A Limited Liability Company (LLC) is the one of the major legal types of the business in UAE. Having an LLC company in Dubai, UAE requires a minimum of two and a maximum of 50 shareholders. As per the norms of the LLC in UAE, a UAE national must own 51% of the shares in the company and the expat investor owns the remaining 49% of the shares.
The minimum required capital for an LLC company setup is AED 300,000 and can be tailored to increase it as per the requirement of the investor. The profit or the loss of the company is decided by the virtue of memorandum of association to the UAE national as well as the expat. Appointment of a managing director becomes a mandate requirement and the same could be vested either on the expat partner or a third party. Shares of LLC are neither open for public subscription nor can they be issued as negotiable.
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