ENQUIRY

RECAP
License Type : Commercial
Legal status : Joint Venture Company / Limited Liability Company
Licensing authority : Department of Economic Development (DED), Dubai
The Market : Dubai/International
Activity Name : Fabric Trading
Limited Liability Companies
A Limited Liability Company can be formed by a minimum of two and a maximum of 50 persons whose
liability is limited to their shares in the Company’s capital. Most Companies with expatriate
partners have opted for this Limited Liability Company, due to the fact that this is the only option,
which will give maximum legal ownership i.e. 49% to the foreign investor.

Ownership Requirements
Fifty one per-cent participation of the UAE nationals is the general requirement for the Limited
Liability Companies. We understand from our discussion the proposed company will have two
shareholders and the shareholding pattern will be:
Local Sponsor - 51% and
The Investor - 49%

While foreign equity in the Company may not exceed 49%, profit and loss distribution can be mutually
agreed. Responsibility for the management of a Limited Liability Company can be vested in the
foreign or national partners or a third party.

Procedures
⮚ Identify a local shareholder
⮚ Initial approval and name approval from Department of Economic Development
⮚ Notarization of Memorandum of Association
⮚ Issuing commercial license from Department of Economic Development (DED)
Documents required‐ Individual shareholding
1) Copies of passport of all shareholders with U.I.D number
2) NOC from the existing sponsor (if applicable)
3) Gincia Copy of the Local sponsor.
4) Tenancy contract in the name of the proposed company.

Commitbiz Management Consultants | P.O. Box 293816 | 10th floor | Dubai World Trade Centre Tower |
Sheikh Zayed Road | Dubai | United Arab Emirates
T. +971-4-3867444 | F. +971-4-3867474 | www.commitbiz.com | Branches: Abu Dhabi & London


Approximate company formation expenses

Initial and name approval charges AED 950
Local Sponsor AED 7,000 + VAT
Translation & Notarization charges AED 500(approx.)
Commercial License fee (DED) AED 15,000 (Approx)
Our Professional Fee for License formation AED 4,500 + VAT
*Sustainability Desk(subject to approval AED 4,000 + VAT
from ded)
For Visa Processing
Establishment Card AED 575
Investor Visa (Per visa) AED 3,100 approx
NOTE: LICENSE FEE WILL BE AED 2000 LESSER IF YOU CHOSE AN ARABIC TRADE NAME
Visa is for outside country, Medical and Insurance Included
Any additional document drafting will determined by case to case costing
The time required: The time required to incorporate a LLC would be 2-3 working days from the
date of receipt of all documents.

Notes:
● All charges at DED and other government departments are to be borne by you, which will
be supported with original payment vouchers.
● All the government charges shall be payable upfront, upon request. Our professional
assistance is up to the issuance of trade license.
● This quotation is valid for three months from the date of issue.

- A percentage of the proceeds will be donated to charity -

--

Commitbiz Management Consultants | P.O. Box 293816 | 10th floor | Dubai World Trade Centre Tower |
Sheikh Zayed Road | Dubai | United Arab Emirates
T. +971-4-3867444 | F. +971-4-3867474 | www.commitbiz.com | Branches: Abu Dhabi & London