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  Aurion acts as single window professional service provider for investors worldwide, to incorporate their new / branch / subsidiary companies in ....   We offer Public Relation services (PRO),with respect to various UAE freezones / immigration / ministries / government departments there by saving time and money...   Aurion is working in tandem with corporate SME division of several Banks in UAE to provide a wide range of assistance to Freezone companies....   We offer world class ISO certification consulting services in United Arab Emirates (UAE) which guarentees ISO certifications from various recognised certificate bodies..  
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UAE Freezones

 

Limited Liability Company in UAE

 
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Under the Commercial Companies Law or CCL (Federal Law No. 8 of 1984 Concerning Commercial Companies as amended by Federal Law No 1 of 1984 and Federal Law No 13 of 1988, Federal Law No. 15 of 1998), foreign investors are permitted to hold up to 49 per cent equity ownership in UAE companies, 51 per cent of the equity must be held at all times by one or more UAE nationals.

The Limited Liability Company or LLC is the most popular method of establishing a commercial company in the UAE, unless the business involves banking, insurance and investment activities conducted on behalf of third parties where a Public Joint Stock Company is required. Articles 218 to 255 of the CCL (inclusive) regulate the establishment of limited liability companies. The LLC requires a minimum of two and a maximum of 50 members and there is no minimum capital requirement. Management of the LLC is vested in the ‘managers’ (up to five natural persons) who may or may not be UAE nationals.

AURION assists in step by step procedure of registering LLC. It guides in the following:-

  • Introducing UAE National (Local Sponsor) to be 51% Shareholder
  • Assistance in drafting Memorandum of Association and Side Agreement
  • Identifying Office Premises according to Budget
  • Assistance in Court Attestation of Documents
  • Obtaining License
  • Applying and Obtaining Visas

Documents required for Initial Approval

  • Registration and licensing application, as well as proof of reserved trade name.
  • Photocopy of applicant’s passport (together with residence permit / visa details for non-GCC states nationals).
  • Photocopy of applicant’s naturalization identification for UAE nationals only.
  • No-objection letter from the applicant’s current sponsor for non GCC nationals.
  • Photocopy of the director’s passport, and no-objection letter from the director’s current sponsor.
  • Permission from the court to practice business, for applicants under 21 years.
  • Approval issued by other Government authorities according to the type of activity. The Company’s Board of Directors resolution to subscribe to the new company if the partner is an existing corporate entity in UAE or abroad (the resolution must be attested by UAE embassy / consulate or by a GCC state embassy / consulate and UAE Ministry of Foreign Affairs, and duly translated into Arabic).

Documents required after getting the Initial Approval

  • Initial Approval receipt
  • All documents submitted before in order to get the Initial Approval.
  • Photocopy of office lease including the plot number.
  • Original photocopy of the Memorandum of Association duly authenticated by the Notary Public.Contract of Limited Liability Company
  • If the partner is an existing corporate entity in UAE or abroad the Memorandum of Association and the Commercial Register Certificate must be attested by UAE embassy / consulate or by a GCC state embassy / consulate and UAE Ministry of Foreign Affairs, and duly translated into Arabic).

Start Your Business in Dubai

LLC Business Setup Cost

 
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