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Limited Liability Company (LLC)

In a limited-liability company, the minimum number of shareholders is two and the maximum is 50. The liability of shareholders is limited to their shares in the capital. The company may carry on any type of activities except insurance, banking, or money investment. In most cities of UAE, capital deposit rule has been cancelled. I.e. Limited Liability Company can be formed without Bank Deposit Certificate and Auditor Certificate. The manager of the company will be allowed to operate the account as soon as the incorporation is completed. The manager of the company can be more than one and he/they shall have all administrative and financial powers. Distribution of profit (loss) can however be in ratio other than share capital.

Benefits of Limited Liability Company:

  • The liability of the shareholder’s is limited to their shares in the company’s capital,
  • LLC can legally trade anywhere in UAE, including Free Zones,
  • No restriction on the number of visas,
  • No restrictions on the location of the business where company can rent/buy office,
  • Wide range of business activities
  • Commercial, Professional & Industrial license are available

Documents required for Initial Approval:

  • Registration and licensing application, as well as proof of reserved trade name.
  • Photocopy of applicant’s passport (together with residence permit / visa details for non-GCC states nationals).
  • Photocopy of applicant’s naturalization identification for UAE nationals only.
  • No-objection letter from the applicant’s current sponsor for non-GCC nationals.
  • Photocopy of the director’s passport, and no-objection letter from the director’s current sponsor.
  • Permission from the court to practice business, for applicants under 21 years.
  • Approval issued by other Government authorities according to the type of activity.
  • The Company’s Board of Directors resolution to subscribe to the new company if the partner is an existing corporate entity in UAE or abroad (the resolution must be attested by UAE embassy / consulate or by a GCC state embassy / consulate and UAE Ministry of Foreign Affairs, and duly translated into Arabic).

Documents required after getting the Initial Approval:

  • Initial Approval receipt
  • All documents submitted before in order to get the Initial Approval.
  • Photocopy of office lease including the plot number.
  • Original photocopy of the Memorandum of Association duly authenticated by the Notary Public.
  • Contract of Limited Liability Company
  • If the partner is an existing corporate entity in UAE or abroad the Memorandum of Association and the Commercial Register Certificate must be attested by UAE embassy / consulate or by a GCC state embassy / consulate and UAE Ministry of Foreign Affairs, and duly translated into Arabic).

The following are the steps involved in the formation of LLC:

  • Selection of company name
  • Approval of company name from licensing department of the economic department
  • Drawing up of company’s Memorandum of Association
  • Attestation of Memorandum of Association by a Notary of Court
  • Inspection & registration of office space of company
  • Getting approval from the economic department for entry into the commercial register
  • Once approval is granted, the company will be entered in the commercial register and have its Memorandum of Association published in the Ministry of Economy and Commerce’s Bulletin. The license will then be issued by the Economic Department.
  • Registration of the LLC Company in Chamber of Commerce and Industry

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about Limited Liability Company (LLC) set up.

Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in Dubai. Our company acts as a one stop solution for Limited Liability Company – LLC incorporation services

If you are looking for Limited Liability Company setup, please get in touch with us for professional assistance.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.

GBSOur Office
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+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

QUICK LINKSOur Services
GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.

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Copyright © 2020 Global Business Services.

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