Register your LLC Company in Dubai: Getting your registered business in Dubai is an important step in establishing your company in Dubai. Registration in the Dubai mainland is a more complicated process than in a free zone but has a lot more benefits depending upon the business.
A Limited Liability Company (LLC) licence is given for many industrial and commercial business activities. Company formation as LLC means that the UAE shareholder should own 51% of your company. The number of shareholders can go up to 50 for a Limited Liability Company.
There is no minimum cap on capital investment. The process of getting your business registered in Dubai is easy provided you know which departments should issue your documentation. You can also hire up to 5 managers who may not be UAE nationals.
What are the benefits of registering your company in Dubai?
- A lot of business benefits are offered when you register your company in Dubai.
- The list of businesses you can choose from the DED list is long, and the opportunities are many.
- There is less hassle in hiring staff and visa quota.
- The investor(s) will get a visa and the eligibility to sponsor a visa for the family.
- Expand and open more branches in the Dubai mainland.
- Credibility is higher- fewer problems in opening a corporate bank account.
- Eligibility to apply for government tender and contracts.
- The company can purchase real-estate in Dubai.
- Trade freely in the local UAE markets.
- Imported goods are exempt from customs duty.
Cost of registration for LLC in Dubai
The cost of registration varies for mainland, free zone, and for branches. You will need a trading licence. The most expensive part of setting up an LLC is the office space rent. According to the popularity of the location, it can be on the higher side of your expectation. Try to negotiate a contract for a period like 1-year instead of the monthly rent. You can also choose a less popular location to keep your costs low.
The rates vary for general trading companies and industrial trading companies. You have to shell out extra for getting a foreign name, and if you are trading in items that require permissions from other departments.
Hire a consultant to get clear information and easy route to get your business registered in Dubai.