LLC can be formed with a minimum of two and a maximum of 50 persons whose liability is limited to their shares in the company’s capital. Most companies with expatriate partners have opted for the Limited Liability Company, due to the fact that this is the only option that’ll give maximum legal ownership i.e. 49% to the expatriates for a local business. As it is mandatory to have a UAE national or 100% UAE national owned companies as a partner in the LLC (51% shareholding) prospective investor has the option to choose the one UAE national (sponsor) as a partner in the company.
Benefits of setting up of LLC in Dubai – UAE (Limited Liability Company)
- 100% tax exemption are allowed in Limited liability company
- In LLC 49% of foreign ownership is permitted However, the profits and losses can be shared in a ratio different from shared capital.
- Limited liability company in Dubai can do business with local companies as well as international companies/outside UAE/clients (with respect to rules and regulations in abroad countries)
- Liability is limited to the company and not to the shareholders in Dubai LLC
- UAE LLC have the advantages on bid with local companies and government projects
- Can setup branches all over UAE and abroad
- In LLC 49% percentage shares can be hold corporates owned by expatriates
- 100% repatriation of profits are permitted in LLC in UAE
- Easy to open multicurrency corporate bank account in Dubai or other emirates for LLC in Dubai
- LLC company is eligible to hold limitless offices or properties in UAE
- Limited liability company in Dubai – UAE offers UAE residence visa to the investors and shareholders
- LLC in UAE is eligible to get tax residence certificate in UAE
- LLC company get local presence in UAE and consider as a local company
Our experienced consultants are on hand to provide you with a complete, fast and reliable Limited Liability Company incorporation services. Nex Consultants offers a guaranteed corporate service for clients, guiding you through every step of the incorporation process and beyond. We are thus able to recommend the best possible options and ensure that your business is up and running with minimal hassles and effort.
We are always set to go the extra mile to have all the needs of yours. Our know-how, competitive rate and trusted and quality service have made us one of the most preferred company formation consultants and service providers in the UAE.
Kindly contact us for LLC business setup consultation in across UAE