Dubai Limited Liability Licenses (LLC)

The LLC is the most popular type of business model in the UAE. It provides a vehicle for new businesses to secure local and national sponsorship as well as protecting employees and investors from the need to worry about taxes and instead offering freedom on bank transactions – additionally: work visas for foreign employees are issued very rapidly.

Limited Liability Companies can be set up in 1 to 2 weeks from the date of receipt of all the documents with a minimum of two and a maximum of fifty individuals whose liability is limited to their shares in the company’s capital. Foreign equity in the company may not exceed 49 percent; therefore a UAE national partner must hold a 51 percent share. LLCs are most common among foreign investors and under an LLC, a foreign partner can undertake management of the company and fix the annual fee for the local sponsor or national partner. THE NEXT ERA GROUP OF COMPANIES will provide the advantage of corporate sponsorship acting as the local corporate nominee partner effectively giving full control of the company to the foreign partner.
Partners in LLCs are not required to present capital to authorities for incorporation.

This form of license is for any type of commercial and industrial businesses, in most cases this license is issued for businesses that are engaged in trade (imports, exports) of physical goods both inside and outside of the UAE as well as manufacturing of goods. The Dubai Economic Department allows 5 to 6 business activities from the same trading group per trade license.

For this license one must have an office space in Dubai. Next Era can help you to identify such premises.

Corporate Features