Forming a Limited Liability Company (LLC) in Dubai, United Arab Emirates (UAE) is a straightforward process, particularly suitable for expatriates and foreigners looking to establish a business with a maximum of 50 shareholders.
What is LLC company formation, how to open an LLC
HIGH PLAN is a pioneering company specializing in the formation of Limited Liability Companies (LLCs) in Dubai and the registration of businesses in the UAE. An LLC is a business structure that offers the benefits of both a corporation and a partnership, providing limited liability protection to its owners while maintaining a simplified management structure and pass-through taxation.
When you choose HIGH PLAN, opening an LLC is a straightforward process. Our team of expert consultants will walk you through each step, beginning with the selection of an appropriate trade name and defining your business activities. We’ll assist you in preparing all the necessary documentation, securing approvals from relevant authorities, and ensuring full compliance with UAE regulations. With our comprehensive support, the process of forming an LLC becomes efficient and stress-free.
Process for LLC Company Registration in Dubai, UAE
The process of forming an LLC company in Dubai is a straightforward and systematic one:
- Trade Name Reservation: Choose a unique and appropriate trade name for your LLC and have it reserved with the Dubai Department of Economic Development (DED).
- Memorandum of Association (MOA): Draft the MOA, outlining the company’s objectives, shareholding structure, and key details about the business. This document is crucial for company registration.
- Initial Approval: Submit the necessary documents, including the MOA, to the DED for initial approval. This step involves verifying the business concept and compliance with local regulations.
- Licensing: Apply for the required business licenses, which will vary depending on your business activities and location in Dubai.
- Registration with the DED: Submit all the necessary documents and pay the prescribed fees to register your LLC with the DED. This process will involve obtaining a trade license and other permits.
- Establishment Card: Obtain an establishment card from the UAE Ministry of Labor, which is necessary for hiring employees.
- Immigration and Labor Approvals: Apply for the necessary visas and work permits for your employees and shareholders.
- Bank Account: Open a corporate bank account in Dubai for your LLC to manage financial transactions. https://highplanservices.com/services/bank-account-opening/
- Commercial Registration: Complete the final registration steps, which include obtaining a commercial registration certificate from the DED.
- VAT Registration: If your business meets the threshold, register for Value Added Tax (VAT) with the Federal Tax Authority.
By following these steps, you can streamline the LLC company formation process in Dubai and establish a legal and compliant business entity. It’s advisable to consult with local authorities or business experts to ensure a smooth and successful setup of your LLC in Dubai.
Cost of an LLC company formation in UAE
The cost of registering your limited liability company in Dubai starts from AED 15000 and more depending on the activity and DED system. However, the fees vary depending on the industry type and services. The investor visa cost is between AED 3500. An employment visa starts from 5000 depending on the category of employee you hire.
Documents required to start an LLC in Dubai, UAE
When going through the process of LLC company formation, whether with the assistance of a company formation agent or by applying independently, the Dubai Department of Economic Development (DED) requires specific documentation and essential information. The necessary documents for establishing an LLC include:
- A copy of the investor’s passport.
- A copy of the local sponsor’s passport.
- A No Objection Certificate (NOC) if the shareholder is currently employed by a UAE company.
- A copy of the Emirates ID.
- The DED’s registration application form.
- An attested tenancy contract for the chosen office premises.
- An attested Memorandum of Association (MOA) from a public notary.
Utilize our complimentary consultations today to receive impartial guidance on UAE business formation, with our primary aim being to identify the most suitable solution tailored to your specific requirements.