How do I start an LLC in UAE?

How much does LLC cost in UAE?

Fees

Different UAE entity types
UAE mainland Year 1 Cost Year 2 Cost
Dubai trading LLC US$22,980 US$9,850
Dubai professional services LLC US$22,980 US$9,850
Dubai subsidiary LLC US$22,980 US$9,850

How much does a Llc cost in Dubai?

The cost for LLC license (with General Trading activity) in Dubai will be AED 26,990 approx. which is roughly $ 7350 for the first year. License renewal cost for next year will be reduced by AED 12,000 so Renewal cost will be AED 14,990 approx.

How do I set up an LLC in Dubai?

How to set up LLC in Dubai

  1. Choose a suitable and unique name and the type of activities that the LLC will be involved in.
  2. Choose an appropriate location that suits you according to type of your business. …
  3. Make agreement with a local sponsor who will own 51% shares of your LLC (profits may be distributed differently)

Can I own 100 LLC in UAE?

To what may be called a new dawn for the country’s business community, the implementation of the amendments made to the Commercial Companies Law (CCL) from 1 June 2021, now allows expats to have 100% ownership of business in UAE.

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What is LLC license in UAE?

The standard type of company in the UAE mainland is the Limited Liability Company (LLC). The DED is the government body authorised to issue all licences for LLCs and is responsible for classifying and regulating the types of economic activity that may be undertaken.

What is the cheapest Freezone in UAE?

Ajman Media City is the cheapest free zone in UAE. This freezone offers investors a range of business activities and business license types at the lowest cost.

How can I start a business in UAE?

Here are the key steps to set up a business in a free zone.

  1. Determine the type of legal entity.
  2. Choose a trade name.
  3. Apply for a business licence.
  4. Choose an office space.
  5. Get pre-approvals, register your business and get your licence.

How much money do you need to start a business in Dubai?

The minimum share capital amount differs significantly for each free zone and can range from as little as AED 1,000 to as much as AED 1,000,000 depending on the business activities and licences. Generally speaking, the average share capital requirement for free zones in Dubai is set at AED 50,000.

What are the requirements to be an LLC?

Steps to Form an LLC

  • Choose a name for your LLC.
  • File Articles of Organization.
  • Choose a registered agent.
  • Decide on member vs. manager management.
  • Create an LLC operating agreement.
  • Comply with other tax and regulatory requirements.
  • File annual reports.
  • Out of state LLC registration.

How much does it cost to get a LLC license?

State Filing Fee. The fee to register an LLC with the Secretary of State ranges between $40 and $500, depending on your state.

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What are the documents required for LLC registration?

The three essential LLC formation documents are:

  • Articles of Organization. The Articles of Organization — also called Certificate of Organization — is the equivalent of the corporation’s Articles of Incorporation. …
  • Operating Agreement. …
  • Employee Identification Number.

How can I register a company name in UAE?

Trade name registration in UAE can be done simply by filling up an application with the Economic Department. However, documents need to be submitted along with the application and trade name reservation fees must be paid at the counter. You can register your trade name online as well as offline in the UAE.