LLC Company Formation in Dubai: All You Need to Know About the Procedure!!

LLC Company Formation in Dubai: All You Need to Know About the Procedure Entrepreneurs willing to start their business in Dubai have different choices, and one of the advantageous choices to start a business is through a Limited Liability Company or LLC in short.

A Limited Liability Company is termed as one of the easiest and the most common types of entities preferred by an entrepreneur intending to set up a business in Dubai. It can be defined as a business formation in which the liability of the business partners is limited to the extent of their total shares in the capital. An LLC is completely a distinct and separate legal entity, meaning that it can open a business bank account, get tax identification number (TIN), and do business under its own name.

How to Setup LLC Company in Dubai?

Mentioned below are the steps to set up a Limited Liability Company in Dubai.   

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First of all, choose a legal structure for your business.

Choose the type of activities as well as a unique name that the LLC will be involved in.

Select a location that is suitable for you according to the type of business you have chosen. Remember that all the company operations need to be carried out through a virtual or physical office location. Besides, also keep in mind to choose a location depending on the factors like easy transportation, nearness to the market, etc.

Once done, gather all the important documents and submit them to the DED, i.e.

Department of Economic Development of the UAE. If your company needs some special activities then you have to get approvals for the same from relevant government authorities and regulatory.

Apply for a trade license, Memorandum of Association (MOA), Certificate of Incorporation, tenancy agreement and share certificate for your LLC business set up.

Finally, obtain labor cards, visas, and other required documents.

Important documents needed to Setup LLC Company in Dubai: The following are some of the significant documents that are required for LLC Company formation in Dubai:   

Registration application from the DED. Passport copies of all the managers and shareholders Trade name application and reservation

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NOC application from the sponsor if the manager or partner has a residence visa in Dubai if that’s applicable All the initial approvals from the DED Memorandum of Association (MOA) attested and signed from the public notary Tenancy contract application from the office attested by the civil defense department of Dubai municipality or Planning Department along with a clear location plan Bank letter for each shareholder

Keep in mind that the aforementioned documents are required to be attested and notarized in both the applicant’s residence country as well as the relevant UAE consulate. Also, the process should be started as early as possible because it can take time for completion.

For any help or support with the company set up process, you may also take help from professional business set up consultants who are skilled and trained in establishing the businesses in the UAE. Contact Details Address: Level 20, 48 Burj Gate, PO Box 36615, Dubai, UAE Phone: +971 55 571 6614 E-mail: team@socialiteconsultancyservices.com Web: http://www.socialiteconsultancyservices.com/