Dubai Forums Dubai Expat Forums Working in Dubai

LLC Company is the abbreviation of Limited Liability Company. This kind of enterprise is flexible in nature and contains elements of both partnership and corporate structures. LLC is considered to be the one of the major form of business in UAE, especially in Dubai. LLC’s formation can be done by involving minimum 2 and maximum 50 individuals as partners and they will be liable for their shares in the capital of company i.e. they will be having a limited liability. The minimum capital essential for forming a LLC is AED 300,000 (US$ 81,744). This capital can be in the form of cash or in any other form. It is mandatory that 51% of equity have to be contributed by UAE national and 49% of equity have to be contributed by the owner. LLC in Dubai is not allowed to conduct businesses like banking, insurance, or investment of money etc. the licensing authority in Dubai for LLC formation is Department of Economic Development.

Find how to form a company in uae at Company formation Dubai