Kamalaai Corporate Services is one of the leading business setup companies in UAE. We offer the host of comprehensive company formation services which are designed to help investors as well as entrepreneurs to establish operations anywhere in UAE.
We provide quick,effective & hassle free service.
Limited Liability Company (L.L.C.) Department of economic development (DED) License A Limited Liability Company can be formed by a minimum of two and a maximum of fifty shareholders whose liability is limited to their shares in the company’s capital. Under the Commercial Companies Law or CCL (Federal Law No. 8 of 1984 Concerning Commercial Companies as amended by Federal Law No 1 of 1984 and Federal Law No 13 of 1988, Federal Law No. 15 of 1998), foreign investors are permitted to hold up to 49 % equity ownership in UAE companies, whereas 51 % of the equity must be owned by UAE National(s). Such companies are recognized as offering a suitable structure for foreign individuals or organizations interested in developing a long term relationship with the local business community.
The minimum equity participation by UAE national is 51%. Capital required to form a limited liability company in Dubai is AED 300,000 (US$ 81,744) contributed in cash or in kind. The capital shall not be less than three hundred thousand dirham’s divided into equal shares the value of each not less than thousand dirham’s. However, in other Emirates viz., Abu Dhabi, Sharjah, Fujairah etc., the capital requirement is AED 150,000 (US$ 40,872). Profit or loss distribution can be prescribed and responsibility of management of an LLC can be vested in the foreign or national partners or third party. The shares of such company are not open for subscription by the public and they do not issue negotiable shares.
sample of trademark design (brand name)
power of attorney
trading license
ID or passport of person who will sign application
list of goods and services to be protected
contact details of applicant
Department of economic development (DED) License
Under Commercial Companies Act Number 8 of 1984 and Ministerial Decision Number 69 of 1989, a branch office of a foreign company does not have a separate entity. It merely represents the parent company and carries on business under its name. Usually, a branch office may promote and market the products of the parent company, enter into transactions and conclude agreements in the name of the parent company, and offer services to its customers.
With the exception of foreign companies licensed to operate from the free zone in the UAE, a foreign company may carry on its main activity or business in the UAE or establish an office or branch after a license is issued by the Ministry of Economy and Commerce. The license specifies the object or objects which the company is permitted to carry on. For the license to be granted the company must appoint a UAE national or a corporate body, the partners or shareholders of which are all UAE nationals, as agent of the company (a term which, under the Commercial Companies Act, does not include commercial agency). The duties of such agent to the company and third parties are limited to rendering the service necessary to the company without undertaking financial liability in respect of the business or activity of the company in the UAE or abroad; the agent is not entitled to claim any rights or authority in the business of the company. His rights in consideration of his services are determined by agreement.
The applications to set up a branch in the UAE must contain the trade name, legal form, address of headquarters of the foreign company and the country where it carries its activities, nature of activity intended to be exercised in the UAE, name of national agent (if the agent is a legal entity, then its legal form), capital, names of partners, their nationality, and addresses.
Department of economic development (DED) License
The states of the Gulf Cooperation Council (the UAE, Saudi Arabia, Sultanate of Oman, Qatar, Kuwait and Bahrain) signed the United Economic Agreement in Riyadh on 7th June 1981, with a view to coordinate and unify economic, financial, monetary, commercial and industrial legislations and UAE endorsed this agreement in 1982.
It is conditional as per the Federal Law No. 2 of 1989 concerning permitting the GCC citizen to conduct a business operation in UAE that the investor should be a natural person residing in UAE and practice the required activity by himself and have a license to practice the activity in his country of origin. Procedure overview of llc establishment.
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