How To Start An LLC Company in Dubai – Step By Step Guide

As an established or aspiring business owner, you’ll find that one of the best options to expand into the UAE comes through LLC company formation in Dubai. This city in the United Arab Emirates, has quickly become recognised as one of the top locations in the world in which to establish a company. 

LLC Company – Its Meaning In Dubai 

What is an LLC company in Dubai? LLC stands for Limited Liability Company. Some features of an LLC are as follows:

• It usually has between two and fifty shareholders
• Each shareholder is only liable for their investment in the capital 
• It is usually formed on the Dubai mainland 
• It can operate and trade anywhere in the UAE or GCC 
• LLCs have no restrictions on real estate or number of visas 

At the hands of a professional business setup company in UAE such as Bizvisor, your business in Dubai will be up and running in no time. The following is an in depth look at the advantages, disadvantages, benefits and costs of setting up an LLC in Dubai. 

What Are the Benefits Of LLC Companies In Dubai?

Setting up a company in Dubai gives you access to one of the fastest growing business hubs in the world. The United Arab Emirates has the 30th-largest economy in the world and the second-largest economy in the Middle East and North Africa combined. The nation offers free trade zones that permit one hundred percent ownership, as well as great infrastructure and a tax-free income. 

Creating a limited liability company in Dubai has a number of major benefits to offer. These are some of them: 

1. Simple and fast formation: 

Forming a limited liability company (LLC) is quick. In only three hours and ten minutes, you will be able to register your company with the Department of Economic Development (DED). The typical time required to set up is between four and five days. However, the process could still be delayed due to a variety of factors, including certifications required by the government. 

2. Tax advantages: 

Limited Liability Companies (LLCs) in the UAE are exempt from paying any type of income tax and do not need to file tax returns. 

3. Wide scope of permitted commercial endeavors:

You can engage in any of the 2,000 permitted commercial endeavors by submitting an application for a DED license. These ventures range from agriculture to travel. 

4. 100% foreign ownership 

A firm can have 100% foreign ownership, and will no longer be required to have a UAE national sponsor for certain types of company licenses. This permits complete ownership of non-free zone businesses to be held by foreign investors. 

On the other hand, what are the disadvantages of LLCs in Dubai? There are very few, and include a slightly higher cost, marginally longer processes and more government approvals than Free Zone or sole ownership setups. 

How to Start a Limited Liability Company In Dubai – The Process

In order to establish a limited liability company (LLC) in Dubai, you will need to verify that the company conforms to all of the relevant laws and regulations. The following is a list of the processes required to incorporate a limited liability corporation in Dubai, United Arab Emirates: 

Step 1: Decide on a name 

You will need to choose a name for the company as well as the kinds of activities in which it will engage in business. There are specific rules and guidelines to follow while selecting a name, and the Bizvisor team will be happy to help you navigate through this. 

Step 2: Choose a location 

You should choose a location that meets important criteria such as accessibility to your target demographic, availability of public transport, and whether it ties in with the nature of your business. 

Step 3: Pick an Existing Commercial Activity 

For the purposes of LLC company formation in Dubai, picking the appropriate activity is of the utmost importance. We will  assist you in determining the most suitable commercial endeavor for your organization. 

Step 4: Provide the DED with Copies of All Documents 

After settling on a name, activity, and location, the documents should be sent to DED for approval. A Bizvisor consultant can help you with a complete list of documents.  

Step 5: Process of Obtaining Approval for Activities 

Depending on the activities your future company plans to cover, you will be required to acquire approval from other relevant authorities. 

Step 6: Acquire the Necessary Licenses 

You will be able to obtain a Memorandum of Association, Certificate of Incorporation, Trade License, Share Certificates, Residence Permits, Tenancy Agreement, Labor Cards, and other legal documents once the relevant authorities have given their approval.

How Much Does It Cost To Set Up An LLC Company In Dubai?

There are various factors that influence the cost of setting up an LLC in Dubai. Different business activities may require different approvals, which add to the overall cost. In addition, the number of visas, the type of license and even the name you select can impact the cost. At Bizvisor, our LLC company formation costs start at AED 5,500.

Get Expert Help To Form your LLC Company in Dubai 

Helping you with LLC or Mainland company setup in Dubai is just the beginning of our services. 

In addition, we provide support in a wide variety of areas, including but not limited to tax preparation, legal consultation, human resources services, and more. Take advantage of our no-cost consultations today and get advice on UAE business creation that is completely objective, with the sole intention of meeting your requirements in the most effective way possible. Contact Bizvisor for LLC company setup Dubai details or more information on how to start an LLC in Dubai.