LLC Company Formation in Dubai
Starting a new business in Dubai was never easy like this before. The Department of Economic Development (DED) is the License Registration authority in Dubai. DED will ensure the process of company formation in Dubai become quite easy and affordable. The DED License is one of the most flexible options to start up a company in Dubai. An LLC Company gives a huge scope to do business all across the world.
A LLC Partnership Company have a local UAE National as of 51% shares in your company. This Local Sponsor can be a person or a legal company. Rest 49% divided in all foreign Investors.
Elegant Service offers Business Setup Services for more than ten years in Dubai. We have been formed more than 100 companies in the UAE.
We have a team of trusted local sponsors. These local will take annual service charges. These local partners will act as a legal partner in your company. While they do not involve in banking and daily work of the company. This is a common practice in Dubai. So this local sponsor will not act as an active business partner in the company. they will get fix service charges for sponsorship.
Advantage of Limited Liability Company
As the name implies, members’ liabilities for the debts and obligations of the LLC are limited to their own investment. This is one of the key advantages of a limited liability company. In other words, if your company gets sued, your personal assets, like bank accounts and real estate, are protected. At most, you can only lose the money you put into the business and nothing else.
Keep in mind that this protection is not all-encompassing. Members can still be held liable for criminal behaviour or if they neglect to follow certain rules about business management. Consult with a lawyer to make sure you are not violating these rules and exposing yourself to personal liability.
For taxation purposes, income from your business can be treated as your own personal income. Therefore it is not subject to certain federal taxes for which corporations are liable.
Some legal structures limit the number of people allowed to file as owners. With an LLC, there is no limit to the number of owners. An LLC can have one member or hundreds of members.
In an LLC, the amount of money that owners invest in the business doesn’t need to equal their percentage of ownership. When an LLC is formed, members create an operating agreement. in which different percentages of company profits and losses can be assigned to owners regardless of the amounts of their initial investments. So you can make a deal with an investor to have them finance half of your business without necessarily owning have of your business.
Freedom in management:
Unlike standard corporations, LLCs are not required to have a board of directors, annual meetings, or strict book requirements. This can free up a lot of time and stress to let you run your business on your own terms. As you can imagine, this can be an important advantage of a limited liability company as well.
Important Facts for Company Formation in Dubai
Cost Analysis to Form a New Company in Dubai.
Setup an LLC Company in Dubai Just for AED 35000/-
- Trade License Fee (All Included)
- Local Sponsor/ Partner Annual Fee
- Office Sustainability Agreement Fee.
- Free Consultation and PRO Services for License Issuance.
- Company Immigration Card
- Applicable to Get Investor Visa
- Passport Copy of all Partners and Investor.
- Proposed Name for Company at least 3-5 suggestion.
- List of Business activity neede to include in the trade license.
- NOC from current sponsor if on employement visa.
- Residence visa copy or Visit Visa Copy.
Note: If you have intent to set up a company Dubai mainland. So please feel free to contact us. Thus we will fix a meeting with our business executive. We will help you to understand your requirements.
The normal time required to register a LLC company in DED will be 4-5 Days. There is an Instant license option available, that could be get from DED with 5 minutes. It will cost AED 10,000 Extra and it does not requried a office lease afgreement for first year.