How to open an LLC company in Dubai?

Dubai is a global hub and business attraction city for investors and entrepreneurs due to its business-friendly environment, strategic location, tax benefits, and fast-growing economy. This has led entrepreneurs to choose Dubai to open an LLC company because it offers unique benefits, including 100% ownership, an easy company registration process, and operating anywhere in Dubai and internationally. In this blog, we will explain what’s an LLC company is in Dubai. What are the benefits of setting up an LLC company in Dubai, and how do you open an LLC company in Dubai? What are the required documents to start an LLC business in Dubai?

What is an LLC (Limited Liability Company) in Dubai?

LLC is an abbreviation of Limited Liability Company which refers to a legal structure in which the shareholder’s liability is limited to their capital investment amount. Hence, owners and investors are not personally accountable for the company’s debts or obligations beyond their ownership shares. So, an LLC offers the flexibility of a partnership with the liability protection of a corporation, making it a favored business structure for investors and entrepreneurs in Dubai.

What are the benefits of setting up an LLC company in Dubai?

Setting up an LLC company in Dubai offers a wide range of different benefits. Below are the most notable ones:

• 100% Foreign Ownership: You can own an LLC company without the need of local partner or local agent

• Easy Incorporation and business registration process: Fast business setup process and easy business incorporation.

• Access to a huge number of Business Activities: LLC & Mainland Company Incorporation gives access to more than 2000 business activities whether professional, trading, industrial…etc.

• Operate anywhere in Dubai and Internationally: Access the UAE local market and international market

• Employee Visa Eligibility: Automatic employee quota and visa allocation that can reach up to 20 visa allocations

• Ability to partner with Government Entities: LLC companies and Mainland companies can partner easily with government entities to supply and provide services.

• Open a Business Bank Account: Easy business bank account opening process in Dubai’s reputed banks.

• Accessibility to Dubai and UAE logistics facilities: LLC companies can access the logistics benefits and enjoy the import/export services.

How to open an LLC company in Dubai? What are the required steps and documents to start the process?

LLC or Mainland company registration is somehow a simple and straightforward process, but it requires careful understanding of the legal requirements, procedures, and documentation to comply with Dubai and UAE rules and regulations. 

Steps to open an LLC company:

Opening an LLC company in Dubai requires several steps and procedures. Below are the most important steps:

• Initial Approval: Is the first step which confirms that that the licensing authority has initially approved your request to start your business in Dubai.

• Trade Reservation: You have to approach the DET to book and reserve your company name. If the name is available, you will have to book it and pay the fees in order to have the trade name certificate.

• External Approvals: You need to check if your business activity requires a 3rd party or another authority approval. Such as: Building contracting, Gold Trading, foodstuff trading, security systems trading…etc

• Prepare and Sign the MOA: Once the initial approval is completed and the trade name certificate is received, you have to proceed with the MOA (Memorandum of Association) signature.

• License Issuance: You must approach the DET to submit all the documents: Initial Approval Certificate, Trade Name Reservation, External Approvals Documents, Ejari/Lease Agreement, and Passport Copy. Once the documents are submitted you need to pay the license fees.

• Investor Visa: You may approach the immigration authorities to issue your investor visa by submitting your passport copy and company documents.

• Open Business Bank Account: Afte your license and residence visa  issuance you can open your business bank account in Dubai and start your business operations monthly

Note: The above steps are the important steps and requirements. You have to consult with expert business setup consultant to provide you with customized steps as per your requirements.

What is the cost of LLC company registration in Dubai?

The cost of an LLC company registration in Dubai is not fixed as it can be affected by many factors such as: Number of shareholders, company capital, company name (English/Arabic), lease value, external approvals, and number of visas required. The table below illustrates the general cost of Dubai mainland business setup ( LLC company registration).

 In order to get a clear estimate, you can contact our expert business setup advisors at Assertive Zone. We will provide you with free consultation and customized business setup quote depending on your business model and requirements. inquire@assertivezone.ae/ +971502835397 / +971506129267

Finally, setting up an LLC company in Dubai requires several steps and documentation, which are concluded in initial approval, trade name reservation, MOA, submission, establishment card, investor visa, and some other procedures that should be taken. You have to make sure that every step is completed in a correct way and complies with the rules and regulations of the licensing authority. Proper consultation and guidance from a business consultant can help you set up your business in a correct way and avoid any delays or errors.