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Behandy Facility Management / Business Setup / MainLand / Branch / Representative Offices

Company Incorporation MainLand - Branch / Representative Offices

Limited Liability Company (LLC) is the most common form of business in UAE. A Limited Liability Company can be formed by a minimum of 2 and a maximum of 50 shareholders whose liability is limited to their shares in the businesses capital.

 

Most companies with foreign partners have opted for the Limited Liability Company, due to the fact that this is the only option that’ll give maximum legal ownership i.e. 49% to the expatriates for a local business. As it is mandatory to have a UAE national as a partner in the LLC (51% shareholding) prospective investor has the option to choose the one UAE national (sponsor) as a partner in the company. LLC is flexible and differential profit sharing arrangements also possible. This permits the foreign investor a great edge as 51% legal equity is with a local partner.

 

What are the Benefits of UAE LLC?

The most popular method of establishing a commercial company in UAE
 While foreign equity in the company does not exceed 49%, profit and losses can be shared at a ratio different from the share capital-unrivaled access to the wider UAE economy
No specific minimum capital requirements
The investor becomes the partner in the company
The investor gets the investor visa under which he/her enjoys the investor’s status in the Emirates along with his/her family
 The investor has the option to commence branches
 The investor can manage the business without the day-to-day interference from the local partner
 The assets and capital created will be in the name of the company and not in the name of the local national partner
 Few activities are restricted
 Easy to open global /local corporate bank accounts and avail credit facilities offer

 

 

The Licensing Authorities
 Dubai: Department of Economic Development
 Sharjah: Economic Development Department
 Abu Dhabi: Department of Economic Development
 Other Emirates: Municipality/ Chamber of Commerce

 

Company Incorporation Which Require Special Approvals and Licenses
 Tourism activities
 Health Care activities
 Architectural and engineering consultancy
 Shipping, freight forwarding, and logistics activities
 Companies in Dubai World Communities (Trakhees)
 Educational services

 

LLC Incorporation Services
BFM closely interact with clients to handle their LLC incorporation from starting point to finish line and assist with strategic ideas, work with their business plan :
Getting approvals and clearances from various departments,
 Drafting Memorandum of Association and other necessary agreements
 Help to bring local equity
 Finding local partners
 Helping to open bank accounts
 Assisting to find proper office location
 Handle other documentation formalities.
The span of time to form a Limited Liability company will be approximately 1-2 weeks from the date of receipt of all required documents.

 

 

Business Setup

Company Incorporation - Mainland

Company Incorporation - Free Zone

Company Incorporation - Off Shore

Limited Liability Company - LLC

Professional Firms (Civil Company)

Branch / Representative Offices

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