United Arab Emirates LLC

LLC is a legal entity in the UAE, which stands for Ras Al Khaimah Limited Liability Company. It is a form of company with limited liability and is not publicly traded. LLC requires a minimum of one shareholder and at least one director. Unlike other companies, LLC does not need to appoint a legal representative or have a local person serve as director. The minimum registered capital depends on the licensing authority and the legal structure. Unless exempt, UAE limited liability companies, free zone companies included, are within the scope of federal corporate tax as taxable persons: they must register for corporate tax and file a corporate tax return for each tax period. Depending on the specific business, companies need to apply for a license. Overall, LLC is a flexible form of company suitable for enterprises wishing to conduct business in the UAE.