Limited Liability Company Setup in UAE
You can establish an LLC without any hassles. Knowing the application submission and approval processes will help you get the job done at the earliest. However, the professional help from an established business setup service in Dubai will be the best thing whilst proceeding with setting up a business in the UAE. Right from the initial to final phase, Kiltons support you with strategic ideas to help you with the LLC company formation in Dubai, UAE.
Kiltons have been helping expats and UAE nationals in setting up companies in the Mainland, Free zone, and Offshore jurisdictions. Established in 1999, the expertise we have acquired over two decades of existence has been pivotal in supporting businesses across UAE.
The steps for Limited Liability Company Setup in UAE elaborated in the succeeding paragraphs.
Select Your Field
Have you finalized which business you want to establish in Dubai? Obtain the list of business activities permitted in UAE Mainland from DED. Go through it to find whether the business you have in mind features in the list or not. If you haven’t decided on the field of business, choose the one from the list that you believe suits you. Else, discuss with us to get a detailed insight into each of the business activities and their pros and cons.
Name of the Entity
There is a laid down rule in the UAE regarding the naming of your company. Usage of offensive words, political or religious references are not allowed in the company name. Further, if you are opting to use your name as the name of the entity, you must use your first name and last name in an expanded condition. Select the name and forward it to the authority for approval. If it is rejected, the competent authority will suggest some changes. You may accept the changes and proceed. Alternately, choose another name that meets the guidelines and submit it.
Process Initial Approval
The Dubai Economic Department will issue initial approval for establishing a business. However, the process will involve approvals from various departments and ministries depending on the type of business. The application along with documents is to be submitted to relevant governmental agencies for clearance and approval. Once you receive the initial approval you can proceed ahead with the remaining process for commencing the business operations.
MOA, AOA, and Sponsorship
You must formulate an Article of Association (AOA) and Memorandum of Association (MOA), which specifies the company's legal structure, rules, and regulations. The AOA and MOA must be according to the existing policy guidelines and laws of the land in the UAE.
It is mandatory to have a corporate agency agreement with a local Emirati, who will be sponsoring your company. You are not authorized to establish a Mainland company without local sponsorship. You (and other shareholders) will hold 49% of the shares and rest 51% shares will be with the sponsor. All the legal formalities and economic transactions will be on the name of the sponsor. Due to the said reasons, you must ensure that the sponsor is a 100% reliable person.
Office Space and Commercial Space
Once you are through with the above-mentioned steps, you must find an office space and commercial space, if required. The lease or rent agreement must be registered in Ejari, the online registration system commenced by the Real Estate Regulatory Authority (RERA).
Obtain Trade License
Once you complete all the processes mentioned here, you can approach the authority for a Trade License. You must put up an application in the specified format, along with all the documents and certificates. The Trade License authorized MOA, and other relevant certificates will be issued post perusal of the documents submitted.
Required Documents For LLC Formation In Dubai, UAE
You need to submit various documents during the process of initial and final approval of LLC company formation in Dubai and UAE. Additional documents, other than those mentioned here, may be required depending on the type of business.
Initial Approval
- Application in the requisite format
- Company name according to the stipulations
- Copy of the passport of the expat/ company owner
- NOC from the local sponsor and Emirate ID, in case the applicant is a UAE resident
- Copy of the passport of the Emirati sponsor and family book
- Copy of passports of members of the director board
Final Approval
- Copy of initial approval
- Copy of Ejari and location address
- Notarised MOA
- All the documents submitted for initial approval
Kiltons Business Setup Services LLC have been the leading business setup services in Dubai since its inception in 1999. We have a team of professionals to guide, support, and aid you in setting up a business and commence business operations in UAE successfully. We are a trustworthy organization committed to customer satisfaction, our professionals work in tandem with the governmental authorities to obtain the best outcome for our clients.
If you are thinking of an LLC company formation in Dubai, UAE contact us now. Our experts will help you set up your business anywhere in UAE.
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