Limited-Liability Company (LLC) A company that is limited by shares of either two shareholders or a maximum of 50 shareholders. The value of shares is determined as per the stake owned by the respective company. The majority of business activities are formed on an LLC basis, whereas certain activities such as Insurance, Banking, money investment and Real Estate are exempted.

There is no minimum capital required for an LLC company whereas if a partner desires to have an investor/partner visa in the same company then he/she will have to hold a value of AED 70,000 shares or above for obtaining a visa as per the Immigration norms. But if an investor decides to start up an LLC company in Abu Dhabi a minimum capital of AED 150,000 must be shown as deposit and can make use of the capital once the company has been incorporated.

Profit share of 20% must be assigned to the Local Sponsor

The MOA can be prepared solely in Arabic or both in English and Arabic but needs to be legally translated into Arabic.

Trade Name must be reserved at the initial stage based on the activity decided. Trade Names can be reserved from the following counters:

Fees: AED 720 (including service charges)

AED 2000 will be charged additionally on the company’s trade license if any foreign name has been selected. A trade name must not contain, the name of a place, region, country or a continent. It should also not contain the name of colors, the name of a person other than license holder and should be a name that will have a meaning when translated into Arabic.

A copy of the passport of at least one partner must be carried along to the counter in order to receive the name.

An Initial approval should be obtained from one of the nearest Tas-heel center mentioning the partner and activity details. The initial approval should also state who are the manager and partners.

Documents required to obtain the Initial approval:

An initial enquiry receipt will be received in place of initial approval certificate for activities that require special approvals such as RTA, Dubai Municipality etc.)

MOA/LLC Agreement

A Memorandum of Association needs to be prepared and attested by the Notary Public. A MOA must be typed by a legal translator and must affix authorized seal and signature on all the pages. The MOA must be signed in front of the judge in presence of all the partners and needs to be validated. The partners must sign in 4 copies. Once validated the MOA will be given back from the respective authorities in 3 copies and one copy will remain at the court.

Tenancy/Ejari

While preparing the documents above the partners needs to hire an office space or a Warehouse based on the activity being opted. The Tenancy Contract should be exclusively in the company’s name or the Local Sponsors name. An Ejari certificate should be obtained as per the RERA norms which mentions the rent/value of the property, tenure and size of the office.

Note: It is advised to check with planning department of Dubai Municipality at the DED of Business Village to check whether the property is suitable for the business being established.

Licensing

Submit all the documents as per the stages mentioned above to the tas-heel at the DED in order to obtain the payment voucher. The documents will have to be submitted directly to the DED if in case there are any additional approvals required.

The Partners can take a prior appointment and visit the DED directly to submit the documents.

Documents to be filed:

All documents must be submitted in originals, for receiving the payment voucher. Payment Vouchers are generated mostly the same time on submission of documents but will delay if any approvals are required from the municipality or any other relevant departments. The Payment Voucher can also be printed from the DED website by checking the Transaction and Payment status.

The Payment can be done online or through cash counter at the same Tasheel centre.