Forming a LLC

LLC formation in Dubai

Simple to make LLC in Dubai with basic 6 steps as follows:

1. The business activities taking place must have a commercial name selected with an approval must be obtained by the Licensing Department of the Dubai Economic Department.
2. The company have their Memorandum of Association (MOA) must be drawn up and then it should be attested in the Dubai Courts by a Notary Public.
3. In the commercial register the Dubai Economic Department approval must be mentioned along with the entry (which must be applied for).
4. Now, approval by the Dubai Economic Department is granted and it made the formal entry of the company in the Commercial Register includes publication of the company’s MOA in the Bulletin of the Economy and Commerce Ministry will then follow up the successive activities.
5. The next step is the issuing of License by the Dubai Economic Department to the company
6. The company is registered with the Chamber of Commerce and Industry of Dubai, it seems the important task at the end.

These are the step by step process for the LLC formation in Dubai, after the formation there are lots of benefits ahead for it. We shall discuss about the benefits here:

Benefits of LLC company formation Dubai

1. Since we start up LLC the foreign equity in the company cannot be exceeded 49%, thus profit and losses can be shared at different ratio the share capital.
2. The popular method of establishing a commercial company in UAE is high benefit of LLC.
3. There are many offers getting promoted that gives an unrivalled access to the wider UAE economy.
4. Minimum capital requirements is not specific.
5. The investor became the partner in the company.
6. The investor gets the investor visa and also can enjoys his/her an investor’s status in the UAE along with his/her family.
7. The investor can have an option to commence branches.
8. The investor does not need to have day to day interference for managing the business without the local partner.
9. The local national partner does not have the name of assets and capital which are created instead it will be in the name of the company itself.
10. The LLC company in Dubai have very easy to open global corporate bank accounts. There are some disadvantage for it also.