Limited liability company structure :
Fifty-one per cent participation by UAE nationals is the general requirement for the Limited Liability Companies. Therefore the normal shareholding pattern for an LLC will be :
Local sponsor (Partner) – 51%
Foreign shareholder (s) – 49%
Moreover, either the UAE nationals or the foreign partners may be granted the authority of managing the company.
Advantages of The L L C :
Direct access to local UAE market
Almost no limitations on activities. Different approvals may be required for specific activities
Prestige in the eyes of counteragents and partners
Easy to open bank account and to work with governmental bodies
Large number of visas and less restrictions on nationalities compared to Free Zones
No Minimum Capital Requirements from 2012
Get the Best Local partner with Emirates 4 YOU :
Emirates 4 You only recommend credible individuals as sponsors who have a well-established track record.
The sponsor is a sleeping partner and only required to fulfill the legal requirement.
The sponsor has no rights on the business management, turnover or profits.
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