Process of Establishing an LLC|UAE LLC Company|Dubai LLC Company|LLC Process Establishing|Europe|Africa|Sharjah|Abu Dhabhi

It is necessary to avail license from the Department of Economic Development or the Municipality.

Preliminary Consent for Name and Activity from the Department of Economic Development is the pre-requisite.

In the case of Special Nature Activity, the approval from concerned Ministry/Department is the groundwork step.

One has to draw up company's Memorandum of Association and has it notarized from courts of respective Emirates.

For LLC Company, Capital contribution certificate to be obtained from banks for cash shares and auditor's certificate for both cash shares and kind shares.

Person should submit applications and initial approval along with notarized copy of Memorandum of Association, capital certificate, tenancy contract etc., to the Department of Economic Development or the Municipality.

After inspection by the legal department, the Company name will be entered in the Commercial Register and have its Memorandum of Association published in the Ministry of Economy and Commerce Bulletin.

Conditions for establishing LLC :

1. The number of partners should not be less than two and not more than fifty.

2. The objectives of the company should not include conducting the business of insurance,     banking or investment of money for others.

3. The capital should not be less than three hundred thousand Dirhams (Dhs. 300,000) and it     should be divided into equal shares whose value is not less than one thousand Dirhams     each. This share shall not be represented by negotiable instruments.

4. The shares of the UAE nationals should not be less than 51% of the capital of the     company, taking into consideration the business activities reserved for nationals.

    Incorporation of such a firm shall be according to the following procedures.

5. Approving the name of the Company.

6. Preparation of the Memorandum of Association.

7. Authentication of the Memorandum of Association.

8. Approval of the Memorandum of Association.

9. Inscription in the Commercial Register at the Trade Licensing Department 10. Publishing     the Data of the Company.

10. Obtaining a Trade License.