Why incorporate an Dubai Mainland LLC Company?
An LLC is specifically designed for businessmen looking to trade in the UAE and the rest of the world. They wish to benefit from the no tax regime whilst enjoy a low regulatory regime and engage in trade in one of the most important trading hubs in the world.
What are the Dubai Mainland LLC Company requirements?
A LLC or a Dubai Mainland company can be formed with a minimum of two individuals. Their liability is limited to their shares in the company’s capital. Individuals or International companies that want to engage in trade within the UAE and the rest of the world (both domestically and globally) usually are advised to pursue this option.
It is important to note that 51% of the shareholding must be owned by an Emirati national. Dubai Mainland Companies and LLC's can engage in trade freely within the United Arab Emirates without any restrictions.Having a local UAE national as a partner though may not seem attractive. Nevertheless, foreign nationals can benefit from the local partner to access the UAE market more effectively. The UAE national can offer his market knoweldge and expertise in order to penetrate the local market more effectively.
Minimum capital requirement for is 300,000 dirhams that can be in the form of cash or kind. This capital must be divided into equal shares where the value of each must not be more than 1000 dirhams.
What are its main advantages?
Dubai Mainland Companies and LLC's main advantages are:
Why use Freemont then?
0% corporation tax and no VAT imposed on most products imported or exported
efficient and streamlined goverment services and low regulatory regime
efficient government services and rule of Law
no restrictions on hiring expatriates
easy to open international corporate bank accounts
right to acquire infinite property in the UAE
LLC offers a UAE resident visa to the foreign entrepreneur/investor
everyday activities can be taken care by the foreign venture with least or no interference of the local UAE partner
Let us explain how Freemont group can help you set up your Mainland/ LLC company in the UAE. We are a European managed company that has been setting up UAE companies since 2006.
We know the right persons in the authorities and we have set up hundreds of companies in the UAE. So you will experience setting up your business the most cost effective and time efficient manner. That makes us unique in the UAE
In case you need a bank account we have a number of good relationships with the UAE banks and can provide bank introductions.
So you have an idea what the best solution for you is when you want to set up your business in the UAE. In any case, it is best to talk to one of our experts who can instantly tell you the best solution for your business.
for a Free Consultation on your personal situation.