Limited Liability Companies (LLC) are commonly used commercial entities that investors can set up in the UAE.
To establish an LLC, an investor needs to have at least one or more local sponsors or Emirati partners, i.e., the local partner/sponsor(s) must own a minimum of 51 percent of the shares in the LLC. Recently UAE Federal Law No. 19 of 2018 issued on Foreign Direct Investment, whereby the UAE Cabinet declared the positive list of activities covered by the FDI Law, which will allow foreign ownership of more than 49% up to 100%.
We acknowledge the concern investors may have due to the aforementioned 51% 49% shareholding arrangement; therefore, we have developed a secure and transparent nominee structure for LLC company formation that ensures the interests of our clients are fully secured in accordance with the law.
We can be the Corporate Emirati partner of your LLC Company, ensuring you can run your regular business operations without any interference. Therefore it eliminates the need to seek a trustworthy and reliable local sponsor relationship.
Benefits of LLC Setup
The major advantage of an LLC setup is that partners have limited liability to the extent of their share in the total share capital. There is no specific minimum share capital amount required by Abu Dhabi, and commercial law states that the capital should be sufficient for the company’s needs.
Businesses, including real estate and recruitment, are exempted from this rule since 100 percent locally owned entities can only establish these.
What we can offer
To set up an LLC company, we can:
- Make an application for a selected corporate name to the Licensing Department
- Prepare a draft of Memorandum of Association (MOA)
Make arrangement for attestation of MOA by the Notary Public
Submit an application to the Economic Department for license issuance
File a new company with the Commercial Register
- Attestation, Notarization and legalization of documents
- Apply for a partner visa
- Apply for family visas
As your service provider, we shall use our experience to manage all the necessary paperwork to establish your business on time. This includes applying for visas and licenses, obtaining labour quotas, translation services, and assisting with notarisation of documents.
Through our corporate office, you can obtain ongoing services and around the clock support.
Using our contacts, we can provide you the networking opportunities with key local contacts and government departments.
In the event the company decides for dissolution, we can assist you in either terminating your license or share transferring to a new sponsor.
Our company formation specialists suggest to our clients the best possible way to structure your business in accordance with the business activities which you are willing to undertake.