Requirements to start a limited liability company

There are different kinds of companies which people can start in Dubai and these ranges from the most common limited liability company to the civil, joint venture, private shareholder, public shareholder and the partnership. You can start Dubai south business setup with the most common type of limited liability company because in this way your liability towards the company will be limited to your action which you done for the company only, your personal assets will not be involved in that in case of bankruptcy or any other difficulty. To start limited liability offshore company in RAK you need to fulfill the following requirements:

When you start a limited liability company then you need to get some shareholders for your company and there are a minimum number of two shareholders in case the company is not in the free zone, when in the free zone then the requirement is of one shareholder only.

For a company to be started in Dubai you does not need to have a minimum amount of share capital so you can start it with any minimum amount which you have and there are no restrictions in that, but if you are starting it in the free zone then you need to show a minimum share capital to the concerned authorities and this amount varies for different free zones. It is better to know about that amount before you apply for the registration in a certain free zone.

For registration you need to create and submit two important documents which are Memorandum of the company and Articles of Association. These documents will include all the details of the company like name, place, type and every other detail. No limited company can be formed without these two documents.

To start a company in Dubai, there must be an address for the company because no one can start a business from home. A registered office address should be there and also there is a need to get an official bank account which you use solely for the purpose of business. A limited company needs to get the license in order to start its activities but the license should be taken lawfully according to the work you are going to do in your company. Different types of companies need different licenses so you have to confirm it before applying.