MAINLAND COMPANY - LLC

​Advantages

 

  • Possibility of doing any business with Mainland Dubai (B2B, B2C)

  • Large choices in terms of activities  

  • Possibility to rent an office anywhere in Dubai (outside the Freezones)

  • Greater number of Employee visas allowed

 

Disadvantages

 

  • Complex business set up (especially if external approvals are required (different entities and Ministries)

  • Most Expensive business set up   

  • Depend on local partner’s signature - required in some occasions

  • Time consuming/ complex Visa process

  • Office rental mandatory

 

Average time required to set up a company: One-Two months

 

Establishing a Limited Liability Company  (LLC) requires a minimum of two and a maximum of 50 members. Each of the partners shall only be liable to the extent of his share in the capital.

 

The partners’ participation should not be represented by negotiable certificates.

 

  • Other than insurance and banking activities, the LLC shall be entitled to practice any legal business.

 

  • Other countries’ nationals may set up a LLC to practice a commercial, industrial or professional business provided that there should be one or more UAE partner and his/their share(s) must not be less than 51 % of the paid-up share capital.

 

  • A company incorporated inside or outside UAE may set up a LLC to practice a commercial or industrial business provided that there should be one or more UAE or GCC partners and his/their share(s) should not be less than 51 % and the partners of the company must be from the same country.

 

  • The company may not resort to public subscription to make up its capital or to increase it or to get the necessary loans, and it may not issue any negotiable stocks or shares.

 

  • The company shall have a sufficient capital divided into equal shares, to be determined by its partners, to achieve the purpose for which the company has been set up.

 

  • Shares may not be divided, and if several people owned it, they shall choose one to be an individual owner against the company, and it may fix for the share owners a time for such selection, provided that after that date, The share may be sold to its owners, in which case partners shall enjoy a priority in purchase.

 

  • Losses and profits shall be divided equally among shares unless otherwise herein stated.

 

  • The share of each partner shall be transferred to his heirs and the ones mentioned in the will shall be treated as heirs.

 

  • A Limited Liability Company (LLC) can be managed by a manager / managers that may be selected from the partners or any other parties providing that they do not exceed a total of five persons.

 

  • The manager / managers shall be appointed by Memorandum of Association  (MOA) or by a separate management contract for limited/unlimited terms. If the manager/managers are not appointed as stated in the above paragraph, the General Assembly of the partners will appoint them.

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