The Limited Liability Company formation is the most general type of business setup in Dubai – UAE. Business setup in Dubai opens the entire UAE market and establishes a regional existence that permits access to a broader market. The process of new company registration in Dubai has several requirements
There are several documents required for this purpose along with two approvals (initial and final approval). But this whole process can easily be managed by formidable consultancy firms. They can easily cooperate with relevant local authorities and handle this lengthy and difficult process easily.
As mentioned above, there are two types of approvals (initial approval and final approval) required for new company opening in Dubai. Different documents are required to be submitted for both these procedures. Interested foreign investors will be required to submit these documents in relevant authorities.
Dubai is consistently trying to improve quality of life for its citizens and expat residents. For this purpose, several opportunities are provided to investors who are looking to how to open a private clinic in Dubai. But professionals like to establish a health clinic as it is cost effective and easy to run. These health clinics can be launched in mainland UAE as well as in free zones. Dubai Healthcare City (DHCC) is one such free zone designated for medical facilities and the authority of this free zone provides complete support for setting up health clinic in the DHCC.
Requirements
- A limited liability company should have minimum of 2 and maximum 50 partners
- A local sponsor is required for LLC formation in Dubai. This local sponsor will hold 51% of shares while the foreign investor will retain the remaining 49% shares. Company owners have 100% shares in case of professional license
- Minimum one and maximum 5 managers are required. Shareholders can also be appointed as managers. These managers are responsible to manage day to day activities
- You are only allowed to perform industrial or commercial business activities after Dubai LLC company formation. These Dubai LLC companies are not allowed to practice legal consultancy, other consultancy services, accountancy & auditing of financial statements and most of professional activities
- The name of LLC Company in Dubai should be same according to its activity mentioned in Dubai name
- Shares of Dubai LLC Company can’t be offered to the public subscription to establish or increase capital and loans
Focusing more closely on the UAE, the Event Management License in Dubai is very much in keeping with this global and regional trend. The Dubai World Trade Centre alone hosts hundreds of events – from international trade fairs and consumer shows to corporate functions and conventions – welcoming millions of global visitors annually. And this is a picture that is reflected throughout Dubai’s quarter of a billion dirham events industry in particular. As far back as 2013, Dubai’s event management industry was predicted to be worth around AED 165m (USD 45m), and has seen growth of 25% per annum in the years since. Now with Expo 2020 on the horizon this trajectory doesn’t look like it will be slowing anytime soon. Dubai is expecting to welcome around 25 million visitors to the event which is estimated to generate up to USD 23bn for the emirate – equal to 25% of the city’s GDP between 2015 and 2021.
Benefits of New Company Formation in dubai
- Permits you to do local trade and services
- Most popular form of establishing a commercial company in UAE
- Offers supreme access to the wider UAE economy
- No minimum capital requirements for Sharjah free zone company formation
- Investor getting investor visa without security deposit
- Option for investor to launch branches in any emirate
- No involvement or local partner in day to day business activities
- Easy to open corporate bank accounts and credit facilities
- Enjoy World class infrastructure
- Warehouse and office facilities
