Limited liability companies in the UAE have many investment advantages, which makes them one of the best legal forms for companies. In today’s article, we will talk about all the important information related to Establishing a limited liability company in UAE. Continue reading with us to know more details about this topic.
Features of a limited liability company
Limited liability companies have many advantages, the most prominent of which we mention to you:
- Possibility of obtaining almost all different types of commercial licenses
- There is no minimum capital for these companies
- The ability to establish branches of these companies with great ease
- The possibility of establishing branches of the company inside or outside the Emirates with simple procedures
- The procedures for establishing and establishing this type of company are simple and easy to implement
- The ability to open bank accounts easily
- Possibility of contracting with local agents in the Emirates
- This company is not affected in the event of bankruptcy or withdrawal by one of its partners
- A reduction in taxes due, reaching a maximum of 9% outside free zones
- Total exemption from taxes within the free zones in the Emirates, such as Jebel Ali
- The costs of establishing this type of company are very low compared to others
- Facilitating many legal procedures related to the process of establishing and managing the company
Steps for Establishing a limited liability company in UAE
In order to be able to establish a limited liability company in the UAE, you must follow the following steps:
- First, determine the nature of the business and type of company, i.e. a commercial, professional or industrial company.
- Secondly, obtaining all the licenses required to establish the company, which vary according to the nature of the company’s work.
- Choose the appropriate trade name for the company, so that it must be compatible with the nature of the company’s work and meet the conditions related to this name within the Emirates.
- Concluding the company’s articles of incorporation, which takes place after selecting the appropriate location for the company’s headquarters.
- open a bank account for the company and depositing capital into it
- Registration with the Department of Economic Development
Documents for Establishing a limited liability company in UAE
As for the documents required for this company, they may differ slightly depending on the investor. But in general, you will need the following documents:
- Application form for registering this company
- Commercial license application form, which can be replaced by using the instant license
- Trade name registration document, in addition to the initial approval certificate
- A letter from a UAE bank to each shareholder in this company
- Identity card for resident citizens, and a copy of the foreigners’ passport
- The company’s articles of incorporation, in addition to the company’s articles of association
- The lease contract for the company’s headquarters
What is the sample contract for establishing a limited liability company?
It is a model that enables a foreign or local investor to establish a limited liability company in a legally sound manner while guaranteeing all the rights of himself and the persons contributing to the establishment of the company. This form contains all the special provisions related to guaranteeing the rights of all partners in the company. So that these terms are clear in detail to all participating parties.
Tdabeer Company is with you in every investment
Thanks to its work team, Tdabeer Company contributes to implementing various services related to the processes of establishing and investing in Dubai and the Emirates. It also provides a variety of other services related to obtaining commercial licenses and some types of visas as well. Do not hesitate to contact us to inquire about any questions related to the process of establishing a limited liability company in the UAE.
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