If you want to start a limited liability company in Dubai, you’ve picked the perfect city. The city of Dubai has emerged as one of the best places in the world to establish a business.
The UAE is the world’s 30th largest economy and the Middle East and North Africa’s second largest. The country provides free trade zones that allow 100% ownership, zero income tax, and excellent infrastructure. Combined with its geographical location, these factors make Dubai ideal for starting a company.
Setting up a limited liability company in Dubai is straightforward if you work with a professional company formation specialist like Creative Zone, who can quickly get you up and running. So, in this article, we will look at what that encompasses. And by the end, you will have a solid understanding of how you can proceed with an LLC company formation in Dubai.
In this article, we will cover the following key topics:
- • Benefits of starting an LLC in Dubai, UAE
- • LLC company formation cost in Dubai, UAE
- • Steps to open an LLC in Dubai, UAE
- • Documents required to start an LLC in Dubai, UAE
- • FAQs
- • Working with Creative Zone
Benefits of starting an LLC in Dubai, UAE
There are several significant advantages to forming an LLC in Dubai. Among them are:
1. Quick setup: An LLC company formation is quick and easy. Yоu саn register уоur business wіth thе Department оf Economic Development (DED) іn juѕt 90 minutes. Typically it takes four to five days to set up. However, various issues can delay the procedure, including government certifications.
2. Tax benefits: LLCs in the UAE are 100% tax-free and do not pay taxes on any income.
3. Range of business activities: From agriculture to travel, you can apply for a DED license to engage in any of the 2,000 allowed economic activities.
4. 100% Foreign Ownership: Several company license categories will no longer require a UAE National Sponsor. This allows 100% foreign ownership in non-free zone enterprises.
LLC company formation cost in Dubai, UAE
The cost of registering your limited liability company in Dubai ranges from AED 20,000 to 30,000. However, the fees vary depending on the industry type and services.
Contact Creative Zone to get an up-to-date price tailored to your individual needs for an exact quote. This way, you can be sure you are getting precisely the price that matches the activities you want to carry out.
Steps to open an LLC in Dubai, UAE
To form an LLC in Dubai, you must follow specific steps and ensure that the firm complies with all applicable laws and regulations. Following are the steps for an LLC company formation in Dubai, UAE:
Step 1: Choose a Name
You must pick the name of the firm and the types of operations that your company will engage.
Step 2: Select a Location
When selecting your location, you need to consider factors like accessibility to your market, suitability to the nature of your business, and transit availability to get the most out of your office.
Step 3: Select a Business Activity
Choosing the correct activity is critical for any company registration in Dubai. Creative Zone can help you identify the best business activity for your planned company.
Step 4: Submit All Documents to the DED
After deciding on a name, activity, and location, submit all documentation to DED for approval.
Step 5: Approval Process for Activities
If your intended business engages in specific activities, you will need to obtain approval from other necessary authorities.
Step 6: Obtain Licenses
Once the necessary authorities have approved the company activity, you can get a Memorandum of Association, Certificate of Incorporation, Trade license, Share certificates, Visas, Tenancy agreement, Labor cards, and other legal documents.
Documents required to start an LLC in Dubai, UAE
Whether going through a company formation agent or submitting the application yourself, the DED requires certain documentation and some basic details. The documents needed to form an LLC are:
- • Passport copy of the investor
- • Passport copy of the local sponsor
- • No Objection Certificate if the shareholder is working in a UAE company
- • Copy of Emirates ID
- • Application form of registration from DED
- • An attested tenancy contract for the office premises
- • An attested Memorandum of Association from public notary
If you have any doubts, get in touch with one of the business setup managers at Creative Zone, who can direct you through the detailed requirements. They will help you set up swiftly while remaining fully compliant.
How do I start an LLC in Dubai?
An LLC company formation in Dubai, UAE, consists of four basic steps. First, you need to register your company name. You then need to submit certain documentation to the DED to obtain a business license. Third, you need to complete the visa process after receiving approval. The fourth and final step is opening your bank account.
How much does it cost to set up an LLC in Dubai?
The cost of registering your limited liability company in Dubai ranges from AED 20,000 to 30,000. However, the fees vary depending on the industry type and services. The investor visa cost is between AED 4,000 to AED 5,500. Depending on the category of employee you hire, the fee is between AED 5,000 and AED 7,000.
What does LLC stand for in the UAE?
The most common type of business in the UAE is a Limited Liability Company (LLC). It comprises a minimum of two and a maximum of fifty shareholders, each of whom is only liable for their part of its capital. An LLC can trade anywhere in the UAE and the Gulf Cooperation Council (GCC). Additionally, there is no income tax applicable or fixed capital requirement for an LLC.
Working with Creative Zone
So those were the key points on an LLC company formation in Dubai, UAE. While starting a business in Dubai appears simple enough, it requires qualified and expert professionals to handle all government-related work. They ensure a smooth setup of your new business.
Creative Zone is UAE’s oldest and most trusted business setup expert, having assisted over 44,000 entrepreneurs in successfully establishing their businesses since our inception in 2010. We specialise in delivering solutions that best fit your needs when starting a business by providing quick, dependable, hassle-free, and experienced assistance.
Assisting your business setup in Dubai is only the first step. We also offer assistance ranging from tax preparations, legal counsel, HR services, and more.
The benefits don’t end there. When you become a client of Creative Zone, through our networking tool, CZ Connect, every client gets access to a thriving community of fellow entrepreneurs. This allows you to interact, network, and develop significant relationships with the region’s larger business community.
Take advantage of our free consultations today and get unbiased advice on UAE business formation, with the sole goal of finding the best possible fit for your needs.