How do I start an LLC company in Dubai?
Over the years, Dubai has become a top destination for business owners and entrepreneurs. Aside from being a top choice for investors and tourists, the UAE’s policies on business ownership make it an ideal location for those who want to set up company in Dubai.
What is an LLC?
A Limited Liability Company or LLC is the most common form of business in the UAE. It can be formed by a minimum of 2 and a maximum of 50 shareholders whose liability is limited to their shares in the business capital. The business laws in Dubai offer shareholders full personal protection from liabilities.
How to start an LLC Company in Dubai?
- Decide on business activity
The first step for starting a new business is selecting a business activity to focus on. This will make it easier to determine other important factors that will be crucial to the business including business setup in Dubai cost, how the business will operate, will it require you to work in a rented office, etc. Once you are ready to start the legal process, you need to declare all of your company’s business activities.
- Get approval for your company name
Choose a company name that represents your chosen business activity. Aside from choosing a name that is easy to remember, your company name must make sure that it adheres to all policies and doesn’t breach any naming convention law maintained by the government.
- Get initial approval from the DED
Your business location is a crucial factor for your business, not only in filing your documents, especially if you want to establish a business that requires a physical store or production site. Renting an office or workspace in Concord Tower Media City, may be beneficial to your business if your focus is the electronics and the media industry. Once you’ve chosen an ideal location, you submit the requirements and get initial approval from the DED.
- Complete the required documentation and apply for a trading license
Once you get the initial approval, submit other required documentation including MoA and LSA documents, visas and passports of shareholders (if applicable), etc. Then obtain your trading license for your business. If you’re not familiar with the laws, procedures, and authorities in the UAE, you may get the best PRO services in Dubai to get the job done.
Whether you need help with the legal procedures of establishing your business or you need advice in establishing your business in Dubai, Austria Business Center offers a range of business solutions and an office for rent Dubai to meet all your business needs.