The UAE government has broadcasted that foreign national would be allowed to own 100 percent of commercial companies within the country, eliminating the need for a UAE National to hold the majority share. The amended legislation came into effect 1 June 2021. As per the new regulations governing LLC company formation in Dubai United Arab Emirates, a business with minimum of one and maximum of fifty people can be set up where their liabilities remain to their share within the firm’s capital. The companies with expatriate partners choose the Limited Liability Company as it gives wider access to UAE market. Also, it offers maximum legal ownership i.e. 100% to the expatriates for a local business. As per the new amended regulation, foreign national can own 100% share in the company.
Benefits of setting up of LLC in Dubai – UAE ( Limited Liability Company )
• In LLC 100% of foreign ownership is permitted However, the profits and losses can be shared in a ratio different from shared capital distributed between the shareholders.
• 100% corporate tax exemption are allowed in Limited liability company.
• 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 outside UAE
• In Limited Liability Company shares can be hold by corporates which owned by foreign investors
• 100% repatriation of profits are permitted.
• Eligible to open multicurrency corporate bank account in Dubai for LLC company
• Limited Liability 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 Company Formation in Dubai.