Limited Liability Company is the most suitable license for trading companies in UAE as importing activity required more share value for UAE local partner in the license. 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.
Foreign Company branch cannot do trading of the product they are manufacturing from home country even if they add importing activity to branch license. The only option for trading is to register the commercial agency for the principal with any local company owned by 100% local or with individual UAE National.
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.
With LLC, for any trading activity, we can have related service activity also in the license.
For all types of business setup related queries please don’t hesitate to contact us. We are here with exact solutions.