LLC Company Formation in Sharjah | Limited Liability Company in Sharjah

Limited Liability Company in Sharjah

Home > Limited Liability Company in Sharjah

MAINLAND COMPANY IN SHARJAH

Limited Liability Company in Sharjah

An LLC business setup in UAE is the best option for entrepreneurs who want to carefully venture into the business world. In this type of company formation, the shareholders of the company have limited liability. It is limited to only the amount or the capital they have invested in the company and their personal assets are safeguarded in case the company doesn’t perform well in the future.

Benefits of choosing an LLC company in Sharjah

LLC makes an attractive option for both local and international investors. The recent regulatory changes in company formation have made it possible for foreign investors to have 100% ownership in their company. This is applicable to all sectors. With 100% ownership, you are in total control of your business as it gives you the flexibility to run the business operations as you want them to be.

When you choose an LLC company in Sharjah, you can engage in a wide range of business activities including trading, manufacturing, consulting, or services. As with other company formation structures, LLC also comes with attractive tax benefits. This includes no personal income tax and zero taxes for income up to AED 375,000 and a negligible 9% above it. This allows you to retain most of your profits.

With an llc company setup in Sharjah, you have the flexibility to conduct your business activities not only within the emirate but across the entire UAE. This allows you to explore the diverse market opportunities and grow your business. This also allows you to rent an office space anywhere in Sharjah or in other parts of the UAE.

There are also no restrictions on the number of employment visas you need. This allows you to hire an efficient workforce to accommodate your growing business needs. Also as with other business structures, LLC in Sharjah can easily open a local or global corporate bank account. They can obtain credits from banks that provide business loans to companies that want to drive their operations or expand the company.

Apart from this, LLC formation in Sharjah is easy. The rules and regulations are easy to follow and supportive so you can start your company operations in a couple of days.

What is the Process of LLC Company Formation in UAE?

Select your business activity

This is the obvious step as the type of your business activity or the business you want to start will determine the next set of steps. You can check with the Department of Economic Development (DED) in Sharjah for the list of business activities that are permitted. It is necessary to give a thorough consideration to the business idea before starting because it should align with your business goals and you will need to commit to it in the long run.

Choose a business name or a trade name

Make sure to choose a trade name that is unique and complies with Sharjah’s naming conventions. It should not be identical to those existing in the market. Also it should not have religious inferences, insensitive or inappropriate words as it can invite legal hassles.

Create Memorandum of Association (MOA)

You will need to create an MOA, which is considered an important document that outlines your company’s structure, objectives, and operating procedures. The MOA must include details such as the company’s name, objectives, share distribution, and management structure. This document should be notarized and approved by the DED.

Obtain the initial approval

Before the formal company registration, you should obtain initial approval from the Sharjah Economic Development Department (SEDD). This confirms that your business activities and trade name have been approved.

Get an office space and tenancy contract

To establish an LLC in Sharjah, you will need a physical office address. So get an office space that suits your budget and business requirements and sign a tenancy contract. This tenancy contract must be submitted to the DED.

Submit the documents

Now submit all the documents, including passport copies, proof of residency and passport size photographs of the shareholders and managers to the DED. The department will review the documents and, upon satisfaction, issue the trade license for your company formation in Sharjah.

Seek support of a business setup consultancy

If you are ready to take the next step in your entrepreneurial journey, contact Corpin Consultants, the finest business setup consultants in UAE today. Our team with experience and in-depth market knowledge will provide you with the support tool, the documentation, attestations, legal formalities, licenses, preparation of the ground work to help establish the LLC in Sharjah.