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How to Open an LLC Company in Dubai
As one of the world’s most dynamic commercial hubs, Dubai provides a fertile environment for entrepreneurs seeking to establish a business. Limited Liability Companies (LLCs) are among the most popular business types for foreign investors in Dubai due to their flexible operational capabilities and minimal restrictions. In this comprehensive guide, Choose UAE will walk you through the process of how to open an LLC company in Dubai.
- TABLE OF CONTENTS
How to Open an LLC Company in Dubai
- First Step: Decide on Business Activity and Name, and Find a Local Service Agent
- Second Step: Obtain Initial Approval, Register Your Trade Name, and Draft a Memorandum of Association
- Third Step: Determine Your Business Premises and Secure a Lease Agreement
- Fourth Step: Furnish All Necessary Documents, Make Payment, and Secure Your Trade License
First Step: Decide on Business Activity and Name, and Find a Local Service Agent
The starting point for creating an LLC in Dubai is identifying your business activity from the wide array of options available in Dubai. Following this, select a unique company name that reflects your business activity and adheres to the guidelines laid down by the Department of Economic Development (DED) in Dubai. After this, locate a reliable local service agent (if needed), who, as per Dubai’s rules, will hold a minimum of 0% of the company’s shares.
Second Step: Obtain Initial Approval, Register Your Trade Name, and Draft a Memorandum of Association
Apply for initial approval with the DED and get your trade name registered. This approval is a green signal from the Dubai government for you to proceed with your business setup. Following this, draft a Memorandum of Association (MoA) that gives an overview of your business, its structure, and details about the shareholders and capital. This MoA must be notarized by a Dubai court.
Third Step: Determine Your Business Premises and Secure a Lease Agreement
It is a necessity for every Dubai-based business to have a physical location. Your choice of location should correspond to your business activity. Upon selecting the suitable premises, you need to acquire a lease contract.
Fourth Step: Furnish All Necessary Documents, Make Payment, and Secure Your Trade License
The concluding step is to furnish all the necessary documents to the DED, which includes the initial approval certificate, the notarized MoA, and the lease contract. Upon fee payment, you will secure your LLC trade license.
How Can Choose UAE Help
Choose UAE is here to help you with the smooth and timely renewal of your trade license in Dubai. We assist you in gathering the necessary documents, guide you through the application process, and ensure the payment of renewal fees. Trust us to make your license renewal hassle-free and compliant with the requirements.
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