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Mainland LLC company formation in Dubai is the most preferred business structure among UK entrepreneurs looking to start a business in the UAE.
Following are the important points UK investors should understand about LLC company formation in Dubai
From 1st June 2021, foreign investors are permitted to own 100% shares in an LLC for select commercial activities, eliminating the need for a UAE national partner in many cases
Company liability is limited under this legal structure, meaning shareholders are not personally liable for the business’s financial obligations.
Minimum capital requirement to register an LLC in Dubai is AED 300,000, while in other Emirates, it is AED 150,000. This can be increased if desired by the UK investor based on the business model.
Profit and loss distribution can be allocated among shareholders. UK entrepreneurs can also appoint a third party to manage the LLC on their behalf.
LLCs are not permitted to offer finance, banking, or investment services to others and cannot issue shares as tradeable securities.
Any UK individual or company can establish an LLC in Dubai Mainland to carry out permitted commercial activities.
Branches of the same LLC can be set up across other Emirates or cities within the UAE.
Day-to-day management (including banking operations) can be undertaken by the manager appointed via the Memorandum of Association (MOA). This document must be notarised. The manager assumes full legal responsibility for any misconduct.
Limited Liability Companies are eligible for business loans and finance options from UAE banks, subject to credit approval.
Special activities may require additional approvals from regulatory authorities such as the Dubai Department of Economic Development (DED), KHDA, RTA, DHA, or DTCM.
It is mandatory to have a registered office or desk facility in Dubai Mainland. Some sectors may qualify for Sustainability Centres (desk facilities).
Expatriate shareholders, including UK nationals, are eligible for UAE residence visas valid for three years, subject to a minimum monthly salary of AED 7,000. This also allows them to sponsor family members.
The Labour Department permits the hiring of multiple employees, provided regulatory criteria are met.
LLC liquidation must follow proper procedure, including public announcements and audit reporting through government-registered auditors.
Flyingcolour® assists you with the best llc company formation in Dubai.