DEPARTMENT OF ECONOMIC DEVELOPMENT (DED) LICENSE
Limited Liability Company LLC allows foreign investors to retain 100% Profits and shareholding structure must remain on only 49% of the Business ownership. 51% of shares will be on the UAE national sponsor.
LLC is a popular business setup in the UAE. This can be formed by a minimum of 2 and a maximum of 50 shareholders whose liability is limited to their shares in the businesses capital.
Dubai LLC formation allows companies to come up with flexible, differential profit sharing arrangements with UAE national Sponsor. The Sponsor can be paid a fixed annual fee, a percentage of sales or a percentage of profits. Sponsorship fee may also vary depending on the business activities and requirements of clients.
Benefits of Dubai LLC Business Setup
- A Dubai LLC formation offers unrivaled access to the Dubai government business and the local UAE economy.
- In Dubai, Capital Deposit rule has been cancelled. i.e. Limited Liability Company can be formed without Bank Deposit Certificate and Auditor Certificate.
If you would like to keep 100 percent ownership of the company, you need to opt for a license and location in one of the many Free Zones of the UAE.