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:
Documents required for Initial Approval:
Documents required after getting the Initial Approval:
The following are the steps involved in the formation of LLC:
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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
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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.