LLC registration Dubai – Vitta Financial Analysis & Consultancy LLC

Understanding the Company Formation Procedure in UAE

Aswani — Tue, 18 Jul 2017 05:58:46 +0000

Just like there are specific laws for the foreign investors in countries across the world; similarly, Dubai also has certain laws that are applicable for the foreign entrepreneurs. UAE offers large scopes and world class facilities to the foreign investors but in order to invest in this country, they also need to adhere to certain regulations.

As per the law of UAE; the below-mentioned entities can be established without a UAE national as the majority shareholder:

Free zone company

Professional services company

UAE branch office

UAE representative office

Offshore company

The foreign investors who want to establish their companies in the mainland of UAE can choose

LLC company formation UAE: An LLC Company in UAE needs a minimum of 2 shareholders; one of whom should be the local sponsor. The local sponsor should be a UAE national with 51% share of the company. This type of business entity is ideal for those foreign investors who are interested in setting up business in UAE mainland.

Joint Stock Company (JSC): Joint Stock Company can be of two types:

Public Joint Stock Company: This type of company requires at least 10 shareholders and 3 directors and 51% share of the company must belong to the local sponsor. Moreover, 55% of the share must be offered to the public.
Private Joint Stock Company: This requires at least 3 shareholders and 51% share of the company must belong to the local sponsor. This kind of company can be engaged in industrial and large commercial activities in the country.

Apart from this, there is limited partnership entity which is ideal for investors investing in accounting or law sectors.

Individuals who are interested in LLC registration in Dubai need to follow the below-mentioned steps:

The company has to be registered with the Department of Economic Development

The company’s Memorandum and Articles of Association needs to be Drafted and notarized

The business license application form and documents have to be submitted to the Department of Economic Development

Complete the registration has to be done with the Dubai Commercial Register

Once the company is incorporated, the employees of the company should also be registered with the General Authority for Pension and Social Security and Ministry of Labor.

The post Understanding the Company Formation Procedure in UAE appeared first on Vitta Financial Analysis & Consultancy LLC.

Role of Business Setup Consultants in the formation of a Limited Liability Company in Dubai

Aswani — Tue, 11 Apr 2017 05:27:22 +0000

An entrepreneur is always in search of tax haven that would allow him to incur maximum profit by conducting the business. Among many global destinations, Dubai is one of the most popular countries that are known for their low taxation policies. There are numerous types of business formation in Dubai that include LLC, Offshore Company, Free Trade Zone Company.

Why Form a Limited Liability Company?

Apart from all the other forms of business setup, one should prefer forming a limited liability Company. The benefits of LLC company formation UAE are mentioned below:

100% repatriation of profits and capital with the organization.

Ability to open and maintain liberal bank accounts.

Ability to commence branches in Dubai

Eligibility to hold multiple offices and properties in the UAE

The UAE residence visas to the investors

Forming a Limited Liability Company in Dubai

To form LLC in Dubai one needs to have the following things:

Choose a company name that will be used to conduct business.

Frame Memorandum of Association (MoA) of the company.

Get Commercial Registration.

These are the basic steps of LLC company formation in Dubai and there are other intricate steps to be followed. So, for successful company incorporation, one should consider seeking the services of business setup consultants.

Role of business setup consultants in LLC company formation Dubai

Forming an LLC in Dubai is a potential setup in enhancing your business. However, to do so, one would need to put together several things for the successful LLC registration in Dubai. But being a foreigner, one might face numerous difficulties in doing so. So, it would be in the best interest to seek the services of consultants for a smooth LLC company formation in Dubai.

The business setup consultants perform the following functions:

Help find a local UAE national as the 51% shareholder.

Provides assistance in identifying office space suitable for business setup.

Ensuring that all the approvals and incorporation procedures are in place.

Plays a major role in opening bank accounts in the fastest time possible.

Providing full-spectrum of support service.

Assistance in arranging residence visa for the investor.

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