Abdelaziz Alhanaee Advocates & Legal Consultantancy Articles
LLCs are one of the most popular vehicles for carrying out business in the UAE outside of the Free Zones where the business activity does not involve banking, insurance or investment (where another corporate vehicle is required). LLCs are governed by the UAE Commercial Companies Law and require a minimum of two members with a starting capital of AED300,000. Foreign investors can hold up to 49% equity in an LLC and 51% must be held by one or more UAE nationals. Managers of the company (up to 5 people) can be UAE Nationals or expatriates.