LLC Company Formation in Dubai

In simple terms, a Limited Liability Company LLC is a corporate structure where the investors in a company are not personally liable for the company’s debts or liabilities. The LLC helps to limit the principals’ personal liability in the venture. This is also the most preferred form Business Setup in UAE that can be formed by a minimum of 2 and a maximum of 50 shareholders whose liability is limited to their shares in the businesses capital.

Why Choose Scoprollect for LLC Company Formation in Dubai?

Socprollect Business Consultants liaison with the relevant departments, be it, Department of Economic Development – Dubai, Economic Development Department – Sharjah, Department of Economic Development – Abu Dhabi or the Municipality/ Chamber of Commerce in the other Emirates. In the case of businesses where Company incorporation needs special approvals or licenses, Socprollect Business Consultants, help you understand the formalities and Company Formation Procedures in Dubai and help complete them within the stipulated time frame.

LLC Company Formation Dubai

The role of Socprollect Limited Liability Business Consultants extends to getting approvals and clearances from various departments, drafting Memorandum of Association and other necessary agreements, bringing local equity and local partners, assist in opening bank accounts and selecting the right location for business or operations, trade license, company setup, complete all documentation formalities to aid LLC company formation in Dubai.

Advantages of an LLC Company

While starting a new business, choices are open for you, you can follow any large company, or you have other best choice if your business is small that is LLC company (limited liability company). Here are some advantages why you should choose Socprollect;

  1. If you have business with the sole proprietorship then you are accountable for your business debts. But in case of LLC Company, you are legally separate from the business, and in case of any loss your house and property will not be counted to pay the debts.
  2. In the LLC paperwork is limited; you don’t have to worry about the annual meetings, and keeping the records. Because LLC does not, require annual records.
  3. The best part of LLC is that it is free from the tax, but when it comes to the sole proprietorship, it can adopt their tax status.
  4. LLC offers flexibility in the ownership without any shareholder restrictions.
  5. In LLC profits can be distributed with flexibility, not like other corporations.