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Limited Liability Company Formation in Sharjah

The strategic positioning of Sharjah makes it a favorable destination for business incorporation, especially LLC. The Limited Liability Company is a popular form of structure in Sharjah due to the various advantages it brings to the enterprise. For instance, an LLC company formation in Sharjah allows the business to conduct its operations in any part of the UAE. Similarly, it can establish its office anywhere in the country. In addition, the managers appointed in an LLC can be foreigners, nationals, or even third parties. To know more about LLC company formation in Sharjah, speak with a busine

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Limited Liability Company Formation in Sharjah

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  1. LIMITED LIABILITY COMPANY FORMATION IN SHARJAH

  2. LIMITED LIABILITY COMPANY FORMATION IN SHARJAH A Limited Liability Company (LLC) is a business structure that is popular among entrepreneurs and investors worldwide. It offers several advantages over other business structures, such as limited liability for its owners and flexibility in terms of management and ownership. LLC company in Sharjah is the popular choice for entrepreneurs and businesses looking to establish a presence in Sharjah. Sharjah is the third-largest emirate in the United Arab Emirates (UAE) and is known for its strong economy and business- friendly environment. The emirate offers a number of incentives to foreign investors, including 100% foreign ownership in certain sectors. Therefore, if you are considering forming an LLC in Sharjah, there are a number of things you need to do. We are here to help you guide you through the entire process and providing you with essential insights so you can make an informed decision in incorporating your company in Sharjah.

  3. WHAT IS LLC COMPANY? A Limited Liability Company (LLC) in the UAE is a business structure that offers limited liability to its owners. This means that the owners’ personal assets are protected in the event that the company goes bankrupt or incurs debts. LLCs are the most popular type of business structure in the UAE, and they can be formed by a minimum of two and a maximum of 50 shareholders. BENEFITS OF ESTABLISHING LIMITED LIABILITY COMPANY Members of an LLC are only liable for their investment in the company, up to the amount of their capital contributions. This means that their personal assets are protected in the event of the company’s bankruptcy or other financial difficulties. LLCs have a flexible management structure, allowing members to choose the management structure that best suits their needs. LLCs enjoy amazing tax benefits in the UAE. However, taxes are subject to be applied after a certain limit as set by the government. (For now, a corporate tax of 9% is applied on net profit after it crosses the minimum threshold limit of AED 375, 000.

  4. WHY FORM AN LLC IN SHARJAH, UAE? 1. Competitive taxes 2. Easy Company Formation 3. Strategic location LLC company formation in Sharjah, UAE, offers so many advantages that make it an attractive choice for entrepreneurs and investors. Some of the are: 4. Supportive government 5. Affordable costs 6. 100% business ownership

  5. HOW TO START AN LLC COMPANY IN SHARJAH? Starting an LLC in Sharjah, UAE, involves a step-by-step process that ensures compliance with local regulations. Here is a simplified guide to help you through the process: Step 1: Choose a business name Step 2: Choose a business location Step 3: Register Your Business and Obtain Trade License Step 4: Open a Corporate Bank Account Step 5: Office Space and Premises Step 6: Visa and Employee Registration

  6. DOCUMENTS REQUIRED FOR LLC FORMATION IN SHARJAH Although the number of required documents may vary depending on the nature of the business and other factors, however, documents needed to incorporate your company in Sharjah: here are the general Copy of your passport and visa Passport copies of all shareholders Bank statement of the company’s bank account Legal approvals, if needed. Certified Lease Contract copy License form Trade name certificate

  7. COST OF SETTING UP AN LLC COMPANY IN SHARJAH The LLC license cost in Sharjah varies depending on several factors, including the type of business activity, the size of the company, and the business location (mainland or free zone). As a general rule of thumb, the cost of obtaining a business trade license generally starts from AED 14,900*. Besides, there are other costs involved, such as – Business name reservation fee Bank account opening fee Legal fees Other expenses (e.g., office space rental, visa fees, etc.)

  8. Sharjah Business Setup LLC Formation with Shuraa Limited Liability Company Formation in Sharjah is an exciting and significant step for entrepreneurs and investors. The benefits of asset protection and favourable tax policies make it a decision worth considering for anyone looking to set up a business. To ensure a smooth and hassle-free LLC formation process, it’s highly advisable to partner with experienced professionals who understand the complexities of the UAE’s business regulations. Shuraa Business Setup, with over 22 years of experience, is a leading business setup company in the UAE that has already assisted more than 50,000 entrepreneurs in realizing their business dreams. Our expertise and extensive knowledge of local regulations can be a valuable asset on your journey to business success in Sharjah.

  9. CONTACT US : +971 44081900, +971 507775554 THANK YOU We look forward to working with you info@shuraa.com www.shuraa.com Sheikh Zayed Road, Office 501, 5th floor, Aspin Commercial Tower, Dubai, UAE

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