One of the most common forms of companies in Dubai is the Limited Liability Company or LLC. If you are starting a company and you’re not sure whether an LLC business is right for you or not, you might want to read this article or better yet, consult commercial lawyers in Dubai. In this post, learn the advantages and disadvantages of starting a limited liability company in the UAE.
Advantages of starting an LLC company in Dubai
- Limited liability – as the name suggests, when your business goes down, you will only have limited liability as the owner or shareholder. Your liability will only be limited to how much you have invested in the business. For this reason, you will not be liable for any court injunctions or bad debts that may arise from your company. This benefit is one good reason people prefer to have an LLC as their business setup in Dubai.
- Set up a business anywhere – LLC companies enjoy the privilege of trading directly to the local market. This means that they can rent or buy office space and set up their business in the UAE mainland.
- A wider range of business activities – there are over 2,000 activities permitted by the DED for LLCs. From finance to agriculture, LLCs can conduct trade in these industries provided that they have the right licence.
- Business expansion – LLCs provide more opportunities for growing your business. Since you can set up with multiple shareholders, your company will enjoy a faster pace of growth. Moreover, once you have finally settled down with your first LLC business, you can then establish a branch office or establishment anywhere in the UAE.
- Government support – the UAE is for foreign and local investors. They have set up different initiatives to protect assets and capitals of LLC companies. Not only that, but the UAE government works hard to ensure that setting up process of businesses would be as easy and quick as possible.
Are you planning to set up a company in the UAE?
- Legal Documents for Every Startup
- Need a lawyer for small business?
- Importance of Hiring a Business Lawyer
- How to Set Up a Business in Dubai
For a quick and easy process of company formation contact or visit us today!
You'll need at least one partner, but there's no maximum number of partners when it comes to LLC company formations. With more partners making it an easier option for the LLC's assets to be protected from any legal issues that might arise, this should be one of the LLC company formations you consider. LLC Company Formations are available for purchase from our agency and they can be done with ease as well as providing high-quality customer service so that your personal assets remain protected while also being able to make profits!
ReplyDeleteThis is a great and valuable article. Thanks for sharing. Looking forward for reading more... Start Company In Dubai
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