Other Services
Limited Liability Company (LLC) is the most common type of business in Dubai, UAE. A limited liability company can be formed with multiple shareholders incorporated in Dubai Mainland with a minimum of 02 shareholders and a maximum of 50 Shareholders whose liability is limited to their shares in the business.
Dubai is the main business hub in the Middle East and is rapidly growing globally. More entrepreneurs across the globe are expanding their business, Most of them prefer to set up an LLC Company as it remains diverse in its policy and flexible for business activities.
A local sponsor is mandatory for operating an LLC Company in UAE with 51% of the business owned by him/ her. Local sponsors usually act as sleeping partners, they don’t involve in running a business however they assist in dealing with government bodies for paperwork.
The Expat investor can own a maximum of 49% of shares of the company. LLC company can trade anywhere in UAE & GCC, it has less startup cost and full access to the UAE market. This is the reason the LLC company is the common choice of new entrepreneurs. Department of Economic Development (DED) is the authorized regulatory body for issuing the license of the LLC company.
If you are looking to set up a business in Dubai, ARC Associates with years of expertise will assist in setting up the company. Our experts will help you in complete business formation from the initial stage to the final phase from choosing a name to attaining a corporate license and assists in opening a corporate bank account. It will take approximately 1-2 weeks from the date of receipt of all required documents.