Company setup |About The LLC | Free Zone Company | Offshore Companies
About The LLC
If you are an entrepreneur in search of the appropriate medium to do business within the UAE, a limited liability company is an excellent choice. However, an LLC can also be advantageous for international business affairs. Listed below are the benefits of setting up an LLC. This information may help you to assess whether an LLC is the appropriate solution for your international business requirements.
Advantages of an LLC
- An LLC gives unparalleled access to the United Arab Emirates’ economy. Moreover, an LLC is the vehicle through which international entrepreneurs can obtain trade licenses from the UAE authorities. The scope of an LLC is virtually unrestricted. Licenses for almost all activities can be obtained, with the notable exception of banking, insurance and investment activities.
- The investors of an LLC gain a strong physical presence in the United Arab Emirates. IGC offers custom solutions for every budget and specification, including our virtual office service.
- Founding an LLC no longer necessarily requires specific minimum capital investments. This formal prerequisite was repealed in the UAE. Depending on size, nature of business and goals, a company may or may not be subject to minimum capital requirements.
- Opening global corporate bank accounts is easy once the LLC has been set up. IGC works with internationally recognized banks to provide corporate bank account services.
An LLC can take on several legal forms. Listed below are some of the options
- General partnership
- Limited partnership
- Private joint stock company
- Limited Liability Company (LLC)
- Partnership limited with shares
- Foreign companies
