minimum of 2 and a maximum of 50 shareholders, whose liability is limited to their shares in the business capital.
How much does an LLC cost in Dubai?
Fees
| Different UAE entity types | ||
|---|---|---|
| UAE mainland | Year 1 Cost | Year 2 Cost |
| Dubai trading LLC | US$22,980 | US$9,850 |
| Dubai professional services LLC | US$22,980 | US$9,850 |
| Dubai subsidiary LLC | US$22,980 | US$9,850 |
How do I form a LLC in Dubai?
Limited Liability Company (LLC) is the most common form of business in UAE….Here are the key steps to an LLC company formation in Dubai:
- Determine the type of legal entity.
- Choose a trading name.
- Apply for a business license.
- Choose an office space.
- Get pre-approvals, register your business and get your license.
Can I open a company in Dubai without residency visa?
You don’t have to be a full-time resident in the UAE to own a company here. In fact, living abroad is no barrier to success in the Emirates. Most UAE business owners choose to reside in the UAE to make the most of the amazing climate, attractive business incentives, and thriving communities.
How much does it cost to start a company in Dubai?
The registration cost to set up a Limited Liability Company in Dubai typically ranges from AED 22,000 to AED 24,000. This translates to around USD 6,000 to USD 6,500. However, this cost does not include fees incurred in obtaining a trading license and other miscellaneous expenses.
How do I get an LLC in Dubai?
Here are the key steps to an LLC company formation in Dubai:
- Determine the type of legal entity.
- Choose a trading name.
- Apply for a business license.
- Choose an office space.
- Get pre-approvals, register your business and get your license.
How many partners can an LLC have in Dubai?
An LLC can have between 2-50 shareholders. The shareholders in a Dubai LLC are liable only to the extent of their share in the capital of the LLC. Both individuals and corporates can be shareholders in an LLC.
How much does it cost to open LLC in Dubai?
LLC Company Registration Cost in Dubai The cost of company registration in Dubai is between AED 25,000 – AED 27,000. The fee varies based on the industry type and services.
How do I start an LLC in Dubai?
How long does it take to set up a LLC in Dubai?
According to most of the business consultants in Dubai, setting up a business takes up to 4 to 5 days working days, but it does depend on the several factors and certifications obligated to the company’s establishment.
Do you really need a sponsor to start a business in UAE?
A corporation formed and licensed in Dubai must have a local sponsor to set up a business in Dubai. The UAE national, which is the sponsor, will hold 51% of the shares of a company owned by individuals or a group of expats.
How much is LLC license in Dubai?
Additional Formalities. The cost for an LLC license (with the mandatory services) in Dubai would AED 25,500 approximately for company formation. While among the additional charges, foreign trade name / non-Arabic name will be an extra AED 2,000. The LLC license renewal cost in Dubai is around AED 8,000 to AED 15,000.
How do I set up an LLC in Dubai?
Here are the key steps to a limited liability company in Dubai.
- Determine the type of legal entity.
- Choose a trading name.
- Apply for a business license.
- Choose an office space.
- Get pre-approvals, register your business and get your license.
How much is LLC license in UAE?
The cost for an LLC license (with the mandatory services) in Dubai would AED 25,500 approximately for company formation. While among the additional charges, foreign trade name / non-Arabic name will be an extra AED 2,000. The LLC license renewal cost in Dubai is around AED 8,000 to AED 15,000.