Limited Liability Company (LLC)
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Limited Liability Company (LLC)
In a limited-liability company, the minimum number of shareholders is one 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:
- Trade Name
- Shareholder/Manager color passport, UAE residence visa and emirates id copies
- No-objection letter from the current sponsor for Shareholder/Manager
- Approval issued by other Government authorities according to the type of activity.
- For corporate shareholder attested and legally translated documents i.e. Certificate of incorporation, Memorandum & Article of association, Certificate of incumbency, Board resolution and Power of Attorney
Documents required after getting the Initial Approval:
- Initial Approval & Trade Name
- All documents submitted before in order to get the Initial Approval
- Ejari
- Memorandum of Association duly authenticated by the Notary Public.
The following are the steps involved in the formation of LLC
- Selection of company name
- Approval of company name and activity from licensing department of the economic department
- Approval from third party department (if applicable)
- Drawing up of company’s Memorandum of Association
- Attestation of Memorandum of Association by a Notary of Court
- Registration of office space of company
- Issuance of license from economic department
- Immigration & labor registration
Limited Liability Company (LLC) setup Cost
Call us now on +971 50 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.
Why Choose GBS for Company Formation Services in UAE?
Understanding Clients’ Needs
As the best business setup consultancy firm in UAE, our team provides thorough analysis of client requirements and offers a personalized approach tailored to meet each client's needs.
Flexible Pricing & Cost Transparency
For company formation service in UAE, we offer flexible pricing and cost transparency with top of the line multiple payment options, including online payments and bank transfers
Years of Expertise
Global Business Services FZCO holds years of expertise while offering unmatched guidance and support when starting your new venture.
Work Track Record
As a prominent business advisor and consultant, GBS boasts a world-class track record, successfully supporting many firms across various industries.
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Hear what our satisfied clients have to say about their successful journeys with us.
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10,000+
Companies formed
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client satisfaction
I had a fantastic experience with the Global Business Services FZCO. their team was knowledgeable, professional, and efficient. they guided me through the entire process of establishing my business. I highly recommend their services to anyone looking to set up a business in Dubai.
I hired Global Business Services for my online store in Dubai Free Zone. They quickly handled everything from visas to paperwork. Great experience overall.
I’m happy to choose Global Business Services FZCO for their outstanding business setup services in UAE. Their professional team guided me through each stage, answering all my questions quickly and clearly. Their personalized approach made me feel well taken care of.
