Limited Liability Company (LLC)
A limited liability company is a company registered with the department of economic development of an emirate, which requires 51% of the shareholding owned by a local UAE citizen. A limited liability company operates its business under a trade license issued by the department of economic development of the respective emirate, which is renewable every year.
Local UAE citizen (s) must own 51% shares of the issued capital of the company and any foreign citizen (s) / foreign company (s) can own the balance 49% of the issued share capital.
The Memorandum of Association can be drafted in such a manner that only the foreign owner can open, operate and close the bank account(s).
Yes an LLC can trade locally and internationally and also with any free zones in UAE through local dealer or agents.
If you do not know any local UAE citizen we can arrange local partner for you at a reasonable fixed annual fee.
No they are not involved in the day-to-day business operations of the company; they only help in visa and immigration processing for the company.
Yes, you are required to have a local office in the emirate you want to open an LLC.
Yes, an LLC can open its branches all over the UAE, including free zones and internationally.
An LLC can be incorporated in all the seven emirates of UAE namely Dubai, Abu Dhabi, Sharjah, Ras Al Khaimah, Ajman, Fujairah and Umm al Quwain.
It depends upon the emirate you open the LLC and the business activity you opt for your trade license.
Shareholders get investor visa from the department of immigration directly. No labor approval is required for investors.
You get approval for number of employment visas based upon the size of the office space.