LLC Company Formation in Dubai
The LLC Company formation is the most general type of business set up in Dubai, UAE. Starting a business in Dubai opens the entire UAE market and establishes a regional existence that permits access to a broader market. The process of setting up an LLC company in Dubai involves a few steps.
There are several documents required for this purpose along with two approvals (initial and final approval). But this whole process can easily be managed by formidable consultancy firms. They can easily cooperate with relevant local authorities and handle this lengthy and difficult process easier.
Benefits of LLC Company Formation
- Permits you to do local trade and services
- The most popular form of establishing a commercial company in the UAE
- Offers supreme access to the wider UAE economy
- No minimum capital requirements
- Investor getting investor visa without a security deposit
- Option for an investor to launch branches in any emirate
- No involvement or local partner in day to day business activities
- Easy to open corporate bank accounts and credit facilities
- Enjoy World class infrastructure
- Warehouse and office facilities
Requirements for LCC Company Setup in Dubai
- A limited liability company should have a minimum of 2 and maximum of 50 partners
- A local sponsor is required for LLC formation in Dubai. This local sponsor will hold 51% of shares while the foreign investor will retain the remaining 49% shares. Company owners have 100% shares in case of professional license
- Minimum one and maximum 5 managers are required. Shareholders can also be appointed as managers. These managers are responsible to manage the day to day activities
- You are only allowed to perform industrial or commercial business activities after Dubai LLC company formation. These Dubai LLC companies are not allowed to practice legal consultancy, other consultancy services, accountancy & auditing of financial statements and most of the professional activities
- The name of LLC Company in Dubai should be the same according to its activity mentioned in Dubai name
- Shares of Dubai LLC Company can’t be offered to the public subscription to establish or increase capital and loans
As mentioned above, there are two types of approvals (initial approval and final approval) required for LLC company formation in Dubai. Different documents are required to be submitted for both these procedures. Interested foreign investors will be required to submit these documents in relevant authorities.
Documents required for initial approval
- Application for Dubai company formation and license, along with reserved trade name
- Passport copy of the foreign investor
- Copy of no-objection certificate from the current sponsor if the applicants have a residence Visa.
- Copy of passport of local sponsor along with the family book.
- Copy of Emirates ID (for UAE nationals only)
- Copy of passport of proposed directors and general manager
Documents required for final approval
- A copy of initial approval issued from the DED.
- A set documents submitted for initial approval
- Copy of office lease agreement called Ejari, including the address of the plot
- Memorandum of Association duly signed by a notary in local court.
- Getting approvals and clearances from concern departments
- Preparing Memorandum of Association and other necessary documents
- Arranging the local partners
- Assistance on bank account Opening
- Assisting to find suitable office premises
- Handle other documentation work
- Assisting to arrange residence visa
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Best Business Consultancy
August 8, 2021
By far the best business consultancy having best knowledge of business, delightful to have these awesome people caring soo much about my business.
Davidson J.
July 26, 2021
If by chance you are new here in Dubai and your intentions are to invest in a business then I would definitely suggest you to go to Riz and Mona consultancy company. You will absolutely love their working and management. I loved them.
Ruari Mackenzie
July 16, 2021
Admirable work done by Mr Azeem and other experts of RizMona Company. Not only useful but very detailed manner staff they possess. Hired them for a very important business startup in Dubai. They didn’t miss to provide us with quality work on the requested time.
They will amaze you with all those great ideas you can do to give flight to your business. RizMona is preferable .
Bill Buckley
July 1, 2021
farrukh fayaz abid
June 28, 2021
Had excellent experience hiring them.
RUBY
June 23, 2021
riz & mona consultancy is committed to perfection like no one . the best value you can get for your money.
Tonn C.
Limited Liability Company Establisment
June 21, 2021
Rizmona organization gives a perfect work to its clients, it seemingly gives priority to its customer’s satisfaction above anything else. they worked professionally to form Limited Liability Company for us. They are detailed about everything they do. It is our pleasure that we joined hands with them.
Nikhil Pankkaj
June 15, 2021
Subscribe for the free consultancy it is fairly beneficial.
saba noor
June 9, 2021
ALL I WANT TO SAY IS THAT THIS BUSINESS COMPANY IS SINCERE TO ITS CLIENTS AND THEY NEVER SHY AWAY FROM PUTTING EXTRA EFFORT FOR CLIENT’S SATISFACTION.
NANCY CARDONA
June 4, 2021
top notch consultancy services!
mekan
June 1, 2021
I appreciate the work this agency has done for me and my partners. It was my first experience and totally worth it. Opening a llc company in Dubai involves many entities and paperwork and so it is best to have a company reliable like rizmona on your side.
LIAM
May 29, 2021
Unmatched services….. One place where you can get everything to get your business up and running… Was amazed by the swift services.. thanks
Peter Jol
May 20, 2021
MANY THANKS TO PEOPLE OF THIS COMPANY.
MIHRAN ALIYY
May 9, 2021
I created my own LLC company in Dubai through this firm and I am amazed how fast and responsive they have been.
Carmen M.
May 6, 2021
RizMona firm has all the resources and connections to get the work done much smoothly.
Ernest B.
May 2, 2021
Thank you soo much RizMona.
Lara Burton
May 2, 2021
RizMona business consultancy firm has opened my mind to many new things and after some sessions with them they developed a pragmatic action plan to lift up my business.
Scott Vallace
LLC Company Establishment
April 28, 2021
Riz & Mona Consultancy is soo easy to work with. They listen and then suggest healthy solutions.
Puma S.
April 26, 2021
I did’nt have to worry about anything while working with them. I trust this company.
Bill Santos
April 26, 2021
Forming a LLC company in Dubai was like dream of mine and to do so I needed a team of experts to advise me to make the best decision for by business and that is when I stumbled upon RizMona firm. I absolutely loved working with them.
Brandon W.