New LLC Company Formation in Dubai UAEIn Dubai, there are a number of options for setting up new businesses and taking advantage of the local economic climate. One popular option is to setup a limited liability company, with a local partner who will own a government mandated portion of the business. Forming an LLC provides a number of benefits, but it is important that you are able to understand these benefits, by working with a consultant that can ensure that you are aware of your rights and legal obligations. Nam Associates can help you in deciding whether a limited liability company structure is right for you, while ensuring that you are in full compliance when it comes to setting up your venture.
Company Formation: Why choose LLC?There are a number of reasons why new businesses choose a limited liability structure. Some of the most common are:• An LLC company provides unparalleled access to local and nearby connected markets. Additionally, it can easily obtain local licenses and permits.
• As opposed to setting up in a free zone, businesses formed outside these economic areas have the freedom to lease or purchase business space anywhere in Dubai. Leases in the city can be more affordable than those in the established free zones.
• Capital requirements have been relaxed by UAE law.
• Activities are less restricted than with other company schemes for foreign investors.
• Foreign investors partner with a local investor who must hold a 51% stake in the business. This can be a spouse or family member.