Formation of L.L.C and Industry/Trading License
Corporate governance is a concept which resulted success in the business of all industries of the world. Therefore, Limited Liability Companies have gained importance in the Middle East. Further, the government regulations too are in favor of L.L.Cs, for business activities in United Arab Emirates. For example, visit visas for businessmen can be availed from LLC sponsorships. We offer our services for the formation of LLC in UAE, right from the preparation of Memorandum of Association, Articles of Association, other documentation, filing, liaison with government departments etc until obtaining the Certificate of Incorporation. In addition we protect the rights of investors by provision of clauses in the agreement with the sponsors.

Licensing Authorities:

	Licensing Authority in the Emirate of Dubai : Department of Economic Development.
	Licensing Authority in the Emirate of Sharjah: Economic Development Department
	Licensing Authority in other Emirates: Municipality/ Chamber of Commerce

Procedures:
The procedures for establishing a L.L.C in UAE are very simple

• The first step in establishing a L.L.C is to obtain preliminary approval for name and activity from the Department of Economic Development or the Economic Development Department or Municipality/ Chamber of Commerce. If the activity is of special nature, approval has to be obtained from the concerned Ministry/ Department
• The Company’s Memorandum of Association has to be drafted. It has to be notarized from the Courts of respective Emirates.
• Capital Contribution Certificate has to be obtained from Banks for cash shares and auditors certificate for both cash shares and kind shares.
• The initial approval and applications along with notarized copy of Memorandum of Association, Capital Certificate, Tenancy Contract etc. has to be submitted to the Department of Economic Development or Municipality.
• Activities which require Special approval License to do most of the activities are directly issued by the licensing authority in respective Emirate. But certain activities require special approval from the related Ministry/ Department.

Examples:

	Medical, Pharmacy etc : Ministry Of Health
	Air transport, air cargo etc: Dept. of Civil Aviation
	Banks, Financial Institutions, Money Exchange etc: Central Bank
	New Industrial Project : Ministry of Finance & Industry
	Publishing, Printing, Newspaper, Advertising, Video Film, Photography: Ministry of Information
	Education, training etc.: Ministry of Education
	Agriculture, Veterinary etc.: Ministry of Agriculture
	Customs clearance, freight forwarding, sea cargo etc: Seaports & Customs Authority
	Telecommunication Equipment: ministry of Communication
	Branch of Foreign Company, Insurance Company, Chartered Accountants Firm etc: Ministry of Economy.