The Limited Liability Company (LLP) remains to be one of the most popular corporate structures among the investors who want to establish a company in Dubai to serve their clients in the local economy. Unlike the free zones, where the business owners have to pay a huge amount of license tax and other indirect costs, the LLC Company formation in Dubai do not have to face any such hassles. In addition to all these advantages, the owners are also not liable to pay income tax on the income that they earn through their companies.
You have to carry a lot of paperwork:
When you are ready to open an LLC in Dubai, you need to carry out a lot of paperwork. There are some very necessary formalities that you have to go through before you can be established as an LLC. The first step that you should take is to seek the permission of the local governing body, which is known as the Dubai Commission for Business Affairs. You will receive an application from this representative office after collecting the required documents and information.
Submit relevant document and business plan carefully:
The next important step is to submit your business plan and relevant documents to the Commission. The plan should include the nature of your business and the services that you will be providing to your clients. The company registration in Dubai should also include the name of the members of the LLC, their contact details, and the contact address. Along with these documents, you also have to provide the documents relating to the payment of the fees as well as other related documents to the Dubai Office of Economic Research.
Submit Articles of association:
The next step involves the submission of the Articles of Association of an LLC in Dubai. These articles should include all the information such as the capital invested by you, your employees, and the nature of your business activities. The name of the local sponsor should be indicated in the name of the LLC. The business activities of your LLC Company in Dubai are defined in the Articles of Association as well as the Memorandum and the Operating Agreement.
Check out the necessary information on the web:
Most of the experts recommend that the individuals looking for an easy way to establish an LLC in Dubai should first check out the details available on the web about the same. The web can provide all the necessary information that will help you in starting up an LLC.
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