United Arab Emirates (UAE) is today’s one of the most popular and prime business destination for many local and international business investors. Many companies have established their businesses within UAE. UAE provides opportunity to start different types of companies within variety of leading business sectors. One of the popular business types is Limited Liability Company (LLC) set up. Today many LLCs are working successfully within UAE and growing their business across the world.
Whenever Business investors want to expand their business within any global location they need to understand the legal procedure of that place. For having successful business within UAE, Limited Liability Company (LLC) is one of the best options. It provides the opportunity to understand the legal procedures and laws in easy and fast manner. Therefore, many foreign investors choose this type of company for expanding their business within UAE.
In Limited Liability Company (LLC), there are minimum of two and maximum of fifty persons. For this type of company, it is mandatory to have UAE nationals as a partner in the company and this partner should hold 51% of the company shares. The liability of this local partner is limited to their shares in the company's capital only not the overall power of the company. Only foreign investor has authority to manage his company according to his way.
The role of this local partner in Limited Liability Company (LLC) is only to understand legal laws and procedure within UAE and fulfill the necessary documentation in easy and fast manner to launch business in UAE easily. Many foreign investors do not know much about the laws and procedures, rules and regulations of UAE.
Business investors can take help of online business consultants such as Choice UAE and start their Limited Liability Company (LLC) within UAE to enjoy business growth.