Limited Liability Company in Dubai, Uae LLC
Company form for foreign investors is the
Limited Liability Company ("LLC") due to, among other factors, its
flexible management structure, and protection of minority shareholders. The
L.L.C. requires a minimum of two and a maximum of 50 members and in all cases
must have a minimum of 51% U.A.E. ownership. The minimum capitalization is
Dh150, 000. Management of the L.L.C. is vested in the "managers" (up
to five natural persons).
- The investor becomes the
partner in the company with the 49% share.
- Investor gets the investor visa
under which he/her enjoys an investor’s status in Dubai along with his/her
family.
- Investor can open an account in
the bank having his authority to operate the account as well as creating
any kind of banking transactions without local national’s assistance. The
local national partner cannot open an account in the bank as bank account
operations authorization is clearly mentioned in the name of the investor
in the court agreement.
- The liability of the company is
restricted to the company only. It means that if any loss occurs in the
company, the partner’s personal assets are not attachable.
- The investor gets more facility
to employee people in the company.
- The investor can create more
branches at different places for his activities.
- The investor can run the
business without the day-to-day interference of the local national
partner.
- The assets and capital created
will be in the name of the company and not in the name of the local
national partner.
Posted by Winston Wambua, Senior Business Consultant
For more information about Company Formation or inquiry you can contact me on
Tel + 97155 3350517
E mail Winstonk@live.com
Skype Winston.Wambua
There are many reasons why a new entrepreneur would choose to form an LLC or Limited Liability Company to run their business. New or smaller scale businesses will
ReplyDeletegreatly benefit from having a Limited Liability Company structure. Ordinarily, an LLC will provide a structure for businesses that will reduce operating expenses and maximize gains. A very vital reason to form an LLC is for the protection it provides for the owners of a company.
Massachusetts Limited Liability Company
This is nice. I learned something new here. Something not mentioned in schools that is. limited liability company
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