How Much Does It Cost To Open A LLC Company In Dubai?
Dubai is a land of many opportunities and you can take your business to a new height. If you are planning to open a LLC company in Dubai then you need to know everything about it. As you know, it is the very ideal business setup for the new entrepreneur or business person.
Your next concern would be the cost to open a LLC company. Usually, despite the numerous tax and cost advantages of establishing a company in Dubai, the initial fee can be relatively high depending on the type of business.
However, in this blog post, you will learn about how much it costs to open a LLC company in Dubai and related information. So, keep reading
An Overview – Limited Liability Company
Generally, limited liability companies are those in which the shareholders are not personally liable for the business’s debts. The liability of the company is limited to the company only or it might be up to the shareholder capital of the company.
Moreover, it can be formed by individual shareholders to maximum hundred shareholders as per the new amendment of the law. So basically, LLCs are the most common and ideal type of Dubai mainland company setup.
Its formation is fast and easy as you can register your company with the Dubai Department of economic development within just 80 minutes without any need to commit to a lease agreement.
The Cost of LLC Company Formation
The most important factor to know before forming any type of company is the cost. Whenever you are going to start any setup, you will calculate the cost and figure out all the expenses. There are multiple steps involving costs including business registration, investor visa, employment visa, and other government fees and taxes.
So, the registration cost of a limited liability Company Set Up in Dubai ranged from AED 22,000 to AED 24,000. It will translate from around USD 6,000 to USD 6,500. This cost, however, excludes fees for obtaining a trading license and other miscellaneous expenses.
The overall cost of establishing a Limited Liability Company in Dubai is expected to be significantly higher. Furthermore, if you want to know about LLC Company Formation Cost then you can consult blue kryon consulting company. They will guide you accordingly.
Moreover, the investor visa costs range between AED 4500 to AED 5250.
Types of business licenses available in LLC
In general, business owners should understand that a business license is necessary to successfully form a business in Dubai. Following are the several types of licenses available for the LLC in Dubai.
- Professional license.
- Commercial license.
- Agricultural license.
- Industrial license.
- Tourism license.
Reasons for Building an LLC Company in Dubai
After knowing a brief introduction and cost-related information, you must know what effective reasons and benefits can be to Start A Limited Liability Company In Dubai. So the specific reasons are mentioned below
- It has the leverage to conduct any business activity except insurance companies, banking, and investment.
- LLC will provide you the advantage of limited liability to the shares in the capital.
- No restrictions on the location where the company buys or rents office premises.
- Limited liability companies can legally trade anywhere in the Dubai UAE as well as a free zone.
- They can get several visas as there are no restrictions on them.
- International recognition of the company.
- The DED government has officially waived off paid-up capital requirements on LLCs.
- The process is very easy to open a bank account for the company.
- Maximum visas under the company even with small or virtual offices.
All summed up!
Therefore, you may well understand the costs of opening an LLC in Dubai. It might be higher than the other countries and jurisdictions. Once you have successfully set up your company, the benefits and advantages are tremendous.
However, if you don’t know the several stages of costs paying and prices then you can consult blue kryon consulting. We are here to give our clients the best advice and information related to the registration of LLC companies in Dubai.
Blue kryon consulting will provide a service package including registration of your LLC company Dubai company with the Registrar of Companies, provision of a registered agent and a registered address, opening of a corporate bank account, and annual accounting and tax services. so, feel free to consult us today!
