LLC Company Registration
LLc companies are registered under the 2011 Licensing Law, officially known as the Law on the Organization of Economic Activities in the Emirate of Dubai. The DED must obtain all necessary approvals from the relevant departments and ministries before LLC registration can take place. Moreover, an LLC formation contract must be signed before a notary public and must be completely completed. In addition, the Power of Attorney holder must also sign the agreement.
Before registering your LLC company, you should have a business office in the Emirate. The office can be in any part of the UAE. You need to get an attested rental contract from Ejari, which is a mandatory registry of tenancy contracts. This document is required to order your trade license and open a bank account. Once you have the documents in place, you can begin the process of LLC company formation in Dubai.
LLC company registration in Dubai is fast and easy. You can get the necessary licenses and business licenses within 90 minutes. However, LLCs require a large amount of time, especially if you are a foreign investor. Hence, it is recommended to hire a legal professional to assist you with this process. A qualified attorney can also help you with the procedure. This firm will help you with the paperwork and will help you prepare the necessary documents for the registration.
LLC Company Setup in Abu Dhabi
LLC Company Registration in Dubai
After a successful LLC company registration in Dubai, you can now begin working on the process of opening a bank account. The UAE government requires that you open a business office before LLC registration can be complete. You can choose any part of the UAE for your office, but the location must be in line with the nature of your business and the turnover of your company. The process of LLC registration in Dubai is relatively straightforward and easy.
The next step in the process is to secure a trade name. You must have a trade name in order to form an LLC. If you have a mainland company, you will need a trade name as well. A trade name is the most important document for a business to operate legally. It also makes it easier to sell products and services. There are no restrictions on the location of an LLC. In the UAE, LLCs can trade in any country.
An LLC in Dubai has several advantages over a corporation on the mainland. The government will waive the requirement for paid-up capital and is not subject to VAT. An LLC has no paid-up capital requirements, allowing foreigners to be 100% owners of the business. Moreover, the minimum paid-up capital is low compared to a normal company, meaning that an LLC can be registered with only a few thousand dirhams.
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