A limited liability company can be formed by a minimum of two and a maximum of 50 persons whose liability is limited to their shares in the company’s capital. Such companies are recognized as offering a suitable structure for organizations interested in developing long-term relationships in the local market. In UAE, The minimum capital requirement law was abolished on 10th August 2009. While foreign equity in the company may not exceed 49%, profit and loss distribution can be prescribed. Responsibility for the management of a limited liability company can be vested in foreign or national partners or a third party. Contact PROBIZ to know more about LLC company setup rules.
Select a Commercial Name
Select a commercial name for the company and have it approved by the Licensing Department of the Economic Department.
Memorandum of Association
Draw up the company’s Memorandum of Association and have it notarized by a Notary Public in the Dubai Courts.
Approval from the Department of Economy
Seek approval from the Department of Economic Development and apply for entry in the Commercial Register.
Once approval is granted, the company will be entered in the Commercial Register and have its Memorandum of Association published in the Ministry of Economy and Commerce’s Bulletin. The license will then be issued by the Department of Economic Development.
Why Choose PROBIZ
PROBIZ provides comprehensive client satisfaction with financial intention and principles struggle to offer the most excellent business experience.
Quality is our priority. Whether you are a small or big business company; we will always provide you with quality business setup services in Dubai.
We’re on a continuous lookout for a transformation in business policies, yet offering better policies that are best and according to the environment.
We offer our clients the best-tailored services in town that are according to their requirements. PROBIZ team has experience of many years of business setup in Dubai. From carrying out the legal paperwork to the infrastructure and support, we’re the one-stop solution for all your business needs.