en-USfr-FRen-GB
You are here:   Forum
Register   |  Login
 
Discussion ForumDiscussion ForumCivil Registrat...Civil Registrat...GeneralGeneralbusiness setup in dubaibusiness setup in dubai
Previous Previous
 
Next Next
New Post
 10/7/2019 3:44 AM
 

Opening a general trading company in Dubai  – A limited liability company is a corporate structure whereby the members of the company are not personally liable for the company’s debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation and a partnership or sole proprietorship. While the limited liability feature is similar to that of a corporation.

The primary reason business owners opt to take the LLC route is to limit the principals’ personal liability. Many views an LLC as a blend of a partnership, which is a simple business formation of two or more owners under an agreement, and a corporation, which has certain liability protections. Trading business in Dubai  An LLC is a more formal partnership arrangement requiring articles of organization to be filed with the state. An LLC is much easier to set up than a corporation, and it provides more flexibility along with the protection.

Construction License in Dubai is also a form of a Limited – Liability Company (LLC); which is the most common form of business in UAE. A Limited Liability Company 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

LLC Registration Dubai – Most companies with foreign partners have opted for the Limited Liability Company, due to the fact that this is the only option that’ll give maximum legal ownership i.e. 49% to the expatriates for a local business. As it is mandatory to have a UAE national as a partner in the LLC (51% shareholding) prospective investor has the option to choose the one UAE national (sponsor) as a partner in the company. LLC is flexible and differential profit sharing arrangements also possible. This permits the foreign investor a great edge as 51% legal equity is with a local partner.

Previous Previous
 
Next Next
Discussion ForumDiscussion ForumCivil Registrat...Civil Registrat...GeneralGeneralbusiness setup in dubaibusiness setup in dubai