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LLC in the UAE
Simple steps to form a Limited Liability Company
In its simplest definition, a Limited Liability Company (LLC) is a business venture which is commercial in nature with a maximum of 50 shareholders.
Understanding the basics of LLC formation in the UAE will make things simpler and speedier.
Process and paperwork
LLC company formation in the UAE follows a simple, systematic process:
Activities and trade name
Falling under industrial, commercial, professional, tourism, agricultural and occupational, the UAE offers more than 2,000 business activities, and the LLC will indicate chosen business activity. You are also allowed to form an LLC company with multiple business activities, subject to approvals.
The trade name of your new business must reflect your chosen activity/ies, and it must get approved. Approval is subject to the trade name not being in use or registered previously, and its observance of public morals and the public order of the UAE. When approved, the trade name is followed by the acronym LLC.
Initial and final approvals
There are several steps associated with LLC company formation in the UAE between receiving an initial approval and collecting a final approval including documentation, attestations, lease agreements, and payment of fees. Once these tasks are completed, the issuance of a license allows you to start running your business.
Our long and continuous experience means we are not only equipped to do everything on your behalf, but are extremely efficient at doing so.
Documents and attestations
Each shareholder will also have to submit personal documents like copies of passports and visas, bank statements and bank reference letters, as required. If you are already a UAE resident, you will need to get a No Objection Certificate (NOC) from your current sponsor or employers. If one or more shareholders reside outside the UAE, their personal documents will have to be attested and notarised from the home country, and re-attested at the UAE Ministry of Foreign Affairs.
Our business is helping people set up business in the UAE. You can rely on us to handle all your paperwork with ease, efficiency, speed and success.