Set up a company or business in Dubai
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An LLC is a separate and distinct legal entity with limited liability. It requires 51% of the total shareholding to be owned by a UAE national or a company wholly owned by UAE nationals.
Obtaining a name and naming requirements
The trade name reservation is done online for most the and the relevant payment made for the Dubai Economic Department (DED) to issue the Trade Name Reservation certificate. Certain restrictions apply when obtaining a name, for example, a name may not contain the word “Dubai” or the names of countries or offensive or religious words.
Shareholders
The number of shareholders must not exceed 50 and must not be less than 2. Shareholders’ liability limited to their share in the capital. A UAE national or a company wholly owned by UAE nationals must hold at least 51% of the shares, but for circumstances where FDI mitigates this requirement. Maximum ratio of profit and loss shared is 80% to the non-UAE shareholder and 20% to the UAE
shareholder.
There must be a General Assembly composed of all partners convened once a year during the four months following the end of the financial year. Decisions of the General Assembly shall not be valid unless passed by most of the shareholders present in person and those represented at the meeting (unless the company memorandum states a larger majority).
Board of Directors
At least one director/manager should be appointed by the shareholders for formation of the LLC. If there is a Board of Directors and managers appointed, then the meeting requirements should be in accordance with that stated in the company’s Memorandum of Association.
Annual company tax returns
There are no taxes payable, so no filing of tax returns (except for VAT) for both LLC and Branch.
Business registration filing requirements
There are various documents required to be submitted to the Dubai Economic Department (DED), including the application form for reservation of the Trade Name of the company and the application form for initial license approval, the board resolutions and corporate documents of the corporate shareholder, passport copies of the individual shareholders and the officers (directors/manager and general manager).
Local office lease requirement
An owned or rented physical office space is required to set up a business for a Mainland / Local / LLC company Dubai
Press Coverage
I am very pleased with the services of Zenesis Corp. They were extremely helpful and efficient in setting up my company and getting my visa processed in time. I was also introduced to bankers for setting up the company bank account. I would recommend them as the Best Company formation Consultants in Dubai
Zenesis Corporation was able to provide the right solution for my family who wanted to invest in property in UAE and wanted to protect their assets. They gave us a clear understanding of the process on how to start a business in Dubai and the time and costs involved and got everything ready in time.
We would like to thank Zenesis Corporation who helped us in setting up the free zone company and finalise our residency visas. Their response to our queries was very quick and we would like to thank them for their prompt and efficient services. They are the Best business set up Consultants in Dubai
Complexity in corporate management, financial planning, and business transformation are some of the great challenges we face today. Having introduced Zenesis to a High Net-worth Client of mine that required a plethora of services, I can truthfully say that this team consists of highly knowledgeable professionals. Their advice is impartial, informative and most importantly, tailored to the client’s specific needs.
Zenesis Corp has been providing us with excellent service in formation of BVI companies and has given us no cause for complain during our association from eight years. Their professionalism and efficiency can be trusted, which also reflects in the cost effective services being provided by them.
A very reliable and efficient service provider. Recommend to all for all your offshore company requirements in the United Arab Emirates.
I had a great time at Zenesis Corporation last week! It was so helpful to create a plan for new company formation in Dubai’s JLT Free-zone. We were able to see and plan for necessary actions to take in order to reach the goals that we’ve created for this start-up. So awesome! Thanks for the support!
Dealing with Cecilia and her team at Zenesis was a pleasure. They assisted us with the establishment of a Sharjah Airport International Free Zone company and their knowledge of requirements, procedures and timescales was entirely accurate, furthermore they clearly have a good working relationship with key employees at the Free Zone. I would certainly recommend their Company formation services in Dubai
I have worked with Zenesis Corporation for over 10 years now. They are a fantastic team to work with as each company formation is different. Cecilia and the team really take the time to understand our clients individual needs and deliver a first-class solution. The after-sales customer service they offer not only to us but our clients is highly regarded by all.
We are very much happy with the consistently good services of the Zenesis team. Keep up the good efforts!
We are really grateful to Zenesis for the excellent work they have done for our project in Alicante, Spain. The ideas, expertise and skills have brought our team immense knowledge and know-how. We are happy to recommend Zenesis to any company who wants to grow globally.
The Zenesis team is efficient and knowledgeable allowing them to facilitate the issuance of visas thereby reducing the hassle and burden on us. I strongly recommend their services for those seeking help with their company formation and visa processing.
Zenesis team is accessible and responsive, they have the experience to always provide an effective solution for the necessities of clients
Had an amazing experience in my Dubai Free zone company formation, they are transparent in sharing everything and got a good quote too. Thanks
Best and Prompt service within a committed time frame.
Highly recommended for company formation services, charges are economical and services delivered on time, very well trained consultants.
Work Ethics, Proper Guidance & Timely Service…
Excellent consultants! Never disappointed us for the last 3 years and looking forward to many more years with Zenesis!
Good understanding of the client's requirements, and a good team to work with.
Very efficient and been a pleasure to deal with. Would recommend them.
Good work, as always.
It was a great transparent and efficient experience with Zenesis. Strong follow up. Exceptional service. Great team.
Received timely assistance and genuine advisory… would advise others to visit and take advantage of the friendly services …. you will seek their customer services again and again. best so far for business setup, good team.
With quick responses, Team Zenesis have been consistent in their excellent satisfactory services. I highly recommend Zenesis for anyone looking to start a business in Dubai.
With competitive fees and welcoming staff, overall the service is great. its been a long journey with team Zenesis, Thanks for helping in building my business from bootstrap to more than 120 employee company
We are working with this company for past few years. Only best words for Ms. Cecilia and her team.
It was an amazing experience to work with Cecilia and Zenesis Corp team. Our family needed a solution and we were provided timely and accurate advice with regards to opening up a Jebal Ali Offshore company where the assets are now secured. I would recommend Zenesis Corp each and every time.
A very reliable and efficient service provider. Recommend to all for all your offshore company requirements in the United Arab Emirates
The team at Zenesis are knowledgeable and reliable consultants to work with. We experienced good service and timely information, and highly recommend them to anyone looking at setting up a business in the UAE.