LLC COMPANY FORMATION IN DUBAI
Starting a business in Dubai can be an exciting and rewarding venture, given the city’s thriving economy and favorable business environment. For company formation in Dubai there are many options available including Free zones as well as mainland or LLC company formation in Dubai. When it comes to setting up a limited liability company (LLC) in Dubai, the Department of Economic Development (DED) plays a crucial role in issuing the necessary trade license. Dubai Business Advisors can assist you with LLC company formation in Dubai every step of the way.
For a new business in Dubai, Department of Economic Development will issue a DED trade license.
Here you will find information on;
- Documents required for LLC Company Formation in Dubai
Cost of LLC company formation in Dubai, UAE
Procedure for Dubai LLC Company Registration
Foreign Branch Setup
Support Services for LLC Company Formation
Documents required for LLC company formation in Dubai
When it comes to LLC company formation in Dubai, there are several essential documents that you will need to provide. These documents are necessary for the smooth and successful incorporation of your company. Dubai Business Advisors outlines the key documents required for LLC company formation in Dubai:
Three Proposed Trade Names: You will need to submit three preferred trade names for your company during the registration process. These names should be unique and in compliance with the guidelines set by the Department of Economic Development (DED) in Dubai.
Valid Passport Copy of Shareholder(s): You must provide a clear and valid copy of the passport for each shareholder of the company. The passport copy should show all relevant information, including the passport number, full name, date of birth, and signature.
Residence Visa or Tourist Visa Copy with UAE Entry Proof: If the shareholder(s) already possess a residence visa in the UAE, you need to provide a copy of the residence visa page. Alternatively, if the shareholder(s) are on a tourist visa, you must provide a copy of the tourist visa page along with the UAE entry proof, which includes the entry stamp page in the passport.
Tenancy Contract or Ejari: A tenancy contract or Ejari (a system for registering rental contracts) is required as proof of a physical office space for your company in Dubai. This document should be duly attested and include the full details of the office location, including the tenancy period and rental terms.
Additional Information or Documents: Depending on the nature of your business activities or the requirements of the authorities, you may be asked to provide additional information or documents during the incorporation process. These additional requirements can vary from case to case and may include specific approvals, NOCs (No Objection Certificates), or other supporting documents.
It is important to note that the specific document requirements may vary based on factors such as the nature of your business, the nationality of the shareholders, and the regulations set by the relevant authorities. Therefore, it is advisable to consult with Dubai Business Advisors or a professional business setup service provider to ensure that you have a comprehensive understanding of all the necessary documents and information required for your specific case.
By being well-prepared and providing the required documents accurately and efficiently, you can facilitate the smooth and timely incorporation of your LLC company in Dubai.
Cost of LLC company formation In Dubai
The registration cost for establishing a limited liability company (LLC) in Dubai typically ranges from AED 20,000 to AED 30,000. However, it’s important to note that these fees can vary based on factors such as the industry type and specific services required for your business.
In addition to the registration fees, there are other associated costs to consider. For instance, the cost of obtaining an investor visa typically falls within the range of AED 4,000 to AED 5,500. Depending on the category of employee you intend to hire, the fees can range from AED 5,000 to AED 7,000.
To obtain an accurate and up-to-date price quote tailored to your unique requirements, it is advisable to contact Dubai Business Advisors. Our team will provide you with a customized quote that aligns precisely with the activities you plan to undertake. By seeking expert guidance, you can ensure that you receive a comprehensive understanding of the costs involved in establishing your LLC in Dubai.
*It’s important to note that specific requirements may vary depending on the jurisdiction and specific circumstances. It is advisable to consult with us to ensure you have all the necessary documents and meet the latest requirements for LLC formation in Dubai, UAE.
*Final Payment Voucher Fees are determined by the type of business activity, third party approvals/ registrations as well as the cost of your annual lease (Market Fee is 5% ). Therefore the price of certain activities can widely vary and result in higher costs.
*All Government payments as per actuals supported by the original receipt.
*License fees are annual and payable upon license expiry for trade license renewal.
Procedure for Dubai LLC Company registration/ Professional license
The below is a reference for a Dubai LLC Company registration
Step-by-step process for LLC company formation in Dubai
- Choose a business activity. The first step is to choose a business activity that is allowed in Dubai. You can find a list of approved business activities on the Dubai Economic Department website.
- Choose a company name. Your company name must be unique and cannot be similar to any other company name in Dubai. You can check the availability of a company name on the Dubai Economic Department website.
- Obtain a trade name registration certificate and Initial Approval. Once you have chosen a company name, you need to obtain a trade name registration certificate and Initial approval from the Dubai Economic and Tourism Department.
- Obtain a Memorandum of Association (MoA) and Articles of Association (AOA). The MoA and AOA are the governing documents of your company. They set out the rules and regulations of your company, such as the ownership structure, the management structure, and the financial structure.
- Obtain a company registration certificate. Once you have the MoA and AOA, you can apply for a company registration certificate from the Dubai Economic Department.
- Obtain a business license. Once you have the company registration certificate, you need to obtain a business license from the Dubai Municipality.
- Open a bank account. You need to open a bank account in the name of your company.
- Obtain a tax registration number. You need to obtain a tax registration number from the Federal Tax Authority.
- Hire employees. If you need to hire employees, you need to obtain a work permit for each employee from the Ministry of Human Resources and Emiratisation.
- Start your business. Once you have completed all of the above steps, you can start your business.
Here are some additional tips for LLC company formation in Dubai:
- It is important to choose a reputable company formation agent to help you with the process.
- Certain business activities require additional approvals from the government authorities and can extend the duration for 1 month. The time is based on your chosen business activity is subject to additional inspections and approvals, the procedure can take longer.
Foreign Branch Setup/ Representative Office in Dubai
To establish a branch or a representative office in Dubai, a foreign company needs to go through a very detailed process which involves a lot of visits and approvals from the government. However, to briefly sum it up, the following steps would give you an overview of what you could expect during the incorporation procedure;
Identify and appoint a local service agent with the help of your consultant or consulting firm.
- Next is to get initial approval from the Dubai Economic and Tourism Department (DET)
Then follow registration procedures which involve many other steps with the Ministry of Economy
Select your office or office location.
- Submit the entire document with the approvals from the respective authorities back to DED to receive the license.
Although this process may seem lengthy and tiring but appointing an expert to handle the incorporation often saves time, money and unnecessary hassle.
Support Service for LLC Company formation in Dubai
Our support services are unique services offered to our clients to ease the entrepreneurial journey. These services are not provided by or affiliated with any particular Government authority or type of company license; however, they are a mandatory requirement for all our clients.
Facilitation for Company Bank Account Opening
Referral to Commercial Real Estate Agent
Free Company Stamp
Dedicated Account Manager to manage your documents and update you on the status of your applications
Exclusive Sessions and an invitation to networking events to grow your business
Complete PRO Services for Licensing (document processing)
Trademark / Trade Name/Logo Design Registration (on demand and requested as a separate service)
You take the first step to success- We do the rest!
Being a pioneer as LLC company formation in Dubai our client’s are our priority.
Explore the range of services we offer besides when you start your own business in Dubai
Airport Visa Drop-Off in Dubai
Arabic Legal Translation services
Dubai Ministry of Foreign Affairs (MOFA) Attestation (Degree, Marriage Certificate, Birth Certificate as well as Corporate Documents)
Trade License Amendments
Trade License Cancellation