How to Reduce your Business License costs in the UAE

Dubai, one of the most attractive business destinations globally, is characterized by the mix of both the East and the West.

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Setting an LLC company in Dubai – How to?

In order to set up an LLC company in Dubai, the following steps are to be followed

Register your company with the DED
Draft & notarize the company’s Memorandum & Articles of Association
Submit all required documents and business license application with the Department of Economic Development
Register with the Dubai Commercial Register
once incorporated, register one’s employees with the Ministry of Labour and General Authority for Pension and Social Security

LLC registration Dubai

Application forms for the trade name and for the warrant are filled in accordance with the DED. In the case of one or both members being corporations, the LLC Subscription is approved by a copy of Certificate of Incorporation, along with an Association Memorandum and a Board of Directors resolution. It is advisable to have an authorizing person, a Power of Attorney, to act on behalf of the shareholders of the LLC.

You will be interested on: LLC Company Formation in Dubai

Initial approval in this regard will be made by the DED. There may be a need for Supplementary approvals, which are made depending on the activities proposed by the LLC. The process is much simplified now, where the DED obtains the approvals from departments and ministries. This was enacted through the 2011 Licensing Law officially referred to as the “Law of the Organization of Economic Activities Practice in the Dubai Emirate.”

After obtaining the initial approvals, and the required approvals from the ministries and agencies, an LLC formation contract is signed by the Power of Attorney Holder before a notary. After completing the contract, the above mentioned documents are procured for LLC company registration in Dubai.