How to setup an LLC in Dubai?
Table of Contents
Introduction
Dubai, the land of opportunities, is an excellent choice for setting up a business. Establishing an LLC in Dubai can be your stepping stone to becoming a successful entrepreneur. With the assistance of a professional business consultant, starting a business in Dubai becomes much easier.
We are the most trusted company for LLC formation in Dubai, dedicated to providing efficient, cost-effective, and personalized services. Undoubtedly, forming an LLC in Dubai is the ideal business setup for new entrepreneurs.
WHAT IS LLC (Limited Liability Company)?
LLC is the most common business set up in Dubai and UAE mainland. An independent legal entity owned by multiple shareholders, established on the UAE mainland. It has low start-up costs and full access to the wider UAE marketplace.
A LLC can open a bank account, get a tax identification number, and do business that is all under its own name in Dubai. An ideal business set up for the new entrepreneur or business person.
Why Choose an LLC (Limited Liability Company)?
Affordability: LLC formation is a very affordable option with low startup costs.
Ease and Speed: The process of forming an LLC is fast and straightforward.
Business Flexibility: LLCs have no restrictions on the types of business activities they can engage in, as long as they are permitted to trade.
Family Benefits: Forming an LLC in Dubai allows you to sponsor your family and obtain visas for household helpers easily.
Location Flexibility: You can open your office anywhere in Dubai and across the UAE.
Visa Opportunities: Setting up an LLC in Dubai enables you to apply for multiple visas.
Steps to Set Up an LLC in Dubai
Choose a Business Activity
Dubai offers a wide range of business activities. The Dubai Development of Economic Department (DED) provides a comprehensive list of permitted activities. Select the one that best suits your business idea, and we can assist you in determining the most appropriate company structure.
Reserve Your Company Name
Selecting a company name must adhere to specific criteria: offensive words are prohibited, and names cannot include religious references. If you use your personal name, both your first and last name are required.
Apply for Initial Approval
Once your company name is approved, apply for an initial approval certificate from the DED. Upon receiving this approval, your company will be listed in the commercial registry.
Prepare MOA & LSA Agreement
To formalize your Dubai LLC, you and your business partners need to draft and sign a Memorandum of Association (MOA). This document must be formally translated and attested by a Notary Public.
For a professional service license, you must also sign a Local Service Agent (LSA) or corporate agent agreement with a UAE national. Although the LSA does not hold control or ownership, they will represent your business concerning licensing and compliance.
Find the Perfect Location for Your Company
An office is mandatory for LLC company formation in Dubai. You can choose any location within the UAE. Once you find the ideal location, get your rental contract attested by Ejari, the mandatory registry for tenancy contracts. An attested rental contract is required for obtaining your trade license.
Collect Your Trade License
Submit all the required documents to the DED. If all requirements are met, you will receive your Trade License, Certificate of Incorporation, Memorandum of Association, and Share Certificates for your company.
After Starting Your Business:
- Set up and fit out your office.
- Register your employees with the Ministry of Labour and General Authority for Pension and Social Security.
- Process visas, labor cards, and other necessary legal documents.
- Publish the LLC’s MOA in the Bulletin of the Economy and Commerce Ministry.
- Open a bank account for your business.
Required Documents for LLC Formation
Below documents are required for initial approval:
- Applicant’s passport photocopy( including visa page copy)
- Registration application form from Dubai Economic Department.
- Trade name Reservation Document
- Photocopy of applicant’s naturalization identification for UAE nationals only.
- NOC letter from the applicant’s current sponsor (not applicable for GCC nationals).
- Approval issued by other Government authorities according to the type of business activity.
Hiring GenZone for Business Setup Needs
Setting up an LLC in Dubai is a strategic move for entrepreneurs seeking a thriving business environment with numerous advantages. By following the outlined steps—choosing a suitable business activity, reserving your company name, obtaining initial approval, preparing the necessary MOA and LSA agreements, securing an office location, and collecting your trade license—you can successfully establish your business in one of the world’s most dynamic cities.
Dubai’s supportive infrastructure, strategic location, and business-friendly policies make it an ideal destination for new entrepreneurs. Embrace the opportunity to start your LLC in Dubai and position your business for success in a vibrant and competitive market.
Book a call with us now to get started!
