LLC Company formation in UAE requires a minimum of 2 and a maximum of 50 shareholders, with the liability of a shareholder being limited to one’s share in the capital. It has less start-up cost and full access to the UAE marketplace. They are allowed to do business in their local emirate and also can import and export freely.
Over the years, Dubai being a business hub in the Middle East is the favourite location of investors all over the globe for the formation of company. Most of them prefer to setup LLC Company as it remains diverse in its policy and flexible for business activities.
LLC company in UAE must have 51% of the shares held by a UAE National also called as Emirati Sponsor and the expat investor can own maximum of 49% shares of the company. GCC Nationals can own 100% share of the company and if GCC National has an expat partner then 51% of the share must be owned by UAE National.
Step1: Company’s dissolution notice and appointing a liquidator
Step 2: Cancellation of license(s) & cancellation from the Commercial Registration:
|DESCRIPTIONS||FEE in AED|
|Liquidation Audit Report & Confirmation of Appointment Liquidator||AED 3,000|
|Company Liquidation Certificate – Initial Approval (DED)||AED 2,020|
|Final Approval (DED)||AED 3,030|
|Arabic and English Newspaper publication - (45 days)||AED 1,575|
|Al Fursan Al Raeda Technical Services Llc Dubai professional inclusive 5% UAE VAT||AED 5,250|
Al Fursan Al Raeda Technical Services Llc Dubai assist in completing the procedure of LLC company formation as well as LLC company liquidation in UAE.
Years in Operation
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