Limited Liability Company (LLC)
in UAE
LLC Formation in the UAE with Highgate Business Management Consultants
Highgate Business Management Consultants provides top-notch services for LLC formation in the UAE. Our team of experts offers professional assistance in navigating the process and paperwork associated with setting up a Limited Liability Company (LLC) in the UAE. We ensure a smooth and efficient process to set up your business venture in this flourishing country.
What is an LLC in the UAE?
An LLC is a business entity with a maximum of 50 shareholders, making it the easiest legal vehicle for expatriate residents and foreigners to establish a new company in the UAE. The LLC is the most popular and commonly chosen route due to its simplicity and flexibility.
Steps to form an LLC in the UAE
The process of forming an LLC in the UAE is simple and systematic. Here are the basic steps involved:
- Identify a business activity
- Register the trade name
- Apply for initial approvals
- Draft Memorandum of Association (MoA) and other agreements
- Select a location, choose a workspace
- Apply for other government approvals
- Submit documents and pay fees
Activities and trade name
The UAE offers more than 2,000 business activities, falling under industrial, commercial, professional, tourism, agricultural, and occupational categories. An LLC will indicate the chosen business activity, and you are also allowed to form an LLC company with multiple business activities, subject to approvals.
The trade name of your new business must reflect your chosen activity/ies and must be approved by the department of economic development (DEC) in the emirate where your business is located. Approval is subject to the trade name not being in use or registered previously, and its observance of public morals and the public order of the UAE. In some instances, a trademark needs to accompany the trade name.
Initial and final approvals
An initial approval allows you to proceed with the next steps of establishing an LLC in the UAE, but it does not grant you the authority to practice the activity or run the business yet. Some business activities may require additional approvals from local or federal government entities related to legal affairs, security, financial securities, and commodities.
To finalize LLC formation, shareholders’ specific shares and roles in the new company, along with other details, have to be included in a notarized Memorandum of Association (MoA). LLC formation documents that must accompany the MoA are Articles of Association (AoA), Certificate of Incorporation, Board Resolution, and Power of Attorney (PoA).
Documents and attestations
All shareholders and their specific shares and roles in the new company, along with other details, have to be included in a notarized Memorandum of Association (MoA). Shareholders will also have to submit personal documents like copies of passports and visas, bank statements and bank reference letters, as required.
If one or more shareholders reside outside the UAE, their personal documents will have to be attested and notarized from the home country, and re-attested at the UAE Ministry of Foreign Affairs. In Dubai, the lease agreement will have to be registered with Ejari, the government portal for property management.
Key advantages of LLC formation in the UAE
LLC formation in the UAE offers several advantages, including flexibility in the number of shareholders (up to 50), liability of each shareholder limited to their shares in the company’s capital, ability to trade anywhere in the UAE (including 50 plus free zones) and the GCC region, unlimited number of work visas, and multiple choices in renting or buying office premises. Additionally, 100% ownership is allowed by foreign shareholders.
Partner with Highgate Business Management Consultants for LLC formation in the UAE
Highgate Business Management Consultant’s long and continuous experience in business setup services in the UAE, including LLC formation. Our team at Highgate Business Management Consultants can assist you in navigating the entire process of LLC formation in the UAE, ensuring that you fulfill all requirements and receive all necessary approvals. We provide comprehensive guidance and support throughout the process, from identifying the right business activity to submitting the final paperwork and fees.
Additionally, we can also assist with other important aspects of setting up and operating your LLC in the UAE, such as finding suitable office space, obtaining necessary visas, and complying with local regulations and laws.
By choosing to work with us, you can rest assured that you have a reliable and experienced partner to guide you through every step of the process, and help you achieve success in your business venture in the UAE.
Contact us today to learn more about our LLC formation services and how we can help you set up your business in the UAE with ease and efficiency.
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