DED COMPLIANT BUSINESS REGISTRATIONS
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Company formation in Dubai with a Mainland License issued by the Dubai Department of Economic Development (DED)
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what YOU NEED TO KNOW
Limited Liability Company (LLC) - Onshore
Unlike Free Zone companies an LLC is not restricted on where it can trade in the UAE. Also, there are no limits on real estate ownership, or the number of visas you get. There are no minimum share capital requirements.
Foreign Ownership Restrictions
A common problem setting up a new company is the UAE foreign ownership restrictions. The rules state at least 51% of shares must belong to a UAE/GCC national sponsor. The sponsor may be either an individual or a corporate entity 100% owned by UAE/GCC nationals. The sponsor is usually called a local partner and many investors worry about relinquishing control of their company. But for trade with local companies you must be DED licensed.
We have a solution to the problem. It involves the sponsor signing a separate Shareholder agreement. As a result, you keep operational control of your business. The sponsor cannot make any decisions for the business or have access to bank accounts. In addition, you can sell the business without their agreement. All of this is now common practice in Dubai.
Steps to setting up an LLC:
Advantages of an LLC in Dubai:
obtain your ded license