Limited Liability Company UAE

www.hlbhamt.com

Limited Liability Company (LLC) is the most common form business in UAE. A Limited Liability Company can be formed by a minimum of 2 and a maximum of 50 shareholders whose liability is limited to their shares in the businesses capital.

Most companies with foreign partners have opted for the Limited Liability Company, due to the fact that this is the only option that’ll give maximum legal ownership i.e. 49% to the expatriates for a local business. As it is mandatory to have a UAE national as a partner in the LLC (51% shareholding) prospective investor has the option to choose the one UAE national (sponsor) as a partner in the company.

• L.L.C is flexible and differential profit sharing arrangements also possible. This permits the foreign investor a great edge as 51% legal equity is with local partner.

The licensing Authorities

• Dubai: Department of Economic Development• Sharjah: Economic Development Department• Abu Dhabi: Department of Economic

Development• Other Emirates: Municipality/ Chamber of

Commerce

What are the benefits of UAE LLC?

• While foreign equity in the company does not exceed 49%, profit and losses can be shared at a ratio different from the share capital

• The most popular method of establishing a commercial company in UAE

• UAE LLC offers unrivalled access to the wider UAE economy• No specific minimum capital requirements• The investor becomes the partner in the company• The investor gets the investor visa under which he/her enjoys

the investor’s status in the Emirates along with his/her family

• The investor has the option to commence branches• The investor can manage the business without the

day-to-day interference from the local partner• The assets and capital created will be in the name

of the company and not in the name of the local national partner

• Few activities are restricted• Easy to open global /local corporate bank accounts

and avail credit facilities

Company incorporation which require special approvals and licenses

• Tourism activities• Health Care activities• Architectural and engineering consultancy• Shipping , freight forwarding and logistics

activities• Companies in Dubai World Communities

(Trakhees)• Educational services

L.L.C incorporation services

HLB Hamt’s Consultants closely interact with clients to handle their LLC incorporation from starting point to finish line and assist with strategic ideas, work with their business plan;

• Getting approvals and clearances from various departments,

• Drafting Memorandum of Association and other necessary agreements

• Help to bring local equity• Finding local partners• Helping to open bank accounts• Assisting to find proper office location• Handle other documentation formalities.

The span of time to form a Limited Liability company will be approximately 1-2 weeks from the date of receipt of all required documents.

Contact Us

www.hlbhamt.com