An LLC in Dubai allows for corporation-level liability protections but greater ownership flexibility than a joint stock company.
Key Features:
- LLCs must have 1-50 partners who can freely transfer shares.
- Unlike mainland firms, foreign ownership of 100% is permitted for most activities.
- Limited partners are responsible only up to their capital contributions.
Example
An Australian-UAE LLC joint venture in real estate was formed to undertake a large mixed-use development project in Dubai.
Significance
Dubai’s regulatory and tax advantages make the LLC structure very popular for foreign investment and partnerships compared to other Emirates.
Formation
Requires memorandum of association, minimum AED 50,000 capital and obtaining license from DED.