Limited Liability Company is one of the most common legal entities formed in the UAE.
The main reason for its popularity is because LLC provides limited liability to its shareholders
That means shareholders are not personally liable for the company's debts or liabilities in front of third parties.
LLC is registered under the Department of Economic Development in each emirate.
LLC can be owned by both ind. or companies alike.
According to UAE's Commercial Companies Law, min. 51% of shares in the LLC should belong to the UAE citizen, and up to 49% of shares can be owned by foreigners.
Profits and losses can be divided in different ratios.
LLC can be formed by min. 2 shareholders and maximum fifty.
Nevertheless, the law allows UAE nationals to incorporate a single-shareholder Limited Liability Company.
An LLC may conduct any type of activity except for banking and insurance.
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