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The limited liability company (LLC) is the most common form of business entity formed in U.A.E. for engaging in commercial activities. It is the flexible form of enterprise that blends the features of partnership and corporate structures. It can be formed with a minimum of 2 share holders and a maximum of 50 share holders, whose liabilities are limited to their shares in the capital of the company. In a Limited Liability Company (LLC), 51% of the share holdings shall be legally held by a UAE national and 49 % can be held by the expatriate person or company. Most of the companies with foreign share holders opt for LLC due to the fact that this is the only option that provides them with maximum legal ownership i.e. 49% to the expatriates for a local business.

Normally no special permission is required for normal commercial business activities. Some of the business activities such as Tourism activities, Health Care activities, Architectural and engineering consultancy, Shipping , freight forwarding and logistics activities, Educational services, etc. require special approval and licenses from the respective authorities

TGS Koya Chartered Accountants can provide professional services and all the required assistance in the incorporation of the limited liability companies:

  • Advise the clients on the right type of legal structure based on the proposed business activities
  • Identifying local UAE national for forming the Limited Liability Company
  • Preparation of legal and other documents
  • Assisting in obtaining the approvals clearances and the license from the respective authorities and departments
  • Assisting in opening of bank accounts
  • Assisting the client in setting up the business by providing them with strategic inputs and business plans.

Professional Firms (Civil Companies) in Dubai & UAE

Partnership firms set up by qualified foreign investors to carry out their professional practice activities in the UAE, such as, management consultants, marketing consultants, interior designing etc are regarded as Professional Firms (Civil Companies). Such firms are allowed to do non commercial activities.

The expatriate investor can hold 100% stake in the equity and ownership of such companies. There is no requirement of 51% local equity. The local UAE national shall act as a service agent to the company. The local service agent will have no direct involvement in the business and are paid a service fee as per agreement.

TGS Koya Chartered Accountant can provide professional services and all the required assistance in the incorporation of Professional Firms in

  • Obtaining approvals and clearances from various authorities.
  • Identifying the local service agent
  • Preparation and drafting of the partnership agreement  and the other legal documents
  • Assisting in opening bank accounts
  • Finding office locations
  • Assisting in liaison with the various departments and obtaining the license.

Branch or Representative Office of Foreign Companies in Dubai & UAE

UAE Commercial Company Law (13) of 1988 allows foreign companies and corporations to open Branch and Representative Offices to exercise their activities (Licensed) in UAE.

  • Branch office is permitted to exercise the activities (Licensed) of its parent entity, subject to approval from the respective authority.
  • Representative offices are only allowed to have promotional activities supplementing the business activity of parent company
  • Representative office cannot enter into business transactions or market products.
  • Approval from the Ministry of Economy is required for obtaining the license for a branch or the representative office of a foreign company from the respective licensing authority of different emirates

TGS Koya Chartered Accountants can provide professional services and all the required assistance in the incorporation of the limited liability companies:

  • Obtaining approvals and clearances from various authorities.
  • Identifying the local service agent
  • Preparation and drafting of the legal and other documents
  • Assisting in opening bank accounts
  • Finding office locations
  • Assisting in liaison with the various departments and obtaining the license.

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