A limited liability company (LLC) is a business setup where the owners are not personally liable for the company’s debts or liabilities. These companies have a hybrid structure, and they can either function as a corporation with a partnership or otherwise have a sole proprietorship. An LLC is easy to set up compared to a corporation because they provide more protection and flexibility.
LLCs differ from large corporations in terms that they may not have to pay federal taxes. The profits and losses are instead listed on the personal tax returns of the owner(s). Certain criteria have to be met before the formation of an LLC. Our company formation services take you through the entire process without the hassle.
What Is Company Formation?
Company formation broadly includes the processes through which businesses are legally registered and established. Your business can be successfully functioning elsewhere, or you could be starting a new venture. We provide solutions, registrations, and help to kick start whichever business venture you have in mind. Company formation services can also help you find suitable office spaces.
Using the facilities of a company formation service center will save you time and get your work completed efficiently. We provide renowned packages for professionals making the whole process easy.
Some of the criteria to be fulfilled before registration include:
Company name: The party has to decide on a company name that will be legally registered as the company name. While choosing a name, make sure that it is not the same as, or too similar to the name of another existing registered company. You can check the availability of names by entering into a check-tool. The service provider will provide the tool before finalizing on a company name.
Registered office address: Each company will have to be registered with an address so that the company is accessible to the public. This new address will be the official location of the company, and it will appear on the public register after formation. You can choose any business center to set up your new company.
Director of the company: The company will need a director, and this person(s) will be registered as the legal manager. It is the role of the director to manage the company, the legal formalities, and the best interests of the establishment. Each company will need at least one director to manage these duties; you also have the option to assign other companies as directors. There is no limit on the number of the person(s) or companies appointed as directors.
Shareholder and sponsors: In the UAE, you will need a citizen to offer sponsorship to form a company and officially register the company. The shareholders are the legal owners of a company and are identified as members. These members can be other individuals or other companies.
How Can We Help?
We have experts in the field who can help you form your new company. We have a dedicated team in the country to help you with the entire licensing process. Our solutions offer services that will have you up and running in a timely and cost-effective way.
We have a specialized licensing department that is equipped to handle all the requirements to help you get your trade license. Fulfilling and meeting the legal requirements by yourself can leave you confused and exhausted. Our experts have years of experience in the field of license procurement.
Our company formation services come in affordable packages that include license fee, corporate agent, public relations officer, medical insurance, Emirates ID, and a virtual office to get you started.