Xpand Business Services is proficient in helping to instigate from scratch on multifaceted licenses, and offers different license types such as Professional, Commercial, Industrial, Branch Office, Representative Office, Free Zone and Offshore Company licenses. Our team of service agents and local partners ensure that the work is done with the best interest keeping our clients in mind.
Limited Liability Company ( LLC)
Starting an LLC sounds wise to many business persons as it can guard their personal assets from the liabilities of the company in the case of liquidation of the business. A limited liability company can be formed by a minimum of two and a maximum of 50 persons. To comply with the provisions of the UAE Companies Law, a UAE national act as your “Local Sponsor”.The partner’s liability is limited to their share capital in a Limited Liability Company. This is the most widely used commercial entity for companies with foreign ownership wishing to conduct commercial activities and trade in the UAE.
Profits and losses can be shared irrespective of the share capital ratio.
New branches can be opened by the investor.
Limited restrictions on the activities.
No minimum capital requirement.
Professional company assures 100% foreign ownership. Sole proprietorships or civil companies are permitted to engage in professional or artisan activities but the number of staff members that may be employed is limited. To comply with the UAE Law, an Emirati must be appointed as local service agent, but he has no direct involvement in the business. The Local Service Agent Appointment Contract shall regulate the relationship between the two parties.
Branch /Representative Office
The law allows a foreign company to exercise its main activity in the UAE by opening a branch or a representative office. The foreign company which opens a branch in the UAE can perform the activities for which it is licensed. A Branch office is a lawful extension of the parent company and is permitted to secure contracts and conduct business activities, which are similar to those of its parents company subject to the approval of the Ministry of Economy. Representative office can practice only promotional business for the products and services provided by the parent company.
Some of the advantages of instituting a company in UAE with our assistance:
Low startup cost.
Hassle free procedures.
Flexible payment terms.
We undertake negotiations and correspondence with the government departments to establish various types of licenses such as Professional, Commercial, Industrial, Branch Office, Representative Office, Offshore and Free Zone licenses. Our team of local partners and service representatives ensure that all the requirements of the clients are catered to with highest professional efficiency.