Limited Liability Companies (LLC) are one of the most common types of incorporate commercial entities that entrepreneurs and corporations can establish in the UAE. With a quick and easy process and a broad range of business activities, LLCs are widely preferred by entrepreneurs and corporations that want to enter the UAE market and establish a solid footing in the Middle East region.
The current law on commercial entities ( Commercial Companies Law) in UAE requires Limited Liability Companies to have at least one Emirati partner. This means the local partner/sponsor(s) must own a minimum of 51 percent of the shares in the LLC and expatriate will be 49 percent shareholder.
At Plus UAE, we understand that some foreign investors might be concerned about this arrangement and the thought that another individual or local company will hold more than half of your company. Nothing to worry. If you choose to partner with Plus UAE, we will be the Emirati partner of your LLC company, ensuring you can run your day-to-day business operations without any interference. This set-up maintains a trustworthy and reliable local sponsor relationship. Local partner will be a silent party for license registration without any demand on profit share.
MORE INFORMATION ABOUT LLC COMPANY FORMATION IN ABU DHABI, UAE
- No required minimum capital investment
- No local corporate tax
- Physical office or withour Office Space (Optional)
- Any document written in a foreign language should be translated into Arabic by a legal translator and duly certified by the Ministry of Foreign Affairs and Ministry of Justice, for companies incorporated abroad.
Benefits of collaborating with Plus UAE
- Efficient Local Sponsor: We will provide eligible local sponsor/partner for your business license only on FIXED annual sponsorship fee. Does not required profit share or any royalty.
- – Money Saving: We guarantee a considerable reduction in the cost of your Document Processing and Clearing.
- – Time-Saving: Enabling you to devote more time to your core wealth creation activities.
- – Dedicated Consultant: One point of contact for all services
- – Renewal Reminder Service: Our computerized client database system stores all essential information including all renewal dates for your licenses, visas, and registrations. We act for you on time and avoid you incurring any penalties.
- – Hassle Free Service: All your document processing is hassle-free.
- – Growth Partner: As a part of an international conglomerate we always have considerable resources at our disposal. We are able to match the resources required to maintain the quality of service you expect even when your business is growing at a supersonic pace.
- – Transparent Service: You get detailed breakdown and receipts of all Government charges and expenses.
The estimate for LLC formation:
- Cost for setup is AED 10,000 to 20,000 (Approx. for a Departmental fee – may vary according to activities)
- The office can be arranged with minimum requirements with starting rent of AED 15,000/-
Our Local partner/sponsor fee :
Starting from AED 15,000 – (Depending on the scope of activity local partnership fee may vary)
Documents for LLC:
- Valid Passport copies and national ID copies for partners
- Company license copy, Board Of Resolution and Power of Attorney copy for foreign company partnership.
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