One of the most popular legal forms of companies in the UAE is limited liability companies. Many investors want to know how to establish these companies, in addition to their special features. For this reason, in the lines of this article, we will talk about all the important information about establishing a limited liability company in the Emirates. Continue reading with us to know more details.
Features of a limited liability company in the UAE
Among the most important features offered by these companies, we mention the following:
- Possibility of obtaining industrial and professional commercial licenses of various types. Except for some activities, such as tourism, health and educational activities.
- There is no minimum capital for these companies, but it is required that the company secure an amount sufficient to carry out the activity, which is estimated by the Dubai Economic Development Authority.
- The ease of establishing branches of these companies in the Emirates, whether these branches are within the Emirates or outside it.
- The ease of procedures necessary for establishing these companies, in addition to the ease of opening their bank accounts.
- These companies are not affected in the event of bankruptcy or withdrawal of one of its partners. Which means that it has its legal status in the state.
- Low tax rate due to this company, as it does not exceed 9% outside the free zones, and 0% within the free zones.
Steps to establish a limited liability company in the UAE
As for the steps for establishing a limited liability company, they are as follows:
- Determine the type of this company, if the investor wishes to establish it in the free zone or outside it.
- Obtaining all the licenses required for this company, which vary from one investor to another.
- Select the appropriate name for this company, according to the conditions related to the operation, and register this name with the relevant authorities.
- Preparing and signing a draft of the articles of incorporation. The articles of association must be drafted with details about the company’s objectives and activities and signed by all shareholders.
- Open a bank account in Dubai for this company.
- Registration of the company and investor with the Department of Economic Development.
Tadabeer Company for Corporate Services
Tadabeer Company helps in implementing all the procedures necessary for the process of establishing a limited liability company, in addition to other types of companies in the Emirates. Contact us through the following links to benefit from our services, or for any inquiries about the topic of today’s article.
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