Why LLC company is best for you.
SHAREHOLDING
Shareholidng
LLC companies must necessarily involve a local shareholder of the UAE. It must have a majority stake, i.e. a minimum of 51% of the shares. The remaining 49% maximum is distributed among foreign shareholders (one or more)
Registered Capital
The minimum capital contribution for an LLC in Dubai, is AED 300,000, equivalent to USD $81,744.00 or EUR 62,000. This capital contribution can be made in cash or in kind. Each share issued must have a minimum value of AED 1,000.
The Sponsor
In general, the local shareholder UAE is called the “sponsor”.
Business Activities Allowed in LLC UAE.
Beauty Salon.
Cafeteria.
Restaurants.
Retail Store.
Renting or Buying office premises.
GYM/ Fitness Center.
FAQ- Frequently Asked Questions
This depends on your needs, as well as the needs of your business. You could set up your company as a Sole Establishment (this is the same as a Sole Proprietorship), as a Limited Liability Partnership, a Limited Liability Company, a Private Limited Company, or a Professional Services Company.
You also have the option of setting up your company on the mainland, in a free zone (only limited liability company structures are permitted here), or offshore.