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New rule by Dubai DED - Individual shareholder can make LLC company

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Article last update on Oct 24 2015 12:55 AM
A limited Liability company becomes registered when shareholders are more than one, in the company. The acceptance of LLC Company has become more relevant and Dubai Department of Economic Development has been working on a new regulation to support individual shareholders to open limited liability Company in Dubai.

However the benefits and features are much favorable to UAE and GCC nationals to open up their companies. Numerous sole establishment companies are being formed in the emirates of Dubai every day by GCC Nationals and UAE nationals as a sole establishment company. At the same time they can convert the status of the existing establishment company to a LLC company.

Investment companies meant to invest in shares or subscribe shares needs to have the legal status as LLC, will be benefited.

Cosmo Hub Management Consultancy provides all sort of legal support to all entities to ensure the requirements as demanded time to time. Business set up service and Business solution services are customized by our expert consultants, suitable for any business. We have a dedicated wing working for GCC Nationals to start business in Dubai. We also provide free zone company set up services.

Call us at +971 526177444  for further clarifications 

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