How to secure an LLC registration in dubai
Before LLC registration If you want to setup an LLC in Dubai, then you need to know about the various processes that is involved with the setup, this includes the several kinds of registrations that you will be required to do. Well, if you’re looking to know more about the things you need to get your LLC company registered in Dubai, then this article can help you with that, where the several steps that are required are elucidated.
Limited Liability Company(LLC) LLC literally means limited liability Company, and it is a legal company structure where the company is owned by more than 2 shareholders with a cap at 50. Each individual is only liable to their share of the capital. In order to setup an LLC company, you will need to have a minimum capital of AED 300,000. It is also a requirement to have a local partner who will be entitled to 49% of the company’s share.
How is it done? In order for you to get an LLC registration in Dubai, you will need to get a local service agent. This local service agent is not responsible for your company’s finances but he/she will own at least 49% per cent of the company. However, nowadays, things are being done quite differently. Now you can pay this agent a monthly basis so that they keep out of your business and give you complete control over every single aspect of the company, although they still remain a shareholder.
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