The most prevalent business trend in the UAE has been the establishment of LLCs in the country. Now that expats can control 100 percent of their businesses even on the mainland. Therefore, the numbers for LLC company setup in Dubai are expected to soar to new heights.
The modern infrastructure, easy access to resources, and tax-free environment are just a few of the numerous reasons why you should establish an LLC in Dubai. Furthermore, connecting with Shuraa’s qualified consultants, who’ll handle all the heavy lifting for you, makes forming a business in Dubai easier than ever.
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Step-By-Step Process for Launching an LLC in the UAE
All you need to do is follow the steps discussed below for incorporating a business in Dubai:
1. Finalize the Business Activities for your LLC
Do you have a list of tasks you’ll do every day once your LLC is up and running in the Emirates? If you don’t have one, you’ll need to draft one and submit it to the Department of Economic Development (DED) for review. The DED gives you the freedom to choose from over 2,000 different activities.
Furthermore, if the proposed business activities are not covered by the economic department, entrepreneurs can seek external approvals. You won’t have to worry about it if you work with Shuraa’s business consultants, who’ll make LLC formation in Dubai effortless for you.
2. Decide a Business Name
Reservation of a trading name is an essential part of an LLC company set up in Dubai. Business owners must ensure that the trademark they choose to use as the formal name of their LLC is distinct and not a gimmick of another company. Furthermore, all of the trade names on your list should follow the government’s naming policy standards.
Your LLC’s name should not include any negative terms or phrases that refer to a God or religion in any way. Furthermore, if you wish to adopt a person’s name as your official business title in Dubai, you must use their full name. It’s worth noting that if you want to use a foreign trading name, you’ll have to pay an extra cost.
3. Choose a Location for Your LLC
Where do you wish to start your LLC? Have you considered the various business sectors in the UAE and how they can benefit your company? All of these factors must be taken into account before deciding a location for your LLC. The best thing is that you can now establish a limited liability company with 100% foreign ownership on the mainland.
You can contact the relevant authority to see if your business activities are eligible for full expatriate ownership. If this is the case, you won’t require the services of a local sponsor. All you’ll need is a local service agent (LSA) to assist you with the business license application, documentation, and translation procedures.
4. Rent a Workspace
Renting office space in the UAE is advised for a variety of reasons. To begin with, you won’t have to worry about making large initial investments if you own a company property rather than renting one. When you rent space, you also have the opportunity to relocate when your business needs change.
When you buy office space, you won’t be able to do the same since you’ll have to sell it first before undertaking any other management decisions. Entrepreneurs can also set up a virtual office with Shuraa and register their LLC from anywhere in the world. All you have to do is enter into a sustainability commitment with us.
5. Obtain an LLC Business License
Once you’ve completed all the above procedures, you can request an LLC trading license. A business license is a legal document that certifies your LLC’s operations and allows you to operate, produce, and distribute on Dubai’s land. You must submit all relevant documents to the appropriate authority for review and await their decision for your LLC company set up in Dubai.
Business applicants can add extra operations to their LLC business licenses by acquiring external authorization from the relevant governing organizations. Moreover, Shuraa’s business professionals assist in the preparation of all necessary paperwork and files for submission to the DED. We make sure everything is on schedule to avoid unforeseen delays in business license approval.
6. Secure Visas and Open an Account
You must administer visas for yourself and your family, which is rather simple once you understand the process. In addition, visas can also be obtained for family members and domestic employees. If you have provided the necessary paperwork and there are no other issues with your visa application, you will receive the visa permits soon.
The final step for an LLC company setup in Dubai is to register a corporate bank account. Therefore, ensure that the bank you select should be dependable, secure, and advantageous for long-term partnerships. Shuraa’s legal advisors identify the finest banks for you after analyzing your business needs and monetary activities.
Documents Required for Incorporating a Business in Dubai
The UAE follows a strict documentation policy to foster a safe and crime-free working ecosystem for all investors. Here’s a summarized list of documents you’ll need for LLC company setup in Dubai:
- Payment receipt of trade name reservation
- List of business activities
- Passport copy of the shareholders
- Entry stamp or visa page
- Passport size photograph as per the protocols (size, background color, etc.)
- Initial approval receipt and documents submitted previously
- Copy of the lease agreement signed by the Real Estate Regulatory Agency (RERA) in Dubai
- Duly attested Memorandum of Association (MoA)
- Approvals from other concerned government authorities
- Formal agreement letter with the local service agent
Establish Your LLC Company in Dubai
You have made the correct choice to form an LLC in Dubai because of the lucrative business opportunities and favorable government regulations. To simplify the LLC company set up in Dubai, all you have to do is contact Shuraa’s company setup specialists. We handle all of the paperwork, licensing, banking, and other formalities for you at a reasonable fee.
