LLC Formation
UAE with its multifaceted cultural population has become the most appealing business destination in the GCC regions. UAE, with its high infrastructure and business welcoming environment has appealed a favorable position among entrepreneurs across the globe.
Entrepreneurs who want to seize the opportunities spread throughout UAE; the best option is to setup a business under Mainland License. Under mainland license, the most sought after one is the Limited Liability Company (LLC) formation. Though there are options under Mainland License to obtain 100% ownership through a Local Service Agent (LSA), Limited liability company formation remains the top pursued license.
Advantages of LLC formation in Dubai
- No territorial Constraints for Business Pursuits.
- Broader range for deciding office location
- Liberty to trade anywhere in UAE and Government entities
- Liability of the entity is shared in accordance with shares in the companyâs capital
- No Paid â up Capital Requirements
- Can start with min one shareholders and go up to 50 share holders
- Limitless employment visas can be obtained
- 100% ownership
Things to look out â For LLC formation in Dubai
It is better always to have an heads up on the things that we are about to venture into. The possible hiccups we might face, when not guided right
- Trade name to indicate your business activity
- Forming correct legal structure based on your activity
- Numerous documentation procedures
- External approvals required from Government entities
- Reliable consultancy to smoothen out the tedious procedures
Steps in forming a Limited Liability Company
- Decide on the trade name to be given for the entity
- Necessary documentation of the share holders that need to be submitted
- Proper attestation of the documents by the concerned authorities
- Finding the space for office location
- Registration of lease agreement with the government portal
- Submission of requisite documents for approval for Licensing
- Payment for issuance of License
The above-mentioned procedures or processes can be easily achieved with a remarkable team along with you throughout. We, at FirstStep can be your best team as we are experienced in connecting with the legal or local authorities to make this entire process as effortless as it deems to be
