+971 4 327 7775 dubai@hlbhamt.com
Limited Liability Company

Limited Liability Company

Limited Liability Company (LLC) is the most common form business in UAE. A Limited Liability Company can be formed by a minimum of 2 and a maximum of 50 shareholders whose liability is limited to their shares in the businesses capital.

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 local business. As it is mandatory to have a UAE national as a partner in the LLC (51% shareholding) prospective investor has the option to choose the one UAE national (sponsor) as a partner in the company.

LLC is flexible and differential profit sharing arrangements also possible. This permits the foreign investor a great edge as 51% legal equity is with local partner.

The Licensing Authorities

Dubai: Department of Economic Development
Sharjah: Economic Development Department
Abu Dhabi: Department of Economic Development
Other Emirates: Municipality/ Chamber of Commerce

Company Incorporation Which Require Special Approvals and Licenses

Tourism activities
Health Care activities
Architectural and engineering consultancy
Shipping , freight forwarding and logistics activities
Companies in Dubai World Communities (Trakhees)
Educational services

LLC Incorporation Services

HLB Hamt’s Consultants closely interact with clients to handle their LLC incorporation from starting point to finish line and assist with strategic ideas, work with their business plan :
Getting approvals and clearances from various departments,
Drafting Memorandum of Association and other necessary agreements
Help to bring local equity
Finding local partners
Helping to open bank accounts
Assisting to find proper office location
Handle other documentation formalities.
The span of time to form a Limited Liability company will be approximately 1-2 weeks from the date of receipt of all required documents.

What are the Benefits of UAE LLC?

While foreign equity in the company does not exceed 49%, profit and losses can be shared at a ratio different from the share capital
The most popular method of establishing a commercial company in UAE
UAE LLC offers unrivalled access to the wider UAE economy
No specific minimum capital requirements
The investor becomes the partner in the company
The investor gets the investor visa under which he/her enjoys the investor’s status in the Emirates along with his/her family
The investor has the option to commence branches
The investor can manage the business without the day-to-day interference from the local partner
The assets and capital created will be in the name of the company and not in the name of the local national partner
Few activities are restricted
Easy to open global /local corporate bank accounts and avail credit facilities

Business Destinations
Investment Opportunity dubai

Mobile:
+971 50 677 5860

Phone:
+971 4 327 7775

Fax:
+971 4 327 7677

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