Why LLC is a Popular Business Structure in UAE
The UAE has been held up as one of the most prosperous countries in the Middle East, and its Emirates continue to be a business-haven in the areas of trade, finance, and commerce. This has enabled many a businesspersons to conduct Dubai business setup with ease.
Investors and eminent businesspersons looking to expand or carry out new business setup in Dubai have two choices, primarily: Free zone and Mainland. With over 45 free zones in the UAE, businesspersons have ample amount of choice in setting up their business.
However, one of the most popular business structures is Limited Liability Company (LLC). It’s defined as an entity over which many shareholders hold control, and is established in the UAE mainland. UAE LLC company structure follows the same rules as any LLC around the world. Not only is an LLC structure desirable, but it also is the most popular business structure in the UAE. Along with being quick and easy to setup with the help of top business setup consultants, the LLC business structure allows dealing directly with the local markets, unlike in free zones.
Seven Reasons to Choose LLC
If you’re considering setting up your business in the UAE, then consider the following 7 benefits of setting up an LLC company.
- Limited Liability Protection
One of the most compelling reasons that many entrepreneurs benefit from is that LLCs insulate them from personal responsibility. That is, if you’re a shareholder or the owner, you will not be held liable if the company goes bankrupt or gets into legal trouble.
- Unlimited Visas
If you’ve established an LLC with the help of business setup consultants in Dubai, then you have the option of applying for any number of visas. However, the number of visas is only limited by the office space available. For every visa, there must be at least 100 sq. ft. of office.
- Great Tax Relief
LLCs in the UAE are immune to taxes. That is, LLCs pay no taxes on their income, making it easier to finance goals.
- No Minimum Capital Requirement
Free zone businesses like public joint-stock company or a private stock business have a minimum capital requirement. But in LLC and LLC company formation, there is no need of worrying about minimum capital requirement. An LLC would need enough share capital to get started.
- Great Range of Permitted Business Activities
Entrepreneurs who go with an LLC company structure enjoy a wide variety of commercial activities. Other business structures usually have inhibitions in place of where the LLC structure provides opportunities. The DED has more than 2000 approved activities that can be carried out, and one has to procure a license for each of those activities.
- Expansion
An LLC is one of the most popular ways through which one can carry out new business setup in Dubai. Once you establish your business, not only will you be able to flourish in local markets, but also be able to open other branches around the UAE.
- Establish with Multiple Shareholders
LLC business structure is popular amongst all kinds of firms because they allow the formation of the company with multiple owners and shareholders. Shareholders can be companies, individuals, or both.
Start Here
There couldn’t be a better time to establish your company in the prosperous Emirates than now! Start your business with our help today!
Cross Link International is one of the best business setup consultants in Dubai and will assist you in Trade Licenses, company formation, Business License renewal, PRO Services, Visa Services, free zone company formation, Golden Visa Procural, LLC company formation, Dubai Business Setup, 100% company mainland setup, and many more services that go into business setup. You can reach out to us through + 971 4321 6631 / + 971 55 744 6445 or fill-in this form to get a free consultation from us.
*Subject to company structure
