Limited Liability Company (LLC)

A Limited Liability Company (LLC) is a type of business structure that offers personal liability protection to its owners while allowing them to enjoy the benefits of operational flexibility. In an LLC, owners (referred to as members) are not personally responsible for the company’s debts or liabilities beyond their investment in the business.

LLCs are a popular choice for small to medium-sized businesses because they combine the liability protection of a corporation with the tax benefits of a partnership. In the UAE, LLCs are a common choice for both local entrepreneurs and foreign investors. The structure is relatively easy to set up and offers various options for ownership, but it must comply with the legal requirements set forth by the relevant authorities, such as the Dubai Department of Economic Development (DED).