To Establish a Limited Liability Company (LLC) in UAE, Client has to follow defined procedures:
- It is necessary to avail license from the Department of Economic - Development or the Municipality.
- Preliminary Consent for Name and Activity from the Department of - Economic Development is the pre-requisite.
- In the case of Special Nature Activity, the approval from concerned Ministry/Department is the groundwork step.
- One has to draw up company’s Memorandum of Association and has it notarized from courts of respective Emirates.
- For LLC Company, Capital contribution certificate to be obtained from banks for cash shares and auditor’s certificate for both cash shares and kind shares.
- Person should submit applications and initial approval along with notarized copy of Memorandum of Association, capital certificate, tenancy contract etc., to the Department of Economic Development or the Municipality.
After inspection by the legal department, the Company name will be entered in the Commercial Register and have its Memorandum of Association published in the Ministry of Economy and Commerce Bulletin
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