Dubai LLC
A Dubai Limited Liability Company (LLC) is one of the most popular types of Dubai Company incorporations, with Dubai emerging as one of the most sought after jurisdictions for investors. The following detailed information highlights the advantages and disadvantages of incorporating a Dubai LLC. It will also help you to determine whether a Dubai LLC is the optimum solution for your investment and business needs. |
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Advantages of a Dubai LLC
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A Dubai LLC gives investors access to a flourishing Dubai market. Through a Dubai LLC, it is possible to obtain a Trade License from the Dubai government. |
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With a Dubai LLC, investors can gain a physical presence in Dubai. Through a Dubai LLC, it is possible to rent business premises in Dubai, though office space in Dubai has become increasingly hard to find in recent years. |
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A Dubai LLC can get invaluable banking and financial support. After incorporating a Dubai LLC, it is possible to open a corporate bank account in Dubai and begin undertaking international banking transactions. |
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A Dubai LLC can be a stepping stone to further UAE business deals. A Dubai LLC is considered an ideal vehicle through which to conduct business in the expanding UAE local market. |
Disadvantages of a Dubai LLC
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A Dubai LLC requires 51% shareholding by one or more UAE nationals. However, profit and loss distribution can be mutually agreed, and the UAE national need not have a management role in the Company. |
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Incorporating a Dubai LLC is not confidential. A public register of shareholders and directors is required when setting up Dubai LLC. |
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A Dubai LLC needs transparency. A Dubai LLC must annually submit audited financial statements to the Dubai government. |
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Incorporating a Dubai LLC can be expensive. The minimum capital for a Dubai LLC is US$82,000. |
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There are restrictions on what type of business can be conducted with a Dubai LLC. A Dubai LLC is prevented from undertaking the following activities: |
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The set up process for a Dubai LLC can be time-consuming and fraught with unexpected beaurocratic pitfalls. |
Healy Consultants' fees to Incorporate a Dubai LLC | |
Healy Consultants' fees to set up a Dubai LLC is approximately between US$41,900 and $50,000 in Year 1, depending on the range of professional services and corporate structure required.
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Other Information | |
Please refer to our International Banking page for more information on the different offshore banking options available to you. | |
Contact Us | |
For more information on Dubai LLCs, email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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Back to Dubai Company Formation page. |
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Buy the Dubai chapter of Healy Consultants' Asia Business Set Up book for US$100, to order call +65 6735 0120 or e-mail email@healyconsultants.com
