LLC Company Formation Dubai | 6 Steps to be done in setting up a business in Dubai
LLC Company Formation Dubai is a good way to “Wall Off” your personal assets from your company’s liabilities
When looking at business types, many business owners choose to LLC Company Formation Dubai. An LLC is a good way to “wall off” your personal assets from your company’s liabilities, offering protection for your personal assets in the event of a judgment against your business. For this reason, it’s a better fit for many owners than a sole proprietorship or a general partnership.
LLC company formation Dubai As provided for in the Federal Law, there are seven types of business entity that may be established in Dubai and in the six other emirates of the UAE. Of these seven, the Limited Liability Company (LLC) is the one most preferred by investors planning on setting up a business in Dubai.
The rules governing LLC company formation Dubai as well as the steps involved in it are easy to understand and follow.
The general rule for LLC company formation Dubai typically starts off with a stipulation as to the number of individuals allowed to comprise a company.
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 businesses capital.