LLCs have many great features that attract the attention of investors. For this reason, many people want to know how to establish a limited liability company in the Emirates, and this is what we will talk about in the following paragraphs. Continue reading with us to know more details.
What is a limited liability company?
Choosing the legal form of any company in the Emirates is considered one of the basic steps necessary to open this company and start working in it. Limited liability companies are considered one of the most popular types of legal forms in Dubai, for locals and foreigners. Moreover, limited liability companies are characterized by offering investors many wonderful facilities and benefits for Arab and foreign investors.
Features of limited liability companies
Among the most important features provided by limited liability companies, we mention to you:
- The process of establishing this type of company is very simple, from a legal standpoint.
- The cost required for this type of company is low compared to others.
- These companies allow you to obtain all types of commercial, industrial and professional licenses.
- There is no minimum capital for this type of company.
- It is very easy to establish branches of this type of company.
- Great facilities for opening these companies and opening a bank account.
- The ability to contract with local agents easily.
- This type of company has a special legal status, meaning that it is not affected in the event of bankruptcy or withdrawal of one of the partners.
- A significant reduction in the percentage of taxes due, which in extreme cases does not exceed 9% outside the free zones.
- In free zones, taxes are completely exempt, and ownership is 100% without a local partner.
Steps to establish a limited liability company
In order to be able to establish a limited liability company in the UAE, you must follow the following steps:
- The first step is to choose the appropriate area to establish this company, in the free zone or outside it.
- Obtain all licenses required for this company, which may vary from one company to another.
- Choose the appropriate name for the company, taking into account all the appropriate conditions for this process, and register this name.
- Concluding the articles of incorporation for this company, taking into account all conditions related to this process as well.
- Open a bank account for this company.
- Register the company with the Department of Economic Development.
Can service companies be used?
Of course, these companies allow you to carry out all the procedures necessary to establish this company in a shorter time. If you contact Tadabeer Company, it will ensure that you complete all the necessary procedures to open and operate this company, in the shortest time and at the lowest possible cost. Contact us through the links at the bottom of this article to benefit from our services or for any question or inquiry about the topic of today’s article.
Documents for establishing a limited liability company in the UAE
As for the documents necessary to establish this company, they are as follows:
- Limited liability company registration application form.
- Commercial license application form, or use the instant license.
- Trade name registration document and obtaining initial approval to establish the company.
- A letter from a UAE bank to each shareholder in the company.
- Identity card for citizens or a copy of the passport for foreign investors.
- The company’s articles of incorporation and articles of association are certified by the Ministry of Justice.
- The company headquarters lease contract certified by the municipality and the Civil Defense Department.
What is the model of articles of incorporation for limited liability companies?
It is a legal document that legally guarantees the owner of the company and all parties contributing to it all their rights. For this reason, every person who wants to establish this type of company must familiarize himself with this model, and read it correctly and completely.
Tadabeer Company..your partner in success
Tadabeer Company seeks to provide all the services necessary to establish various types of companies in Dubai and the Emirates. Among the services we provide are services for establishing and opening companies, opening commercial records, opening bank accounts, issuing various types of commercial licenses, consultations and advice, and many others. Contact us through the following links to benefit from our services and join our client list, or for any question or inquiry about the topic of today’s article.
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