Limited Liability Company
UAE with its vibrant culture in which it has accommodated not only Emiratis but also the expatriates has placed itself as the most welcoming country in the GCC region. With population consisting of white-collar professionals to aspiring youths, UAE has the greatest potential to reach heights in the coming years.
Thus, making it an ocean of opportunities for entrepreneurs or corporates in UAE. To seize these opportunities in the most promising way, one needs to setup a business under Mainland License. In mainland license, the most pursued category of formation is the Limited Liability Company (LLC) formation.
Benefits of LLC formation in Dubai
- There are no territorial Limitations for Business Interests.
- Office location can be anywhere in UAE giving you a wider option to choose from
- Ability to do business anywhere in UAE and provide services to Government entities
- Financial Liabilities of the entity are distributed in agreement with percentage of holding in the company capital
- No Paid – up Capital Obligations
- Business setup can be formed with min two shareholders and can go up to 50 share holders
- Unlimited employment visas can be made available under this license
Things to keep in mind while starting LLC formation in Dubai
It’s always better to avoid any hurdles while forming a company by seeking the right guidance. The plausible mistakes one can make or might have to see through are the following ones.
- Your trade name must signify the business activities that you are planning to do.
- Business legal structure must be decided in the right way
- Various credentials to be submitted.
- Sanctions from Government entities need to be taken at right time
- A promising consultancy to smooth out the tiresome procedures
Stages in establishing a Limited Liability Company
The trade name should be decided based on business activity and must be submitted to check if the trade name has been already taken or is it available
All necessary credentials of the shareholders need to be submitted in relevance with the legal structure along with the signature.
Appropriate verification of the documents submitted by the concerned authorities of the region applying to.
Locating the right space for your office and confirming the rental agreement and registration of lease contract in the government portal
Once all the requisite documents are obtained, we can submit the application for approval for Licensing and on approval one can proceed with payment and then the issuance of license happens.
Providing the right services to meet the clients demand is what makes Yes Dubai unique. We, at Yes Dubai can be your go to Team, as we are quite knowledgeable in associating with the legal or local authorities to make this entire process an enhancing experience.
